NXP Semiconductors’ CEO Richard Clemmer says the company expects to double its sales of NFC chips through 2012 and 2013, thanks to its involvement in the Google Wallet project, according to Totaltele.com.
Google chose NXP to provide the NFC chips for its new Wallet service, which will enable Android users to make mobile contactless payments and redeem electronic coupons all with the wave of a phone.
Although the $6 billion company considers NFC to be a driving growth factor, Clemmer revealed in an interview with Totaltele.com that the technology will make up only 1% of the company’s sales this year; and despite the projected sales boost, Clemmer doubts the technology will ever achieve a double digit share of NXP’s revenue.
NXP, who also provides NFC chips for Nokia, is working on other technologies that Clemmer says will provide more growth. Among these is the GreenChip, an energy saving device for the Smart Home market that will allow users to remotely turn on and off lights and set brightness using a computer or a smart phone.
NXP is also turning towards authentication solutions–one of which will allow producers to trace and verify the origin of raw materials, reports Totaltele.com.
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