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Secure Transactions News

NXP back to profits in 2011

Thursday 23 February 2012

He added “we continue to experience very strong customer adoption of our technology, a validation of our strategic direction, which we believe, will enable the continued transformation of NXP.”

In addition, Rick Clemmer, in a results conference call, added that NXP has achieved NFC design wins in more than 130 handsets and tablets. NXP recognizes NFC handset shipments in 2011 had been lower than originally anticipated (cf. Smart Insights Weekly #12-02), but expects 2012 to be a “very solid year” for NFC. “It’s clearly going to grow significantly,” he said. “We learned our lesson last year that we’re not going to get into the forecast business for NFC attach rate. Clearly, we have encouraging signs and encouraging order levels from a number of customers with the 130 handsets and tablets that have designed in our NFC product.” Rick Clemmer added he know of only six to eight NFC handsets not using NXP NFC chips.

 

NXP also delivers detailed results according to product lines:

 

IDEN, the HPMS (High performance Mixed Signal) identification business includes semiconductor used in banking, ID cards, and ePassports, and NFC as well as the Mifare range, mainly used for mass transit and physical access control.

With these results, NXP positions itself as #1 in eGovernment with a 37% marketshare, #1 in Transport and Access with a 70% marketshare, #1 in NFC with an 85% marketshare, and #1 in RFID.

NXP also announced its guidance for Q1/2012, with an expected sales level between US$ 861 and 918 million (EUR 651 to 694 million), leading to a net income between US$ 26 and 59 million (EUR 20 to 45 million).