NFC implementation may be a slow adoption but NXP is hardly dead. The CEO claimed about a year ago that NFC was never going to be more than 10% of revenue. They have a very diversified tech portfolio and some expect lighting tech to be as big as NFC.
Couldn't agree more. Another piece of paid garbage from Motley Fool. Articles are beyond poor across tickers, their AIG commentary is also borderline criminally incompetent. Beest to ignore anything they print.
From their Global Technology Conference this week:
Obviously there is lot of focus on NFC, we’d like to point out that NFC only represents about 5% of our overall revenue and a natural pathway of very, very strong positions across our identification business.
What about the automobile products?
And thirdly I mentioned it before the in-vehicle networks. Be aware that every car which is currently being built globally host, about eight NX chips for in-vehicle networks. I talked about the number one position in car entertainment there is more or less 20 Tier 1 suppliers building car radios globally most of them actually are Japan based. We are designed in 19 all of those 20.
Now from a regional perspective the attractiveness is all about China, China is by far the fastest growing region in automotive. And I can probably share with you that strategy analytics just published a report for last year’s automotive semiconductor markets naming us as the number one automotive semiconductor supplier in China in 2012 so we made it from a number three in the years earlier to number one in China automotive semiconductors according to strategy analytics.