EINDHOVEN, THE NETHERLANDS--(Marketwire -02/27/12)- Today at Mobile World Congress, NXP Semiconductors (NASDAQ: NXPI - News) announced its newest flagship NFC solution, the PN547. Following on from the overwhelming success of the PN544, by far the industry's most widely adopted Mobile Transactions solution, the next generation PN547 incorporates NXP's proven leadership and expertise through over 130 projects across a variety of handsets, operating systems and with both SWP-SIM secure elements and embedded secure elements. Its cutting-edge performance provides smart phone and tablet OEMs with a springboard to create breakthrough Mobile Transactions user experiences.
The PN547 outperforms any NFC radio controller in performance and offers doubled RF range, a 50% smaller footprint, a 5x improvement in wireless data throughput and a 50% lower power consumption than the current market benchmark PN544. It delivers perfect interoperability worldwide, working with any contactless reader and NFC tag, supporting new, revolutionary user experiences in the devices of the future. NXP's next generation Mobile Transactions solution delivers these improvements with robust multi-application support including full MIFARE family compatibility (Classic 1K, Classic 4K, DESFire, Plus) and native reader device mode functionality for expanded NFC use cases such as secure, mobile contactless POS applications and mobile ticketing.
As part of NXP's strategy to enable openness and choice, the PN547 will be available with multiple interfaces to secure elements, offering flexibility to MNO technology preference and OEMs around secure element form factor (µSD, UICC, eSE). Its benefits are available to all MNOs and OEM customers that market advanced mobile devices designed for the 4G era.
The benefits stem from NXP's unique NFC experience and from its clear leadership position across the identification market overall. As the co-inventor of NFC in 2002, NXP enjoys a head start of several years with unmatched NFC knowledge and IP, delivering market leading Mobile Transactions performance to Google, Microsoft, almost all major OEMs and leading mobile network operators. Furthermore, NXP's core security and contactless expertise within its NFC portfolio incorporate its understanding of advanced applications and complete end-to-end solutions derived from its identification business. NXP is the leader in converging traditional contactless and security applications into exciting mobile transactions applications.
"We are at an exciting inflection point for smart phones and the NFC market in particular with an attach rate of 47% in 2015," said John Devlin, Group Director, Security and ID for ABI Research. "As more sophisticated NFC applications are deployed, mobile users expect exceptional user experiences delivering trusted reliability and interoperability across secure identification, payment, ticketing, access and proximity marketing use cases. By continuously advancing the state of the technology, NXP is responding to end user needs."
"NXP's proven interoperability, leading technology and Mobile Transactions success story form the most powerful NFC radio in the market that sets a new benchmark for performance, footprint and lowest power consumption," said Henri Ardevol, vice president and general manager, secure transactions, NXP Semiconductors. "Handset manufacturers demand exceptional performance to satisfy their customers. The PN547 is the industry's only solution that meets those needs."
PN547 Solution Highlights:
- Supports smaller mobile devices via 50% smaller footprint
- Supports longer battery life; power consumption reduced 50%
- Reliable tapping action -- best In Class RF performance with a 2x increase in RF operating range and unique, embedded MIFARE crypto for expanded interoperability
- Faster tapping action -- increasing the system data throughput by a factor 5
- Improved OEM profitability, lower total cost of integration through support for smaller antennas and reduced count of external component
- Leverages NXP's OpenSource OS integration, 130+ NFC design in projects, and end-to-end expertise
NFC is a market proven, standardized technology co-invented by NXP and Sony in 2002. NXP is at the center of this ecosystem, fuelling its development by partnering with almost all major handset manufacturers, mobile OS providers and applications developers. NXP is the No. 1 supplier to the Identification market globally, and leverages its leadership in contactless and security technologies to provide complete Mobile Transactions solutions: NFC controllers, Secure Elements in all form factors, NFC tags and infrastructure reader ICs. Currently OEMs have selected NXP's NFC technology for more than 130 mobile devices.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI - News) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted revenue of $4.2 billion in 2011. Additional information can be found by visiting www.nxp.com.
This document includes forward-looking statements which include statements regarding our business strategy, financial condition, results of operations, and market data, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions, our ability to successfully introduce new technologies and products, the demand for the goods into which our products are incorporated, our ability to generate sufficient cash, raise sufficient capital or refinance our debt at or before maturity to meet both our debt service and research and development and capital investment requirements, our ability to accurately estimate demand and match our production capacity accordingly or obtain supplies from third-party producers, our access to production from third-party outsourcing partners, and any events that might affect their business or our relationship with them, our ability to secure adequate and timely supply of equipment and materials from suppliers, our ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly, our ability to form strategic partnerships and joint ventures and successfully cooperate with our alliance partners, our ability to win competitive bid selection processes to develop products for use in our customers' equipment and products, our ability to successfully establish a brand identity, our ability to successfully hire and retain key management and senior product architects; and, our ability to maintain good relationships with our suppliers. In addition, this document contains information concerning the semiconductor industry and our business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, our market segments and product areas will develop. We have based these assumptions on information currently available to us, if any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While we do not know what impact any such differences may have on our business, if there are such differences, our future results of operations and our financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, we do not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our SEC filings are available from on our Investor Relations website, http://www.nxp.com/investor or from the SEC website, http://www.sec.gov.