NXP Brings Advanced Security to Banking and Secure Identity Contact Markets

EINDHOVEN, THE NETHERLANDS--(Marketwired - Nov 18, 2013) - NXP Semiconductors N.V. (NASDAQ: NXPI), the global leader in secure banking and eGovernment deployments, today launched its new SmartMX2-P40 platform of chip card microcontrollers for large-scale projects in the rapidly growing banking and electronic-Government (eGov) markets. Global concerns about identity theft, fraud and privacy continue to grow as individuals conduct their daily lives in an increasingly interconnected world, leading financial and governmental organizations to continuously augment their efforts to safeguard individual data. The SmartMX2-P40 has a new powerful RISC MRK3-SC core and meets common criteria EAL5+ level certification via NXP's world-renowned IntegralSecurity^™ architecture. Uncompromising on performance and security, the new platform has been optimized for mass market chip card projects, effectively balancing the provision of more secure cards with the overall project investment.

Chip cards, already extensively used in government ID cards, have become more pervasive in applications such as health cards and driving licenses as the overall cost of employing the technology has stabilized. At the same time, there is a constant need to introduce new protection measures to stay in line with evolving security requirements. NXP's SmartMX2-P40 offers dedicated co-processors for asymmetric RSA/ECC and symmetric DES/AES cryptography, and comes equipped with a certified hardware abstraction layer (HAL) and crypto library for fast time-to-market. An ISO/IEC 7816 contact interface ensures that the SmartMX-P40 can be used in existing chip card infrastructures.

"Even with a general trend towards contactless and dual-interface chip cards, the contact chip card Banking and eGovernment markets not only show a remarkable continuity, but are expected to significantly and consistently grow further," said Ulrich Huewels, senior vice president, business line secure card solutions, NXP Semiconductors. "Our new SmartMX2-P40 secure microcontrollers with advanced security features are dedicated to serving these high-volume applications and large scale projects."

Using an embedded secure microcontroller to safeguard data, chip cards have long been proven to drive down fraud and protect identity. To protect against identity theft, governments began issuing chip cards for identification, health insurance and social security purposes. In the financial sector, credit and debit chip cards have reduced fraud by over 70%. Well over five billion chip cards are now in circulation globally, the majority of which are contact only. The new SmartMX2-P40 complements the SmartMX family by providing a highly secure platform dedicated to the needs of contact smart card projects and their end customers.

The full benefits of SmartMX2-P40 will be introduced at the CARTES exhibition in Paris (Nov 19-21, 2013), where NXP will be showcasing trusted smart life solutions at booth 4N062. Product samples and demonstration boards are already available.

For more detailed information on the SmartMX2-P40 secure microcontrollers please visit
http://www.nxp.com/products/identification_and_security/smart_card_ics/smartmx2_p40/

About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) creates solutions that enable secure connections for a smarter world. Building on its expertise in High Performance Mixed Signal electronics, NXP is driving innovation in the automotive, identification and mobile industries, and in application areas including wireless infrastructure, lighting, healthcare, industrial, consumer tech and computing. NXP has operations in more than 25 countries, and posted revenue of $4.36 billion in 2012. Find out more at www.nxp.com.

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