Richard L. Clemmer, the Executive Director, President and CEO of NXP Semiconductors N.V. (NXPI), Interviews with The Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - May 27, 2014 - The Wall Street Transcript has just published its Semiconductors Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Mobile Device Consumer Demand - Enterprise Data Storage Demand - Energy Efficiency, Cloud Computing and Telecommunications - Improvement from Cyclical Bottom - Semiconductor Capital Equipment Spending - Data Growth Trends - Semiconductor Revenues and Demand - Chinese Fabless Industry Growth

Companies include: NXP Semiconductors N.V. (NXPI)

In the following excerpt from the Semiconductors Report, the Executive Director, President and CEO and NXP Semiconductors N.V. (NXPI) discusses company strategy and the outlook for this vital industry:

TWST: When you look at the areas where you said that you're trying to focus your efforts, what are some of the design wins that you have had in those areas in recent months?

Mr. Clemmer: In our security business, we have a broad portfolio, everything with governments focused on digitization, whether it's passports - other than in the U.S., where the U.S. is kind of a laggard relative to digitization of government documents - but if you look at the other areas associated with that, they're moving much more broadly. But we continue to be a leader on the e-government side associated with it.

On banking, we have been very successful in ramping up contactless banking in China, where we work with China UnionPay relative to changing the banking cards to be much more secure and follow under the same kind of security as Europe with EMV - where there is a significant reduction of the fraud capability vis-a-vis the U.S., which is predominantly magstripe. So that ramp-up of China mobile banking is one of the most significant things affecting our revenue in the near-term.

And then as we move forward, the mobile wallet leadership position, we have an NFC implementation for the mobile wallet, where we expect to see some significant products rolled out in the second half of this year. That will really change the landscape on the mobile wallet and continue to maintain our leadership position in supplying the fundamental capability associated with that.

If you look at our automotive business, we are the leader in the mid and high-end car radios. We're now the technology provider of choice for ...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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