NXP Cements Position as Global Leader for Secure Payment Card ICs
Eindhoven, Netherlands, September 24, 2014 (PRWEB) September 24, 2014 -- NXP Semiconductors N.V. (NASDAQ: NXPI), today received further confirmation of its leadership in the market for secure ICs in payment cards. Industry analyst ABI Research reports that NXP had 50% market share in shipped units for 2013, rising from 32% in 2012. In its recent report, ‘Payment and Banking Card Contactless Technologies – 2014,’ ABI Research, providers of in-depth analysis and quantitative forecasting of trends in global connectivity, reported that NXP moved in to a clear market leading position in 2013.
In last year’s report, NXP’s market share was on level terms with its closest competitor during 2012. The report for 2013 now shows that NXP has taken a decisive lead over rival manufacturers, with 18.5% more market share than its closest competitor. NXP has also increased its lead over all other players named in the report.
This announcement follows a report earlier this year from IHS which also described how NXP had gained a significant lead over competitors in this industry. The figures from ABI Research’s report represent the use of secure integrated circuits used in the production of credit and debit ‘smart cards’, featured as part of a report looking at the state of the worldwide payment card market.
“We are pleased to have our clear leadership in the Payments market recognised by two well respected analyst firms. NXP is committed to enabling secure connections for a smarter world, and shipping over 1 Billion in 2013 alone was a great achievement,” said Brintha Koether, Payments Director, NXP Semiconductors. “NXP continuously pushed the boundaries of innovation and security to ensure that personal data is always protected. We focus on staying ahead by developing best-in-class solutions for the evolving payment market.”
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 $4.82 billion in 2013. Find out more at http://www.nxp.com.
Martijn van der Linden, NXP Semiconductors, http://www.nxp.com, +31 610914896, [email protected]
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