Dutch semi-conductor maker NXP on Thursday announced turnover up 17% to $5.6bm and profit up 55% to $539m in 2014.
The growing use of smartphones for payment in shops and restaurants saw a growth of 37% over the year to $1bn in the secure connected devices division. This division makes secure chips for the Apple payment system in the iPhone 6 and 6 Plus.
NXP is working with Chinese smartphone makers to provide secure chips for Android manufacturers who are planning to launch smartphones with a pay application.
NXP, which employs 24,000 people, also makes chips for mobile transmitters, passports and entry door cards.
DutchNews.nl has been free for 12 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch.
Donate via Ideal, credit card or Paypal.