Sunday 05 December 2021

NXP books higher turnover, profit

Laptop, tablet pc and smartphoneDutch 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.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.