Two technology innovators deliver all-in-one solution to enable
mobile device manufacturers to pre-validate mobile wallet and transit
services
(Mobile World Congress 2016) – NXP Semiconductors N.V.
(NASDAQ:NXPI) and Qualcomm Incorporated (NASDAQ:QCOM) through its
subsidiary, Qualcomm Technologies, Inc., today announced the integration
of industry-leading near field communication (NFC) and embedded secure
element (eSE) solutions across Qualcomm® Snapdragon™ 800, 600, 400 and
200 processor platforms. The end-to-end solution now includes
pre-validation of mobile transaction services including transit and
payment.
To support this increased demand for mobile transactions mobile device
suppliers face a challenge to scale up their solutions fast enough to
meet market needs. The NXP and Qualcomm Technologies collaboration
enables mobile device makers to accelerate their time to market, and
benefit from the strong growth in the mobile transactions industry.
In 2015, NXP and Qualcomm Technologies announced they entered a
strategic cooperation to accelerate adoption of NFC and security in
mobile, wearable and Internet of Things (IoT) devices. NFC and eSE
features are now pre-integrated as part of Qualcomm Technologies’
reference designs, allowing easy NFC integration for OEMs. And today’s
announcement expands this collaboration to technical pre-integration by
pre-validating transit services with Qualcomm Technologies’ reference
designs, with a special focus on the deployment of highly scalable
mobile transit solutions in the ten largest cities of China.
“NXP is supporting a rapidly growing number of OEMs and Chinese public
transport operators in major metropolitan areas like Shenzhen and
Guangdong with the deployment of secure, NFC-based mobile solutions,”
said Rafael Sotomayor, senior vice president of the secure mobile
transactions business line, NXP Semiconductors. “This new level of
convenience and security will help to grow the use of tap-and-pay for a
range of services in China and beyond. As a result of our collaboration
with Qualcomm Technologies we are now able to provide a best-in-class,
robust, fully tested and certified solution that can be easily designed
in, reducing time to market.”
“Combining NXP's advanced NFC and security expertise with our industry
leading Qualcomm Snapdragon processors, we are offering comprehensive,
cost-effective, and validated contactless payments and transit solutions
at scale to mobile OEMs and service providers in China,” said Cormac
Conroy, vice president of product management, Qualcomm Technologies,
Inc. “Expanding these offerings globally is the natural next step in
this positive relationship.”
At Mobile World Congress 2016 in Barcelona NXP will demonstrate
functional mobile transit ticketing using a Qualcomm Technologies’ QRD
platform (Hall 7 Stand 7E30).
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) enables secure connections and
infrastructure for a smarter world, advancing solutions that make lives
easier, better and safer. As the world leader in secure connectivity
solutions for embedded applications, NXP is driving innovation in the
secure connected vehicle, end-to-end security & privacy and smart
connected solutions markets. Built on more than 60 years of combined
experience and expertise, the company has 45,000 employees in more than
35 countries.
About Qualcomm Incorporated
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and
next-generation wireless technologies. Qualcomm Incorporated includes
Qualcomm’s licensing business, QTL, and the vast majority of its patent
portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm
Incorporated, operates, along with its subsidiaries, substantially all
of Qualcomm’s engineering, research and development functions, and
substantially all of its products and services businesses, including its
semiconductor business, QCT. For more than 30 years, Qualcomm ideas and
inventions have driven the evolution of digital communications, linking
people everywhere more closely to information, entertainment and each
other. For more information, visit Qualcomm’s website,
OnQ
blog, Twitter
and Facebook
pages.
Forward-looking Statements
This document includes forward-looking statements which include
statements regarding NXP’s business strategy, financial condition,
results of operations and market data, as well as other statements that
are not historical facts. By their nature, forward-looking statements
are subject to numerous factors, risks and uncertainties that could
cause actual outcomes and results to be materially different from those
projected. Readers are cautioned not to place undue reliance on these
forward-looking statements. Except for any ongoing obligation to
disclose material information as required by the United States federal
securities laws, NXP does not have any intention or obligation to
publicly update or revise any forward-looking statements after NXP
distributes this document, whether to reflect any future events or
circumstances or otherwise. For a discussion of potential risks and
uncertainties, please refer to the risk factors listed in NXP’s SEC
filings. Copies of NXP’s SEC filings are available from the SEC website, www.sec.gov.
NXP and the NXP logo are trademarks of NXP Semiconductors N.V. All other
product or service names are the property of their respective owners. ©
2016 NXP Semiconductors N.V.
Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated,
registered in the United States and other countries.
Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc.
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