NXP Reports Big Jump in NFC Sales on Shipments to Apple; Looks to China for Added Growth in NFC Business

Sales in NXP Semiconductor’s emerging ID business, which mainly includes its NFC chips, soared in the fourth quarter, growing by more than 200%, compared with the same period a year earlier, thanks mainly to the roll out of Apple Pay.

The Netherlands-based chip maker, which held a conference call today following release of its fourth quarter and year-end financial results late yesterday, is supplying NFC controllers and secure elements for all iPhone 6 and iPhone 6 Plus, along with the forthcoming Apple Watch.

The chip maker said Q4 emerging ID revenue also grew by 40% from the already high-level of sales in the third quarter of 2014, in which NXP recorded its first major shipments of NFC chips to Apple. Third quarter sales grew by 160%, compared with the same period a year earlier.