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Technology Stocks : NXP Semiconductor

NXPI 209.12

+1.3%

Oct 31 9:30 AM EST

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From: JakeStraw	6/16/2011 1:47:35 PM
	of 78

Sony Ericsson Selects NXP's NFC Solution for Its Android-Based Smartphones finance.yahoo.com "This latest move from Sony Ericsson is another proof point of the strong momentum and potential of NFC," said Rick Clemmer, president and CEO, NXP Semiconductors. "Based on continued strong customer endorsements we have the opportunity to increase the sales of our NFC products 2-4 times as a percentage of total NXP revenue in the second half of 2011 from the approximately one percent it represents today. NFC offers a game-changing opportunity for mobile phone manufacturers to provide creative and innovative smartphones to their customers."

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