NXP Secures Over Two Billion Payment and Government ID Cards With SmartMX

NXP Secures Over Two Billion Payment and Government ID Cards With SmartMX 
SmartMX(TM) Technology From NXP Semiconductors Ensures Complete
Identity Protection 
EINDHOVEN, THE NETHERLANDS -- (Marketwired) -- 09/23/13 --  NXP
Semiconductors N.V. (NASDAQ: NXPI) today announced that it has
shipped over two billion SmartMX(TM) secure microcontroller chips to
the growing chip-enabled payment and government identity card
markets. The increasing adoption of contactless and dual interface
payments cards in the financial sector and the increasing trend to
issue electronic government documents means that security chips are
being used more than ever to protect personal information and data.  
With digital identity theft concerns at an all-time high, SmartMX
technology from NXP ensures that personal information kept on banking
cards, e-passports or national ID cards is always protected. Built on
NXP's IntegralSecurity(TM) process, SmartMX products have over 100
advanced features for attack protection and have achieved Common
Criteria Evaluation Assurance Level (CC EAL) 6+ certification, one of
the world's most trusted and robust security profiles. In the never
ending race to offer advanced security protection, NXP continues to
innovate and incorporate the latest technology to safeguard
information. Future NXP SmartMX secure microcontrollers will feature
PUF (Physically Unclonable Function) technology from Instrinsic-ID.
PUF safeguards individual chips from data theft by using a unique
'fingerprint' to protect the encryption key, therefore making the
device extremely hard to clone and reverse-engineer. 
"The advancements made in digital government and contactless payment
cards over the years have been remarkable. For NXP, reaching the 'two
billion shipped' milestone for our SmartMX security chips clearly
demonstrates the trust institutions and governments globally place in
NXP to provide convenient and secure interactions," said Ulrich
Huewels, vice president and general manager, secure card solutions,
NXP Semiconductors. "These organizations offer individuals peace of
mind in our increasingly complex, open and connected world. It's
imperative that we continue to develop best-in-class, innovative
solutions that keep personal data safe." 
Serving banks all over the world, fr
om Shanghai to London and New
York to Berlin, NXP's SmartMX secures transactions on over one third
of the chip-based payment cards in circulation. Just over three
billion chip cards are used today and in the coming years it will
increase to over two billion magnetic stripe cards, currently the
most widely used type of credit card, migrating to chip-based or
contactless credit cards. This aggressive migration is primarily
driven by the implementation of the People's Bank of China (PBOC) IC
card standard in China and the roll out of EMV-based banking cards in
the United States. In addition to security, the convenience of tap
and pay offered by contactless chip cards is driving the increasing
adoption of dual-interface cards. Such cards can be used in both
contactless applications as well as in contact terminals like ATMs.
Contactless payment cards also provide improved efficiencies in the
payment process, with transaction times of less than 300ms.  
NXP's SmartMX products are also the core component in a wide variety
of digital identity schemes and are deployed in close to 100
countries implementing government electronic ID programs. Used in
many sovereign electronic documents such as ePassports, citizen
cards, national ID cards, driving licenses, social security cards
and, health cards, SmartMX-based solutions protect citizens from
identity theft and reduce fraud via the products' world class
security features. Responding to the increasing pressure for
effective online public administration processes and improved
efficiencies, many governments consider electronic ID cards as the
perfect solution, enabling citizens to securely and conveniently
engage as needed. Electronic ID cards have become a prerequisite for
an open and connected world where private and public businesses
prosper. 
About NXP Semiconductors
 NXP Semiconductors N.V. (NASDAQ: NXPI)
creates solutions that enable secure connections for a smarter world.
Building on its expertise in High Performance Mixed Signal
electronics, NXP is driving innovation in the automotive,
identification and mobile industries, and in application areas
including wireless infrastructure, lighting, healthcare, industrial,
consumer tech and computing. NXP has operations in more than 25
countries, and posted revenue of $4.36 billion in 2012. Find out more
at www.nxp.com.  
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. 
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For further press information, please contact:
NXP Semiconductors
Global: 
Eureka Endo 
+44 795 828 7483
eureka.endo@nxp.com 
NA: 
Hillary Cain
+1 408 518 5227
hillary.cain@nxp.com  
GC : 
Jannet Chen
+86 21 22055883 
jannet.chen@nxp.com 
APAC: 
Preeti Gupta
+65 6603 9022
preeti.gupta@text100.com.sg 
 
 
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