• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Connected Car, IoT Emerge as Key Revenue Drivers in NXP Fiscal Update

February 8, 2018

Emerging opportunities in the automotive and connected devices markets have been key driving forces in NXP Semiconductor’s business over the past year, and are likely to grow in importance going forward, suggest the company’s Q4 and full-year results for 2017.Connected Car, IoT Emerge as Key Revenue Drivers in NXP Fiscal Update

The company’s revenues for the quarter came in at $2.46 billion, up one percent year-over-year; for the full year, revenues came in at $9.26 billion, reflecting a decline of three percent year-over-year. But NXP’s automotive group saw Q4 revenues of $970 million, up 12 percent year-over-year; and its full-year performance entailed revenues of $3.76 billion, up 11 percent against 2016.  The strong performance appears to reflect the growing activity in the nascent connected car and smart car market, where IT solutions like those offered by NXP play an increasingly important role.

Much the same can be said of the emerging Internet of Things: For 2017, revenues for NXP’s Secure Connected Device group were up 21 percent, at $2.59 billion; and its Q4 saw a year-over-year jump of 31 percent, with revenues at $745 million.

The main drag on the company’s overall performance, meanwhile, was its Secure Identification Solutions group, which saw a 29 percent year-over-year decline. In a statement announcing its results, NXP said the division’s poor performance was “due to ongoing weakness in the global bank-card and government identification markets”.

Looking ahead, the focus will very much be on what are now emerging as NXP’s core strengths – and a major transaction aimed at strengthening them. As NXP CEO Richard Clemmer explains, Qualcomm’s acquisition of NXP “is critical to supporting our customers’ long term requirements in both autonomous driving and secure IoT given our complimentary product portfolios, Qualcomm’s strength in connectivity and high end processing and the difficulty of organically building leadership solutions.” Clemmer added, “We are working diligently to close our transaction in early 2018.”

Filed Under: Industry News

Related News & Articles

World Cup Analysis from Visa Shows Consumer Shift to Contactless Payments

Appdome Joins Microsoft Intelligent Security Association

HID Global Provides Credentialing Tech for Metal Mine in Mexico

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • HID Attains Anti-Spoofing Milestone With Lumidigm Fingerprint Biometrics
  • The Path to Biometric Universal Basic Income: Worldcoin Raises $115M in Series C Funding
  • Kenyan Officials Detail Ambitious Digital ID Plan
  • IDEMIA Brings Mobile ID to Missouri
  • Selfie-based Age Verification Emerges as Important New Digital Identity Market

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld