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NXP Powers NFC in the Samsung GALAXY S III(Marketwire Via Acquire Media NewsEdge) EINDHOVEN, THE NETHERLANDS -- (Marketwire) -- 05/14/12 -- Today, NXP Semiconductors N.V. (NASDAQ: NXPI) announced that its PN65 Mobile Transactions solution will power the Samsung GALAXY S III bringing a new concept of human-centric mobile experience. The highly anticipated Samsung GALAXY S III is the successor of the best-selling Samsung GALAXY S II. Samsung, the largest smart phone maker in the world, continues to release revolutionary products that are re-defining user experiences. The Samsung GALAXY S III engages mobile users with a brilliant 4.8 inch display, a remarkable 8MP camera and incredibly lightning-speed fast quad-core processor. For robust NFC functionality worthy of high volume flagship smart phones like the breakthrough GALAXY S III, NXP remains the partner of choices. Powered by Google's Android™ 4.0 Ice Cream Sandwich operating system, the powerful Samsung GALAXY S III supports secure NFC applications, such as wallets being launched by mobile network operators, card associations and others such as Google's Wallet. Additionally NXP's award winning PN65 delivers best in class performance and seamless interoperability with various mobile use cases such as payment, transportation, access control and NFC tag reading largely based on NXP's contactless reader IC technology. "We are in the midst of a golden era of mobile and Samsung continues to set the bar with coveted products like the GALAXY S III," said Henri Ardevol, vice president and general manager, secure transactions with NXP Semiconductors. "Samsung's flagship phones require flagship-worthy NFC solutions and NXP is proud to support Samsung on its GALAXY S line. We eagerly look forward to the extraordinary mobile experiences the GALAXY S III will deliver including those enabled by NFC." NFC is a market proven, standardized technology co-invented by NXP and Sony in 2002. NXP is at the center of this ecosystem, fuelling its development by partnering with almost all major handset manufacturers, mobile OS providers and applications developers. NXP is the number one supplier to the Identification market globally, and leverages its leadership in contactless and security technologies to provide complete Mobile Transactions solutions: NFC controllers, Secure Elements in all form factors, NFC tags and infrastructure reader ICs. Currently OEMs have selected NXP's NFC technology for more than 130 mobile devices. Links NXP NFC Samsung GALAXY S III About NXP SemiconductorsNXP Semiconductors N.V. (NASDAQ: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted revenue of $4.2 billion in 2011. Additional information can be found by visiting www.nxp.com. Forward-looking StatementsThis document includes forward-looking statements which include statements regarding our business strategy, financial condition, results of operations, and market data, as well as any other statements which 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. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions, our ability to successfully introduce new technologies and products, the demand for the goods into which our products are incorporated, our ability to generate sufficient cash, raise sufficient capital or refinance our debt at or before maturity to meet both our debt service and research and development and capital investment requirements, our ability to accurately estimate demand and match our production capacity accordingly or obtain supplies from third-party producers, our access to production from third-party outsourcing partners, and any events that might affect their business or our relationship with them, our ability to secure adequate and timely supply of equipment and materials from suppliers, our ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly, our ability to form strategic partnerships and joint ventures and successfully cooperate with our alliance partners, our ability to win competitive bid selection processes to develop products for use in our customers' equipment and products, our ability to successfully establish a brand identity, our ability to successfully hire and retain key management and senior product architects; and, our ability to maintain good relationships with our suppliers. In addition, this document contains information concerning the semiconductor industry and our business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, our market segments and product areas will develop. We have based these assumptions on information currently available to us, if any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While we do not know what impact any such differences may have on our business, if there are such differences, our future results of operations and our financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, we do not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute 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 our SEC filings. Copies of our SEC filings are available from on our Investor Relations website, http://www.nxp.com/investor or from the SEC website, http://www.sec.gov. Source: NXP Semiconductors |