EINDHOVEN, Netherlands, May 7, 2015 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (Nasdaq:NXPI) today announced that its secure element, SmartMX (P61) has been selected for Samsung's flagship smartphone, the Galaxy S6, in China, the world's largest smartphone market, for mobile payment solutions. With the NXP embedded secure element, and NFC technology, SamsungPay enables contactless payment with security and data protection for end users.
"China, as the world's largest smartphone market, is a key region for our technology," said Jeff Miles, vice president of payments, NXP Semiconductors. "The NXP secure element, the only common criteria certified EAL6+ product for mobile applications, provides the highest level of data protection and encryption to end users, payment issuers, and smartphone manufacturers."
The Flash based P61N1M3 IC secure element is powered by the highly secured Smart MX2 technology and embeds the latest generation of JavaCard OS from NXP, enabling the broadest range of services including payment, transit and access control. The solution can be easily integrated on Android devices with the NXP secure element software suite.
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 application areas Connected Car, Security, Portable & Wearable and Internet of Things. NXP has operations in more than 25 countries, and posted revenue of $5.65 billion in 2014. Find out more at nxp.com.
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.
CONTACT: Europe: Martijn van der Linden +31 6 10914896 firstname.lastname@example.org Greater China / Asia: Esther Chang +886 2 8170 9990 email@example.com Americas: Hillary Cain +1 408 518 5227 firstname.lastname@example.org