NXP and Qualcomm Expand Collaboration to Enable Mobile Transit in Snapdragon-Based Phones

Two technology innovators deliver all-in-one solution to enable mobile device manufacturers to pre-validate mobile wallet and transit services

BARCELONA, Spain — (BUSINESS WIRE) — February 21, 2016(Mobile World Congress 2016) – NXP Semiconductors N.V. (NASDAQ: NXPI) and Qualcomm Incorporated (NASDAQ: QCOM) through its subsidiary, Qualcomm Technologies, Inc., today announced the integration of industry-leading near field communication (NFC) and embedded secure element (eSE) solutions across Qualcomm® Snapdragon™ 800, 600, 400 and 200 processor platforms. The end-to-end solution now includes pre-validation of mobile transaction services including transit and payment.

To support this increased demand for mobile transactions mobile device suppliers face a challenge to scale up their solutions fast enough to meet market needs. The NXP and Qualcomm Technologies collaboration enables mobile device makers to accelerate their time to market, and benefit from the strong growth in the mobile transactions industry.

In 2015, NXP and Qualcomm Technologies announced they entered a strategic cooperation to accelerate adoption of NFC and security in mobile, wearable and Internet of Things (IoT) devices. NFC and eSE features are now pre-integrated as part of Qualcomm Technologies’ reference designs, allowing easy NFC integration for OEMs. And today’s announcement expands this collaboration to technical pre-integration by pre-validating transit services with Qualcomm Technologies’ reference designs, with a special focus on the deployment of highly scalable mobile transit solutions in the ten largest cities of China.

“NXP is supporting a rapidly growing number of OEMs and Chinese public transport operators in major metropolitan areas like Shenzhen and Guangdong with the deployment of secure, NFC-based mobile solutions,” said Rafael Sotomayor, senior vice president of the secure mobile transactions business line, NXP Semiconductors. “This new level of convenience and security will help to grow the use of tap-and-pay for a range of services in China and beyond. As a result of our collaboration with Qualcomm Technologies we are now able to provide a best-in-class, robust, fully tested and certified solution that can be easily designed in, reducing time to market.”

“Combining NXP's advanced NFC and security expertise with our industry leading Qualcomm Snapdragon processors, we are offering comprehensive, cost-effective, and validated contactless payments and transit solutions at scale to mobile OEMs and service providers in China,” said Cormac Conroy, vice president of product management, Qualcomm Technologies, Inc. “Expanding these offerings globally is the natural next step in this positive relationship.”

At Mobile World Congress 2016 in Barcelona NXP will demonstrate functional mobile transit ticketing using a Qualcomm Technologies’ QRD platform (Hall 7 Stand 7E30).

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 45,000 employees in more than 35 countries.

About Qualcomm Incorporated

Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.

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.

NXP and the NXP logo are trademarks of NXP Semiconductors N.V. All other product or service names are the property of their respective owners. © 2016 NXP Semiconductors N.V.

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