Earlier, FBR commented on the impact the highly-anticipated iPhone 5 will have on various chip suppliers. While interesting on many levels, traders have a keen focus on one situation – NXP Semiconductors NV (Nasdaq: NXPI).
NXP Semiconductors is the leader in chips for near field communication (NFC), or the technology that allows mobile payments with a swipe of a phone or other device.
Speculation has been abound for years that Apple would introduce NFC functionality in earlier versions of the iPhone, but too date those hopes have been dashed. Now though – with the iPhone 5 – the predictions may finally come to fruition.