NXP Semiconductor (NXPI -0.65%) CEO Rick Clemmer is optimistic that 2013 will be the year that near-field communications, or NFC, takes off. As the leading supplier of NFC chips, NXP has been waiting for this trend to gain meaningful traction. Clemmer even believes his company will outpace the broader market by 50%. Google (GOOGL -1.51%) sparked the interest recently in using NFC for mobile payment solutions, but the technology faces a chicken-and-egg problem among merchants and consumers. Apple (AAPL 0.53%) has decided not to use NFC in the iPhone 5, which some industry watchers were hopeful of since that would have catalyzed further adoption. Even if NFC starts gaining ground, competitors like Skyworks Solutions (SWKS 0.13%) could cross-sell to Apple for NFC wins.
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Is 2013 Finally NXP Semiconductor's Year to Ride NFC?
NASDAQ: NXPI
NXP Semiconductors

One can always dream.
Fool contributor Evan Niu, CFA, owns shares of Apple. The Motley Fool owns shares of Apple and Google. Motley Fool newsletter services recommend Apple, Google, and NXP Semiconductors . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned




*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Related Articles





Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.