NXP, the semiconductor company founded by Philips, has unveiled what it calls the world's first near field communication controller. The goal is to deliver a compliant platform for handset manufacturers and operators to introduce next generation NFC devices and services.
The NXP PN544 chip is based on the latest NFC specifications sanctioned by the European Telecommunications Standard Institute (ETSI). It will enable mobile phone users to access a new range of contactless applications such as mobile payments, transport and event ticketing as well as data sharing directly from the mobile phone SIM (Subscriber Identity Module) for improved on-the-go experience.
The wearables space is wide open and exploding with opportunity, but that comes with design and sourcing issues, which some believe could be alleviated in part by the strength of the maker community and an open-source approach to this segment.