Topic: How To Invest

Pat: I would like to know your views on NXP Semiconductors. Thank you.

Article Excerpt

NXP Semiconductors NV, $101.31, symbol NXPI on Nasdaq (Shares outstanding: 230.8 million; Market cap: $23.3 billion; www.nxp.com), makes computer chips for a range of products, such as automotive components, wireless infrastructure, lighting, industrial technology, mobile devices and computers. Netherlands-based NXP is one of the world’s largest suppliers of near-field communication (NFC) chips. This technology lets devices that are close to one another transmit data—including financial transactions—securely. NXP’s shares have risen lately because Apple is using the company’s chips in its iPhone 6, iPhone 6 Plus and Apple Watch for its new wireless payment system, called Apple Pay. With this service, users add their credit card information to their phones. They can then use them to pay for goods at any tap-and-pay-enabled cash register and for some online purchases. To prevent fraudulent transactions, the phone will scan the user’s fingerprint to confirm their identity. NXP’s customers also include…