Report: NXP To Supply Apple With Mobile Payment Chips

NXP Semiconductors NV

gained 3 percent in pre-market trading Friday on a report it's providing wireless chips to the Apple iPhone 6, enabling a mobile payment system. The Netherlands-based semiconductor company makes so-called Near Field Communications chips that smart phones use to communicate with merchants' point-of-sale transaction terminals and other near-by devices. The Financial Times reported Thursday that NXP is a supplier of the devices for e Apple Inc.'s

latest phone, expected to launch Sept. 9. The newspaper cited unnamed sources and said both companies declined comment. http://www.ft.com/cms/s/0/ee42ad02-2f32-11e4-afe4-00144feabdc0.html#axzz3BmjrH34g WIred Magazine reported Thursday that the phones will include the chips but didn't mention suppliers. Recode.net's John Paczowski quipped, "No, it won't be called PayPhone." http://recode.net/2014/08/28/codered-insert-bad-iphone-charger-pun-here/ NXP changed hands in pre-market trading recently at$ 69.07 a share, up 3.15 percent.