NXP Key Partnerships for IoT
On May 5, 2015 NXP made two important announcements. NXP is partnering with Xiaomi to make smart home products. In a separate announcement, Qualcomm will use NXP’s NFC and embedded secure element technology across the Snapdragon processor family.
Xiaomi is a fast growing Chinese consumer electronics firm. It is offering the Xiaomi Smart Home Suite which includes four wireless products: a motion sensor, door and window sensors, a wireless switching device for controlling appliances, and a multifunctional gateway that wirelessly links all the components together using ZigBee Wi-Fi interconnectivity.
Qualcomm and NXP are looking to expand NFC into new markets outside of smartphones, such as consumer electronics, automotive, home automation, smart appliances, personal computing and wearables.
NXP has been deeply involved with the Internet of Things (IoT) since it first emerged. Partnering with Xiaomi will help develop the more effective Smart Home IoT. Semico has forecasted that by 2020 there will be 36 billion connected devices worldwide. About half of these will be in smart home applications and the largest market will be in China. NXP is positioning itself for this trend.