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The company is said to be number two in the market for NFC chips behind NXP Semiconductor BV (Eindhoven, The Netherlands), which recently boasted that it was the chip vendor behind Google’s announcement of mobile payment services on the Android mobile phone platform.
However, Inside Secure is likely to be also profiting from interest in NFC chips. Inside Secure has a contract to supply Research in Motion with 20 million to 25 million NFC chips for BlackBerry’s that will support near field communications, according to an NFC Times report. Inside Secure is trying to fight back against early design wins for NXP with Samsung and Nokia, the report said. This RIM order is part of a backlog worth $22 million at the end of 1Q11, according to another NFC Times report.