Semiconductor companies enabling the IoT market.
Photo source: Michaelkriekm, Wikipedia
Netherlands-based NXP’s strength lies in chips related to LED lamps including GreenChip technology that aims to make lighting more energy efficient and smarter, according to Jim Tully, VP distinguished analyst for semiconductors at Gartner.
He told CBR: "It has particularly widely used technology associated with controlling LED lamps including the wireless protocols associated with controlling those lamps from light switches or from the smartphone among other controllers.
"Because LED lighting is going to be such an important part of the Internet of Things, the single biggest category, then it’s a good position to be in."
NXP has also been focusing on healthcare and energy management, which Tully believes are emerging as one of the early adopters of the IoT.
"Things like home energy management – that’s where LED lamps fit. People will install LED lights because they will save energy costs. We spend so much money on energy and heating bills that everyone is very concerned, both individuals and government, about reducing energy usage," explains Tully.
"NXP has been very successful at being at the centre of these energy management types of solutions of which lighting is actually a part."