BEIJING, May 10, 2017 (GLOBE NEWSWIRE) — NXP Semiconductors (NASDAQ:NXPI) today announced that the China Office of State Commercial Cryptography Administration (OSCCA) awarded it with a certificate to become a designated producer of commercial cipher products. This certificate marks NXP as the first, and currently only, approved foreign-based semiconductor company to be awarded authorization to develop and produce certified cryptography products in China.
The certificate reinforces NXP’s strong track record, leadership in information security, and recognizes the Company’s expertise in developing products in various fields where security and confidentiality are paramount, including financial payment, mobile communications, Internet of Things (IoT), smart homes and automotive electronics.
Officials from OSCCA Shanghai hailed the move as a major step forward, showing the Chinese government’s commitment to develop security for the smart electronics industry. Authorities welcomed NXP as the latest member of China’s certified commercial cryptography producers, and expect the Company to abide China’s business regulations and laws, and to support and improve the country’s information security.
“NXP is honored and extremely proud to receive this important certificate,” said Rafael Sotomayor, senior vice president and general manager of the smart transactions and identity business line at NXP, “China has always been an important market for us, and we are committed to providing Chinese customers with innovative solutions in the field of IoT and security. We will continue to focus in security innovation to meet the increasing demands of the local market and to support China achieve greater information security.”
“Acquiring this certificate is an important milestone in NXP’s development in China,” said NXP global senior vice president and president of greater China, Li Zheng. “NXP has more than 30 years of commitment to the China market, guided by our belief of Innovation for Technology, Collaboration for Partnership. We have worked with a wide range of Chinese industry leaders, sharing our insights and experience, developing products best-suited for the China market, and have helped train local talent. Looking to the future, we will continue to increase investment in R&D as we strive to provide more innovative products that can strengthen information security in the era of IoT.”
The Office of the State Commercial Cryptography Administration (OSCCA) is the central government administrative body that issues and regulates commercial cryptography certificate products in China. The administration maintains a research institute, cryptographic analysis and evaluation center and chip labs. The research institute is responsible for important scientific research tasks and serves the Party and government organs at all levels. The cryptographic analysis and evaluation center is a national cryptographic testing institution engaged in analysis, testing and comprehensive evaluation of cryptographic and cryptographic equipment. The chip labs undertake the task of researching important national ASICs.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 31,000 employees in more than 33 countries and posted revenue of $9.5 billion in 2016. Find out more at www.nxp.com.
NXP and the NXP logo are trademarks of NXP B.V. All other product or service names are the property of their respective owners. All rights reserved. © 2017 NXP B.V.
For more information, please contact: Americas Tate Tran Tel: +1 408-802-0602 Email: [email protected] Europe Martijn van der Linden Tel: +31 6 10914896 Email: [email protected] Greater China / Asia Esther Chang Tel: +886 2 8170 9990 Email: [email protected] Source: NXP