23B NFC chips will ship worldwide in 2020, report says

Manufacturing near field communication (NFC) chips is a good business to be in right now, as contactless mobile payments and the Internet of Things become major themes in technology during the next few years. A new study from Semico Research said 23 billion NFC chips will ship worldwide in 2020. NFC chips generate a short-range radio signal for the secure transmission of sensitive financial and authentication data.