Intel and Inside create NFC chips

Chipzilla has signed a pact with Inside Secure which will enable the US chipmaker to turn out processors that let mobile gadgets act as secure wallets.

Under the deal Intel gets access to software and hardware technology at Inside which specialises in near-field communications (NFC).

Intel can use the technology to create chips that securely exchange data wirelessly at short range.

Intel mobile wireless group vice president Aicha Evans said that NFC was becoming popular in many markets as one of the most convenient ways to use consumer electronic devices for payments and retail commerce transactions.

It is not clear what Inside is getting out of it. We think cold hard cash might be involved as the partnership is not talking about the financial terms of the agreement. It is also not showing off any designs as to ways that the chips can be used in products either.

Intel and Inside are talking about coming up with a third generation NFC chip which can be better integrated

SecuRead uses Inside’s MicroRead NFC controller with a high-performance secure element and a GlobalPlatform-compliant Java Card operating system. Both products will be integrated with Inside’s Open NFC protocol stack.