Best Apple Stocks – NXP Semiconductors (NXPI)
What It Supplies APPL: Chips that provide sensors for functions like the gyroscope, compass and even the new fingerprint system on the Apple iPhone 5.
NXP Semiconductors (NXPI) is not a typical Silicon Valley chip operator. Instead, the company got its start back in 1953 in Nijmegen, Netherlands. But NXPI has since become one of the largest semiconductor companies, and has also recently made great strides in becoming a prominent member of the family Apple stocks.
Then again, this shouldn’t be surprising considering NXP Semiconductors plows huge amounts into R&D and has over 10,000 patents. Plus, NXPI also controls a big footprint in Europe. Oh, and there is also lots of business in China. That’s good news because, when it comes to being a part of the family of Apple stocks, having a global presence is important.
NXPI also has lots of experience with technologies for in-car networking, connected TVs and mobile payments — all of which should be secular growth drivers. In other words, it is good bet that NXPI will be one of the top Apple stocks and suppliers for some time.
Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.