Better Buy: Impinj vs. NXP Semiconductors

Many industries use radio-frequency identification (RFID) tags to track objects. Retailers use RFID tags to track inventories and consumer shopping trends, companies use them in security passes, and logistics companies use them to track cargo. That's why the global RFID market is projected to grow at a compound annual growth rate of 7.4% between 2017 and 2025 into a $31.9 billion market, according to Kenneth Research.

The growth of that market could benefit Impinj (NASDAQ: PI) and NXP Semiconductors (NASDAQ: NXPI). Impinj is a small-cap company that sells RFID chips and their accompanying readers and services. NXP, one of Europe's largest chipmakers, sells RFID chips and devices through its Internet of Things (IoT) unit.

Image source: Getty Images.

Continue reading

Source Fool.com