Sequans Communications, a provider of 4G and 5G semiconductor solutions for the Internet of Things (IoT) sector, and Qualcomm Incorporated, through its subsidiary Qualcomm Technologies, Inc., have announced a definitive agreement for Qualcomm to acquire Sequans’ 4G IoT technologies.
The deal includes specific employees, assets, and licenses, and is subject to standard closing conditions, including approval from French regulatory authorities.
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Sequans Communications, known for its cellular semiconductor solutions for large-scale and critical IoT markets, will enhance Qualcomm’s IoT portfolio with its 4G IoT technologies. This integration strengthens Qualcomm’s Industrial IoT offerings and positions it to lead in the evolving IoT landscape.
Qualcomm is transforming industries and business models with its advanced IoT solutions, which leverage connected intelligent edge technology to deliver comprehensive, ready-to-deploy solutions. These innovations enable customers to digitally transform their operations, harness extensive data, drive innovation, and achieve cost savings.
“Digital transformation is being driven by high-performance processing and intelligence at the edge, positioning Qualcomm for growth in one of the largest addressable opportunities,” said Nakul Duggal, Group General Manager, Automotive, Industrial and Embedded IoT, and Cloud Computing, Qualcomm Technologies, Inc. “This acquisition of Sequans’ 4G IoT technology adds to Qualcomm’s broad portfolio, further strengthening our offerings across enterprise customers of low-power solutions for reliable, optimized cellular connectivity for Industrial IoT applications.”
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Sequans will retain full commercial rights to the technology through a perpetual license agreement, enabling the company to continue growing its 4G business and advancing its 5G portfolio.
“We are excited to announce this important transaction with Qualcomm. This agreement underscores the value of our 4G IoT technology and provides us with significant capital to continue to further invest in our IoT business ambitions,” said Georges Karam, CEO of Sequans. “We are dedicated to pushing the boundaries of innovation and providing cutting-edge 4G/5G semiconductor solutions that meet the advancing needs of AI-powered Internet of Things applications. This transaction is expected to provide us the resources and flexibility to enhance our product offerings and expand our market presence.”
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