Qualcomm Technologies have announced a definitive agreement to acquire Sequans’ 4G IoT technologies. Sequans, a provider of 4G and 5G semiconductor solutions for IoT, will transfer certain employees, assets, and licences as part of the deal. The acquisition is pending customary closing conditions, including approval from French regulatory authorities.
Qualcomm is at the forefront of revolutionising industries, reshaping business models, and enhancing user experiences with its IoT solutions. By leveraging connected intelligent Edge technologies, Qualcomm’s IoT offerings provide comprehensive, ready-to-deploy solutions that enable customers to digitally transform their operations, maximise data monetisation, innovate, and achieve cost efficiencies.
Sequans specialises in designing, developing, and supplying cellular semiconductor solutions tailored for massive and critical IoT markets. Integrating Sequans’ 4G IoT technologies into Qualcomm’s advanced end-to-end IoT solutions will bolster Qualcomm’s Industrial IoT portfolio, offering a strategic advantage.
“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. “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, optimised cellular connectivity for Industrial IoT applications.”
Under the terms of the agreement, Sequans will retain the rights to commercially use the acquired technology through a perpetual licence agreement, ensuring the company’s continued ability to expand its 4G business and further develop 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,” added 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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