Qualcomm Acquires Sequans’ 4G IoT Technology: Strengthening Industrial IoT Portfolio

Qualcomm and Sequans Reach Agreement on Sale of 4G IoT Technology

In a strategic move to strengthen its Industrial IoT portfolio, Qualcomm Incorporated, a global leader in high-performance low-power solutions, has announced the acquisition of Sequans Communications S.A.’s 4G IoT technologies. This agreement includes certain employees, assets, and licenses, with the transaction subject to customary closing conditions.

The acquisition of Sequans’ 4G IoT technologies will expand and accelerate Qualcomm’s leadership position in digital transformation at the edge, offering low-power solutions for reliable cellular connectivity in IoT applications. This move will further enhance Qualcomm’s end-to-end IoT solutions, enabling customers to optimize operations, monetize data, innovate, and drive cost savings.

Sequans, a supplier of cellular semiconductor solutions for IoT markets, will retain full rights to continue using the technology commercially through a perpetual license agreement. This agreement will support Sequans in expanding its 4G business and developing its 5G portfolio, ensuring the company’s ability to meet the evolving needs of AI-powered IoT applications.

Georges Karam, CEO of Sequans, expressed excitement about the transaction, highlighting the value of their 4G IoT technology and the capital infusion it provides to further invest in their IoT business ambitions. This agreement is expected to give Sequans the resources and flexibility to enhance product offerings and expand market presence, driving innovation in the IoT semiconductor space.

Overall, the partnership between Qualcomm and Sequans marks a significant step in advancing IoT technologies and solutions, paving the way for enhanced connectivity, efficiency, and innovation in the rapidly evolving IoT landscape.