Qualcomm acquires Sequans IoT 4G technology

Qualcomm said in a statement on its official website that it will acquire Sequans Communications' 4G IoT technology through its subsidiary Qualcomm Technologies, Inc. and has reached a final agreement. The financial terms of the transaction have not been disclosed.

The acquisition includes certain employees, assets and licenses. The transaction is subject to customary closing conditions, including approval from French regulators.

Qualcomm is revolutionizing industries, redefining business models and enhancing user experience through its cutting-edge IoT solutions. Qualcomm IoT technologies and solutions use the real-world connected intelligent edge to provide end-to-end, ready-to-deploy solutions so that customers can digitally transform their businesses to optimize their operations, monetize large amounts of data, innovate in new ways and drive cost savings.

According to reports, Sequans was founded in 2003 and is a fabless semiconductor company that specializes in the design and development of chipsets and modules for Internet of Things (IoT) devices. It offers a wide range of 5G/4G cellular category products, including 5G NR, Cat 4, Cat 1 and LTE-M/NB-IoT, which can provide reliable IoT wireless connections without gateways. The company has mature expertise in low-power wireless devices, which is critical to supporting large-scale IoT applications running at low data rates.

Nakul Duggal, general manager of automotive, industrial and embedded IoT and cloud computing at Qualcomm Technologies, said: "Digital transformation is driven by high-performance processing and edge intelligence, and Qualcomm is expected to grow in one of the biggest potential opportunities. The acquisition of Sequans' 4G IoT technology expands Qualcomm's extensive product portfolio and further enhances our low-power solutions for enterprise customers, providing reliable and optimized cellular connections for industrial IoT applications."

Sequans will retain full rights to continue to use the technology commercially through a perpetual license agreement, supporting the company's ability to expand its 4G business and develop its 5G product portfolio.

“We are pleased to announce this important transaction with Qualcomm,” said Georges Karam, CEO of Sequans. “This agreement underscores the value of our 4G IoT technology and provides us with significant capital to continue to invest further in our IoT business. We are committed to pushing the boundaries of innovation to deliver cutting-edge 4G/5G semiconductor solutions that meet the evolving needs of AI-driven IoT applications. This transaction is expected to provide us with the resources and flexibility to enhance our product offerings and expand our market presence.”