Qualcomm acquires 4G IoT technology from Sequans in major deal

Qualcomm Technologies and Sequans Communications announced that they have entered into a definitive agreement under which Qualcomm will acquire Sequans’ 4G IoT technologies. The acquisition includes certain employees, assets and licenses. The transaction is subject to customary closing conditions, including approval by French regulatory authorities.

Sequans is a designer, developer and supplier of cellular semiconductor solutions for mass and mission-critical IoT markets. The addition of Sequans’ 4G IoT technology to Qualcomm’s advanced end-to-end IoT solutions will strengthen Qualcomm’s industrial IoT portfolio and provide a unique opportunity to build a leadership position in this space.

5G Industrial Metaverse

Sequans will retain full rights to continue commercial exploitation of this technology under a perpetual license agreement, allowing it to expand its 4G business and build out its 5G portfolio.

Nakul Duggal, Group General Manager, Automotive, Industrial, Embedded IoT and Cloud Computing, Qualcomm Technologies

Digital transformation is being driven by high-performance computing and intelligence at the edge, positioning Qualcomm for growth in one of the largest addressable opportunities. This acquisition of Sequans’ 4G IoT technology extends Qualcomm’s broad portfolio, further strengthening our offering to enterprise customers of low-power solutions for reliable, optimized cellular connectivity for Industrial IoT applications.

Georges Karam, CEO, Sequans

We are pleased 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 investing in our IoT business ambitions. We are committed to pushing the boundaries of innovation and delivering cutting-edge 4G/5G semiconductor solutions that meet the growing 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.