Qualcomm to Acquire 4G IoT Technology from Sequans

The recent acquisition of 4G IoT technologies from Sequans by Qualcomm marks a significant development in the IoT industry. This acquisition involves the transfer of certain employees, assets, and licenses, pending approval from French regulatory authorities. Qualcomm, known for its innovative IoT solutions, aims to leverage Sequans' expertise to enhance its end-to-end IoT portfolio.

Qualcomm's IoT technologies are designed to harness the power of connected intelligent edge, providing customers with comprehensive solutions for digital transformation. By integrating Sequans' 4G IoT technologies into its offerings, Qualcomm is poised to establish a strong foothold in the IoT market, catering to diverse industry needs and driving operational efficiency.

Nakul Duggal, group general manager at Qualcomm Technologies, Inc., highlighted the strategic importance of this acquisition, stating, "Digital transformation relies on high-performance processing and intelligence at the edge, positioning Qualcomm for growth in the IoT space. The addition of Sequans' 4G IoT technology complements Qualcomm's existing portfolio, enabling us to deliver reliable cellular connectivity solutions for Industrial IoT applications."

Under the terms of the agreement, Sequans will retain the rights to commercially use the technology through a perpetual license agreement. This arrangement allows Sequans to focus on expanding its 4G business and advancing its 5G portfolio, ensuring continuity in its technological advancements and market presence.

Georges Karam, CEO of Sequans, expressed optimism about the acquisition, stating, "This agreement underscores the value of our 4G IoT technology and provides us with the resources to invest in our IoT business ambitions. We remain committed to innovation, delivering cutting-edge semiconductor solutions for AI-powered IoT applications, and expanding our market reach."