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Qualcomm announced that it has acquired the 4G IoT technology of Sequans, a supplier of 4G and 5G semiconductor solutions for the Internet of Things, through its subsidiary, Qualcomm Technologies, Inc., a high-performance, low-power solutions provider.The acquisition includes certain employees, assets and licenses and is subject to customary closing conditions, including French regulatory approvals.

Qualcomm is revolutionizing industries, redefining business models and enhancing user experiences through its cutting-edge IoT solutions. Qualcomm IoT technologies and solutions leverage the connected intelligent edge of the real world 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.

Sequans is a designer, developer and supplier of cellular semiconductor solutions for high-volume and critical IoT markets.The addition of Sequans’ 4G IoT technology to Qualcomm’s advanced end-to-end IoT solutions will enhance Qualcomm’s Industrial IoT portfolio and provide a unique opportunity to establish leadership in this space.

“Digital transformation is driven by high-performance processing and edge intelligence, and Qualcomm is well positioned to grow in one of the largest potential opportunities,” said Nakul Duggal, general manager of automotive, industrial and embedded IoT and cloud computing at Qualcomm Technologies. “The acquisition of Sequans’ 4G IoT technology expands Qualcomm’s broad portfolio and further enhances our low-power solutions for enterprise customers, providing reliable, optimized cellular connectivity 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.”