Qualcomm agrees to acquire 4G IoT technology from Sequans

Qualcomm announced the signing of a definitive agreement to acquire 4G Internet of Things (IoT) technology from Sequans Communications.

The acquisition includes certain employees, assets and licenses, although financial terms were not disclosed.

Sequans specializes in the design, development and supply of semiconductor solutions for cellular applications in large-scale and mission-critical IoT markets.

The integration of Sequans’ 4G IoT technologies with Qualcomm’s end-to-end IoT solutions is expected to enhance the latter’s industrial IoT portfolio and strengthen its presence in the sector.

Under the terms of the agreement, Sequans will retain the right to use the technology for commercial purposes through a perpetual license agreement.

This will support Sequans’ expansion of its 4G business and development of its 5G portfolio, while maintaining full ownership of its 5G technology.

The transaction is pending customary closing conditions, including French regulatory approval.

Qualcomm Technologies Group Managing Director, Automotive, Industrial and Embedded IoT and Cloud Computing, Nakul Duggal, said: “Digital transformation is driven by high-performance processing and edge intelligence, positioning Qualcomm for growth in one of the biggest opportunities approachable.

“This acquisition of Sequans’ 4G IoT technology adds to Qualcomm’s broad portfolio, further strengthening our offerings to enterprise customers of low-power solutions for reliable and optimized cellular connectivity for industrial IoT applications.”

Sequans CEO Georges Karam said: “We are delighted 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 dedicated to pushing the boundaries of innovation and delivering cutting-edge 4G/5G semiconductor solutions that meet the advanced needs of AI-powered Internet of Things applications. This transaction is expected to provide us with the resources and flexibility to enhance our product offerings and expand our market presence.”

This development comes after Qualcomm’s attempt to acquire Autotalks, an Israeli company specializing in vehicle chipsets for automotive safety.

Announced in May 2023, the acquisition was valued at $350-400 million, but was terminated due to anti-competitive concerns from international regulators, including the European Commission, the United Kingdom and Israeli antitrust authorities.

“Qualcomm agrees to acquire 4G IoT technology from Sequans” was created and originally published by Verdict, a brand owned by GlobalData.

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