Qualcomm Integrated, by means of its subsidiary, Qualcomm Applied sciences, and Sequans Communications have introduced that they’ve accomplished the sale of Sequans’ 4G IoT know-how to Qualcomm.
“We are pleased to add Sequans’ 4G IoT technology into Qualcomm’s broad product portfolio, adding to our robust, low-power solutions for dependable and optimised cellular connectivity for industrial IoT applications,” mentioned Nakul Duggal, the group normal supervisor, automotive, industrial and embedded IoT, and cloud computing at Qualcomm Applied sciences. “This acquisition supports our commitment to delivering cutting-edge IoT solutions and strengthens our position as a leader in intelligence at the edge.”
Georges Karam, the CEO of Sequans, mentioned, “We are thrilled to finalise this transaction with Qualcomm and to retain a perpetual license to continue using, commercialising and advancing these technologies. It validates the strength of our technology and ensures that our customers will continue to receive top-tier support on our 4G portfolio and cutting-edge 5G innovation from Sequans. The asset sale is set to deliver significant benefits to our customers. With a robust balance sheet, proven technology and a comprehensive portfolio that includes lowpower LTE-M/NB-IoT, LTE Cat 1bis and the upcoming 5G Redcap/eRedCap technology, Sequans is very well positioned in the market. Supported by a seasoned team dedicated to cellular IoT, Sequans is set to provide best-in-class IoT products and services.”
Qualcomm Applied sciences expects to combine these 4G IOT applied sciences into its portfolio of purpose-built connectivity options for IOT.
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