IoT Tech: Sequans Communications Completes Sale to Qualcomm


1 minute read | October.01.2024

Sequans Communications S.A. (NYSE: SQNS), a supplier of 4G and 5G semiconductor solutions for the Internet of Things (IoT), has completed the sale of its 4G IoT technology to Qualcomm, the U.S. mobile chip giant.

THE COMPANIES

Sequans Communications is a fabless designer, developer and supplier of cellular semiconductor solutions for broadband and critical Internet of Things (IoT) markets. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China.

Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges.

THE IMPACT

Sequans strengthens its balance sheet and retains full rights to continue to use the technology commercially, via a perpetual license agreement, supporting the company’s ability to expand its 4G business and develop its 5G portfolio.

THE TEAM 

A cross-border cross-practice team advised Sequans:

LEARN MORE