August 26, 2024 /SemiMedia/ — Qualcomm has announced that its subsidiary, Qualcomm Technologies, has acquired the 4G IoT technology of Sequans, a provider of 4G and 5G semiconductor solutions for IoT applications. The acquisition includes certain employees, assets, and licenses, and is subject to customary closing conditions, including approval from French regulators.

This acquisition bolsters Qualcomm’s industrial IoT portfolio by integrating Sequans’ 4G IoT technology into its existing solutions. Qualcomm aims to enhance its offerings for enterprise customers with more reliable and optimized low-power cellular connectivity, driving digital transformation, improving operational efficiency, and fostering new avenues for innovation.

Nakul Duggal, General Manager of Qualcomm Technologies' Automotive, Industrial & IoT, and Cloud Computing divisions, stated that the acquisition expands Qualcomm’s extensive product portfolio and further solidifies its competitive edge in the IoT market, particularly in areas such as edge intelligence and high-performance processing.

Sequans will retain the rights to commercially use the technology through a perpetual licensing agreement, enabling the company to continue expanding its 4G business and developing its 5G product lineup. Sequans CEO Georges Karam emphasized that this transaction not only underscores the value of Sequans’ 4G IoT technology but also provides the capital needed to further invest in its IoT business and enhance its market presence.