Qualcomm Boosts IoT Portfolio with Sequans' 4G Technology Acquisition
Qualcomm Incorporated has finalized the acquisition of Sequans Communications' 4G IoT technology. This deal, supported by Qualcomm's group general manager Nakul Duggal, strengthens the company's commitment to delivering advanced IoT solutions.
The acquisition sees Qualcomm integrating Sequans' 4G IoT technology into its existing portfolio of communication solutions for IoT. This move is set to enhance Qualcomm's offerings in the Internet of Things sector.
Sequans Communications, meanwhile, will retain a perpetual license. This allows the company to continue using, commercializing, and advancing the acquired 4G IoT technologies. The transaction, according to Sequans' CEO Georges Karam, validates the robustness of Sequans' technology and ensures ongoing support for customers.
Qualcomm Incorporated has successfully acquired Sequans Communications' 4G IoT technology. This acquisition bolsters Qualcomm's IoT portfolio and ensures Sequans' customers continued support. Both companies look forward to the benefits this deal will bring to their respective businesses.
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