Qualcomm Included and Sequans Communications have introduced that they’ve entered right into a definitive settlement for Qualcomm to purchase Sequans’ 4G IoT applied sciences. The acquisition consists of sure staff, belongings and licenses. The transaction is topic to customary closing circumstances, together with French regulatory approval.Qualcomm IoT applied sciences and options utilise the real-world linked clever edge to supply end-to-end, ready-to-deploy options so clients can digitally change their companies to optimise their operations, monetise huge quantities of information, innovate in new methods and drive value financial savings.
Sequans is a designer, developer and provider of mobile semiconductor options for large and important IoT markets. The addition of Sequans’ 4G IoT applied sciences to Qualcomm’s superior end-to-end IoT options will strengthen Qualcomm’s Industrial IoT portfolio.
“Digital transformation is being pushed by high-performance processing and intelligence on the edge, positioning Qualcomm for progress in one of many largest addressable alternatives,” stated Nakul Duggal, the group normal supervisor, automotive, industrial and embedded IoT, and cloud computing, Qualcomm Applied sciences. “This acquisition of Sequans’ 4G IoT expertise provides to Qualcomm’s broad portfolio, additional strengthening our choices throughout enterprise clients of low-power options for dependable, optimised mobile connectivity for Industrial IoT functions.”
Sequans will retain full rights to proceed to make use of the expertise commercially, through a perpetual license settlement, supporting the corporate’s capability to increase its 4G enterprise and develop its 5G portfolio.
“We’re excited to announce this vital transaction with Qualcomm. This settlement underscores the worth of our 4G IoT expertise and offers us with important capital to proceed to additional put money into our IoT enterprise ambitions,” stated Georges Karam, the CEO of Sequans. “We’re devoted to pushing the boundaries of innovation and offering cutting-edge 4G/5G semiconductor options that meet the advancing wants of AI-powered Web of Issues functions. This transaction is anticipated to offer us the sources and adaptability to reinforce our product choices and increase our market presence.”
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