Qualcomm Buys 4G IoT Tech from Sequans

Paris, France and San Diego, California—In a significant move to bolster its Industrial Internet of Things (IoT) offerings, Qualcomm Incorporated has announced a definitive agreement to acquire Sequans Communications S.A.'s 4G IoT technologies. This acquisition is expected to enhance Qualcomm's existing end-to-end IoT solutions, positioning the company to capitalize on the growing demand for high-performance, low-power connectivity in various industries. Nakul Duggal, Qualcomm's group general manager for automotive, industrial, and embedded IoT, emphasized the strategic importance of this acquisition, stating that it aligns with the ongoing digital transformation driven by advanced processing capabilities. The integration of Sequans’ technologies will not only strengthen Qualcomm's portfolio but also provide enterprise customers with reliable and optimized cellular connectivity tailored for Industrial IoT applications. Sequans, a leading semiconductor company specializing in wireless cellular technology for IoT, expressed enthusiasm about the transaction, highlighting the transformative potential of its solutions across major industries. The deal will allow Qualcomm to leverage Sequans’ expertise and technology to enhance its Snapdragon® platforms, which are known for delivering exceptional consumer experiences. While the acquisition is poised to create significant opportunities, both companies have issued forward-looking statements regarding the transaction's completion and potential benefits. They caution that various risks and uncertainties could impact the expected outcomes, including regulatory approvals and market reactions. As the deal progresses, stakeholders are advised to remain aware of these factors that may influence the future landscape of the IoT sector.