Qualcomm and Sequans Complete Sale of 4G IoT Technology
Qualcomm and Sequans Communications (NYSE: SQNS) have completed the sale of Sequans' 4G IoT technology to Qualcomm. This acquisition strengthens Qualcomm's position in low-power cellular connectivity solutions for industrial IoT applications. Sequans retains a perpetual license to continue using, commercializing, and advancing these technologies.
Georges Karam, CEO of Sequans, emphasized that this transaction validates their technology strength and ensures continued support for their 4G portfolio. Sequans remains well-positioned in the market with a robust balance sheet and a comprehensive portfolio including LTE-M/NB-IoT, LTE Cat 1bis, and upcoming 5G Redcap/eRedCap technology. Qualcomm plans to integrate these 4G IoT technologies into its purpose-built connectivity solutions for IoT.
Qualcomm e Sequans Communications (NYSE: SQNS) hanno completato la vendita della tecnologia 4G IoT di Sequans a Qualcomm. Questa acquisizione rafforza la posizione di Qualcomm nelle soluzioni di connettività cellulare a basso consumo per le applicazioni IoT industriali. Sequans mantiene una licenza perpetua per continuare a utilizzare, commercializzare e sviluppare queste tecnologie.
Georges Karam, CEO di Sequans, ha sottolineato che questa transazione convalida la loro forza tecnologica e garantisce un supporto continuo per il loro portafoglio 4G. Sequans rimane ben posizionata sul mercato con un solido bilancio e un portafoglio completo che include LTE-M/NB-IoT, LTE Cat 1bis e la prossima tecnologia 5G Redcap/eRedCap. Qualcomm prevede di integrare queste tecnologie IoT 4G nelle sue soluzioni di connettività progettate per l'IoT.
Qualcomm y Sequans Communications (NYSE: SQNS) han completado la venta de la tecnología 4G IoT de Sequans a Qualcomm. Esta adquisición refuerza la posición de Qualcomm en soluciones de conectividad celular de bajo consumo para aplicaciones industriales de IoT. Sequans retiene una licencia perpetua para continuar utilizando, comercializando y avanzando estas tecnologías.
Georges Karam, CEO de Sequans, enfatizó que esta transacción valida la fortaleza de su tecnología y asegura un apoyo continuo para su portafolio 4G. Sequans sigue bien posicionada en el mercado con un sólido balance y un portafolio completo que incluye LTE-M/NB-IoT, LTE Cat 1bis y la próxima tecnología 5G Redcap/eRedCap. Qualcomm planea integrar estas tecnologías IoT 4G en sus soluciones de conectividad diseñadas para IoT.
퀄컴과 시퀀스 커뮤니케이션즈 (NYSE: SQNS)는 시퀀스의 4G IoT 기술 판매를 완료했습니다. 이번 인수는 산업용 IoT 애플리케이션을 위한 저전력 셀룰러 연결 솔루션에서 퀄컴의 입지를 강화합니다. 시퀀스는 이 기술들을 계속 사용하고 상용화하며 발전시킬 영구 라이선스를 유지합니다.
Georges Karam, 시퀀스의 CEO는 이번 거래가 그들의 기술 강점을 검증하고 4G 포트폴리오에 대한 지속적인 지원을 보장한다고 강조했습니다. 시퀀스는 견고한 자산 구조와 LTE-M/NB-IoT, LTE Cat 1bis 및 다가오는 5G Redcap/eRedCap 기술을 포함한 포괄적인 포트폴리오로 시장에서 잘 자리잡고 있습니다. 퀄컴은 이러한 4G IoT 기술을 IoT를 위한 맞춤형 연결 솔루션에 통합할 계획입니다.
Qualcomm et Sequans Communications (NYSE: SQNS) ont finalisé la vente de la technologie 4G IoT de Sequans à Qualcomm. Cette acquisition renforce la position de Qualcomm dans les solutions de connectivité cellulaire à faible consommation pour les applications IoT industrielles. Sequans conserve une licence perpétuelle pour continuer à utiliser, commercialiser et faire évoluer ces technologies.
Georges Karam, PDG de Sequans, a souligné que cette transaction valide leur force technologique et assure un soutien continu pour leur portefeuille 4G. Sequans est toujours bien positionnée sur le marché avec un bilan solide et un portefeuille complet comprenant LTE-M/NB-IoT, LTE Cat 1bis et la prochaine technologie 5G Redcap/eRedCap. Qualcomm envisage d'intégrer ces technologies IoT 4G dans ses solutions de connectivité conçues pour l'IoT.
Qualcomm und Sequans Communications (NYSE: SQNS) haben den Verkauf der 4G IoT-Technologie von Sequans an Qualcomm abgeschlossen. Diese Übernahme stärkt Qualcomms Position im Bereich der energieeffizienten Mobilfunkverbindungslösungen für industrielle IoT-Anwendungen. Sequans behält eine ewige Lizenz, um diese Technologien weiterhin zu nutzen, zu kommerzialisieren und weiterzuentwickeln.
Georges Karam, CEO von Sequans, betonte, dass diese Transaktion die Stärke ihrer Technologie validiert und eine kontinuierliche Unterstützung für ihr 4G-Portfolio gewährleistet. Sequans ist gut im Markt positioniert mit einer soliden Bilanz und einem umfassenden Portfolio, das LTE-M/NB-IoT, LTE Cat 1bis und die kommende 5G Redcap/eRedCap-Technologie umfasst. Qualcomm plant, diese 4G IoT-Technologien in seine speziell entwickelten Verbindungslösungen für IoT zu integrieren.
- Qualcomm acquires Sequans' 4G IoT technology, strengthening its IoT solutions portfolio
- Sequans retains a perpetual license to use and commercialize the sold 4G IoT technology
- Transaction validates the strength of Sequans' technology
- Sequans reports a robust balance sheet post-transaction
- None.
Insights
The completion of the sale of Sequans' 4G IoT technology to Qualcomm is a significant development for both companies. For Sequans, this transaction likely provides a
For Qualcomm, this acquisition expands its IoT portfolio, particularly in low-power cellular connectivity solutions for industrial applications. This strategic move could help Qualcomm solidify its market position in the growing IoT sector, potentially leading to increased revenue streams in the future.
Investors should note that while this deal strengthens both companies' positions in the IoT market, the financial terms were not disclosed. The long-term impact will depend on how effectively Qualcomm integrates and monetizes the acquired technology and how Sequans leverages its improved financial position to drive growth in 5G and other areas.
This transaction marks a significant shift in the IoT connectivity landscape. Qualcomm's acquisition of Sequans' 4G IoT technology will likely accelerate the development and deployment of low-power, high-performance IoT solutions. The integration of Sequans' technology into Qualcomm's portfolio could lead to more efficient and cost-effective IoT devices, particularly in industrial applications.
For Sequans, retaining a perpetual license ensures they can continue to innovate and compete in the 4G IoT space while focusing on cutting-edge 5G technologies like Redcap and eRedCap. This dual approach positions Sequans well for both current and future IoT markets.
The IoT industry is poised for significant growth and this deal aligns both companies to capitalize on this trend. Investors should watch for upcoming product announcements and market share shifts in the IoT semiconductor space as a result of this strategic move.
San Diego, California and Paris, France--(Newsfile Corp. - September 30, 2024) - Qualcomm Incorporated, a global leader in high-performance at low-power solutions, through its subsidiary, Qualcomm Technologies, Inc. ("Qualcomm"), and Sequans Communications S.A. (NYSE: SQNS), a supplier of 4G and 5G semiconductor solutions for the Internet of Things (IoT), today announced that they have completed the sale of Sequans' 4G IoT technology to Qualcomm.
"We are pleased to add Sequans' 4G IoT technology into Qualcomm's broad product portfolio, adding to our robust, low-power solutions for dependable and optimized cellular connectivity for industrial IoT applications," said Nakul Duggal, group general manager, automotive, industrial and embedded IoT, and cloud computing, Qualcomm Technologies, Inc. "This acquisition supports our commitment to delivering cutting-edge IoT solutions and strengthens our position as a leader in intelligence at the edge."
"We are thrilled to finalize this transaction with Qualcomm and to retain a perpetual license to continue using, commercializing and advancing these technologies, said Georges Karam, CEO of Sequans. "It validates the strength of our technology and ensures that our customers will continue to receive top-tier support on our 4G portfolio and cutting-edge 5G innovation from Sequans. The asset sale is set to deliver significant benefits to our customers. With a robust balance sheet, proven technology and a comprehensive portfolio that includes low-power LTE-M/NB-IoT, LTE Cat 1bis and the upcoming 5G Redcap/eRedCap technology, Sequans is very well positioned in the market. Supported by a seasoned team dedicated to cellular IoT, Sequans is set to provide best-in-class IoT products and services."
Qualcomm Technologies expects to integrate these 4G IOT technologies into its portfolio of purpose-built connectivity solutions for IOT.
About Qualcomm
Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Our proven solutions drive transformation across major industries, and our Snapdragon® branded platforms power extraordinary consumer experiences. Building on our nearly 40-year leadership in setting industry standards and creating era-defining technology breakthroughs, we deliver leading edge AI, high-performance, low-power computing, and unrivaled connectivity. Together with our ecosystem partners, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress.
Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.
About Sequans Communications
Sequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP, and services. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. 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 Contacts:
Clare Conley, Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
Mauricio Lopez-Hodoyan, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Sequans Contacts:
Linda Bouvet (France), Media Relations
Phone: +33 1 70 72 16 00
media@sequans.com
Kim Rogers (USA), Investor Relations
Phone: 1-385-831-7337
ir@sequans.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225024
FAQ
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