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Qualcom: acquires 4G IoT technologies from France's Sequans

(CercleFinance.com) - Qualcomm announced on Friday that it had reached a definitive agreement to acquire the 4G Internet of Things (IoT) technology activities of French company Sequans.


The US wireless chip designer explains that the transaction will enable it to strengthen its portfolio of low-power, ultra-reliable connectivity required for industrial applications.

It will also consolidate the company's leading position in the 'at the edge' digital transformation segment.

Sequans, a Paris-based manufacturer of cellular IoT chips, says it will retain its 5G-related IoT products.

The financial terms of the takeover were not specified.


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