Qualcomm and sequans reach agreement on sale of 4g iot technology

Strengthens qualcomm's industrial iot portfolio, offering low-power solutions for reliable, optimized cellular connectivity for iot applications expands and accelerates qualcomm's leadership position in digital transformation at the edge sequans retains license of the 4g iot technology for its ongoing use and will continue to serve its iot markets with a strengthened balance sheet sequans maintains full ownership of its 5g technology paris, france and san diego, california--(newsfile corp. - august 23, 2024) - qualcomm incorporated, (nasdaq: qcom), 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 entered into a definitive agreement for qualcomm to buy sequans' 4g iot technologies.
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