Sequans Communications S A (SQNS) has released an update.
Qualcomm Incorporated is set to acquire 4G IoT technology from Sequans Communications S.A., enhancing Qualcomm’s Industrial IoT portfolio and reinforcing its edge in digital transformation. Sequans will retain a license to continue using the 4G IoT technology and will focus on expanding its 5G solutions. This strategic move is anticipated to provide Sequans with substantial capital to invest in its IoT business and extend its market reach.
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