Qualcomm Acquires Technology Company's 4G IoT For $200M

Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, has entered into a definitive agreement to acquire the 4G IoT technology of Sequans Communications S.A. This agreement marks a pivotal step in Qualcomm's strategy to fortify its Industrial IoT portfolio, offering enhanced low-power solutions for seamless and efficient cellular connectivity. The transaction, valued at approximately $200 million, not only reflects Qualcomm's commitment to advancing its technological frontiers but also shows Sequans' crucial role in the IoT ecosystem. $Sequans Communications (SQNS.US)$