Sequans 4G IoT Technology Deal Strengthens Qualcomm's Industrial IoT Portfolio; Sequans Maintains Full Ownership Of Its 5G Technology
Portfolio Pulse from Benzinga Newsdesk
Qualcomm has strengthened its industrial IoT portfolio by acquiring Sequans' 4G IoT technology. Sequans retains full ownership of its 5G technology.
August 23, 2024 | 10:05 am
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NEUTRAL IMPACT
Sequans has sold its 4G IoT technology to Qualcomm but retains full ownership of its 5G technology. This allows Sequans to focus on its 5G developments.
By selling its 4G IoT technology, Sequans can concentrate on its 5G technology, which may be more lucrative in the long term. However, the immediate impact on stock price is neutral.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Qualcomm has acquired Sequans' 4G IoT technology, enhancing its industrial IoT portfolio. This acquisition could strengthen Qualcomm's position in the IoT market.
The acquisition of Sequans' 4G IoT technology is likely to enhance Qualcomm's industrial IoT offerings, potentially leading to increased market share and revenue in this sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80