Qualcomm shares are trading higher after the company announced a deal to acquire Sequans' 4G IoT Technologies for $200 million.
Portfolio Pulse from Benzinga Newsdesk
Qualcomm's stock is rising following its announcement to acquire Sequans' 4G IoT Technologies for $200 million.
August 23, 2024 | 3:20 pm
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Qualcomm's stock is experiencing an uptick due to its strategic acquisition of Sequans' 4G IoT Technologies for $200 million, which is expected to enhance its IoT capabilities.
The acquisition is a strategic move to enhance Qualcomm's IoT capabilities, which is positively perceived by investors, leading to a rise in stock price.
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