Renesas Electronics to acquire Sequans Communications for $249m.

Renesas Electronics, a provider of semiconductor solutions, including microcontrollers, SoC solutions, and analog and power devices, agreed to acquire Sequans Communications, a provider of single-mode 4G LTE semiconductor solutions, for $249m. “We have been working closely with Renesas to serve the growing market demand for massive IoT and broadband IoT customers. As many telecom operators around the world continue to invest in 5G infrastructure and with the expanding deployment of IoT applications, combining with Renesas opens up vast opportunities to usher in a new era of seamless connectivity and digital mobility that can transform a multitude of industries,” Georges Karam, Sequans Chairman and CEO.