Sequans Expands Business with IP Licensing and Engineering Services
Sequans Communications S.A., a leading provider of chips and modules for massive IoT, is expanding its business model. The company will now offer technology intellectual property (IP) licensing and engineering services.
This new approach aims to leverage Sequans’ expertise in 5G and 4G chip technology. It will provide customers with more options beyond just buying chips.
New Business Strategy
Sequans has been a key player in the IoT chip market. The company’s chips power many devices that connect to the internet. Now, Sequans is offering its technology and knowledge to other companies.
This expansion allows Sequans to work with a broader range of clients. These clients may want to build their own chips or integrate Sequans’ technology into their products.
IP Licensing
Sequans will license its IP, which includes designs and patents for 5G and 4G technology. This allows other companies to use Sequans’ innovations in their own products without having to develop everything from scratch.
Licensing can speed up product development and reduce costs for companies looking to enter the IoT market or upgrade their existing products.
Engineering Services
In addition to IP licensing, Sequans will also offer engineering services. This means Sequans’ team of experts will work directly with clients to help them design, develop, and test their products.
These services can be especially valuable for companies that lack in-house expertise in 5G and 4G technology.
Benefits of the Expansion
The new business model offers several potential benefits for Sequans. It can generate new revenue streams from licensing and services. It also strengthens Sequans’ position in the IoT market.
Furthermore, this move allows Sequans to partner with more companies and expand the reach of its technology. The company expects this new business to grow quickly.
Looking Ahead
Sequans believes that the demand for 5G and 4G technology will continue to grow. The company is well-positioned to capitalize on this trend with its expanded business model. By offering IP licensing and engineering services, Sequans aims to become an even more important player in the IoT ecosystem.
The company’s focus remains on providing high-quality chips and solutions for massive IoT deployments. This new approach complements their existing chip business.
Source: iotbusinessnews.com
