Sequans Communications S.A. (NYSE: SQNS), driving developer and provider of 5G and 4G solutions for broadband, critical, and massive IoT declared that it has set up another subsidiary in Salo, Finland, the motivation behind which is to help Sequans core development work on 5G and 4G IoT semiconductor solutions.
“We established this new R&D center in order to take advantage of the talented community of wireless engineers in Finland who have the expertise we need to strengthen our development capabilities and support our growing list of customers worldwide,” said Fabien Buda, vice president, engineering, Sequans. “We expect to grow our team in Finland to about triple its current size by the end of the year, and we are pleased to become an official part of the vibrant tech community in Finland.”
Sequans Communications S.A. (NYSE: SQNS) is a trusted developer and supplier of 5G and 4G chips and modules for massive, broadband, and critical IoT. For 5G/4G massive IoT applications, Sequans gives a far-reaching product portfolio dependent on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, underpinning industry-driving low power consumption, a huge set of integrated functionalities, and worldwide deployment capacity. While for 5G/4G broadband and basic IoT applications, Sequans offers a product portfolio dependent on its Cassiopeia Cat 4/Cat 6 4G and top-of-the-line Taurus 5G chip platform, optimized for low-cost residential, enterprise, and industrial applications.
Sequans, the pioneer in 5G/4G IoT innovation, has recently presented the second generation of its 5G-ready Monarch (LTE-M/NB-IoT) and Calliope (Cat 1) platforms that are perceived worldwide as driving massiveIoTsolutions. Sequans is likewise building up its 5G Taurus broadband IoTplatform, expected to be released toward the year’s end. Sequans’ SteamrichLTE chips are also certified by Verizon Wireless to be used in devices on its LTE network.In February 2013, Sequans was ranked the third overall LTE Baseband Supplier by ABI Research.
Established in 2003, Sequans is headquartered in Paris, France, with offices spread in the United States, United Kingdom, Finland, Israel, Hong Kong, Singapore, Taiwan, South Korea, and China.The new office, situated in Salo, Finland, is Sequans’ 11th site among its worldwide location, expanding its global presence. The new team will be collaborating closely with Sequans primary R&D engineering group at the organization’s Paris headquarter.
The new office will additionally bring incredible job opportunities for locals in Finland, providing them with a chance to participate in the development process of the world’s leading fabless company. This is specifically significant in the wake of a pandemic situation, where unemployment ignited crises to the extreme. Thereby, Sequans Communications’ new office would serve to bolster the economy of the region as well.
The company is also all set to release its financial outcomes for the first quarter of 2021 on Tuesday, April 27, 2021, during pre-market hours. We are expecting amazing results from Sequans and believe that their growth