Sequans Secures 5G eRedCap Semiconductor Development with Financing from the France 2030 Investment Plan
Paris, France–(Newsfile Corp. – March 18, 2024) – Sequans Communications, S.A. (NYSE: SQNS), a leading cellular IoT chipmaker, announces that it has been granted financing of 10.9 million EUR from the French government as part of the France 2030 initiative to support the development of technologies deemed to be strategically important to the national interest. Such financing will be received with an upfront payment followed by three milestone payments over the duration of the …