# Sequans Communications

Sequans Communications is an Asset Manager based in Paris, France.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** Paris, France
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** sequans.com
- **LinkedIn:** https://www.linkedin.com/company/sequans-communications

## Regulatory record

- **Reports private funds:** No

## About

Sequans Communications develops 4G and 5G semiconductors and modules for IoT applications, focusing on low power consumption, security, and performance. Its products are certified for global band support. The company was founded in 2003 and is based in Colombes, France.

## Sectors

- AI/ML
- Mobility & Transportation

## People

- Georges Karam — Chairman and CEO

## Questions

### Who holds operational and voting control at Sequans?

Georges Karam, the founder, serves as Chairman and CEO and holds super-voting shares that give him effective control over major corporate decisions. This structure is disclosed in the firm's annual SEC filings and is intended to protect long-term product roadmap consistency — a common governance model among European fabless semiconductor firms facing quarterly market pressure for revenue diversification.

### How does Sequans generate revenue?

Sequans earns revenue through three channels: direct chip sales to module makers like Telit and Quectel, engineering services and licensing fees, and recurring royalty streams when a certified IoT chip design is embedded into a mass-production device such as a smart meter. The firm's public SEC filings break out license versus product revenue quarterly.

### Which cellular standards define Sequans's competitive position?

The firm's Monarch platform targets LTE-M (Cat-M1), the North American-preferred low-power wide-area standard, while Calliope targets NB-IoT, the equivalent adopted by European and Asian carriers. Sequans later added 5G NR RedCap silicon to serve industrial sensors requiring higher throughput than NB-IoT but lower power than full broadband 5G.

### What is the strategic relationship with Renesas?

Renesas, the Japanese semiconductor conglomerate, extended a convertible note investment to Sequans in 2023 and announced a co-development collaboration for 5G IoT chips that year. The partnership provides Sequans with non-dilutive development capital while giving Renesas access to certified cellular IP for its automotive and industrial microcontroller customers.

### Why would an allocator treat Sequans as a differentiated holding?

Sequans is one of the few public, pure-play cellular-only IoT chipmakers — it does not cross-sell into Wi-Fi, Bluetooth, or generic microcontrollers. This makes its revenue stream more volatile and customer-concentrated, but also provides a scarcity premium: if cellular IoT mandates spread across utility and industrial fleets, Sequans is among a small set of carrier-certified suppliers positioned to capture those design-ins.

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Last updated: 2026-06-03T20:00:00.000Z

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