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Sequans, Foxconn Subsidiary Socle Form LTE for IoT Strategic Partnership
January 11, 2016 | Business WireEstimated reading time: 2 minutes
LTE chipmaker Sequans Communications S.A. and system-on-chip designer Socle Technology Corp., a fully-owned subsidiary of Foxconn, the world’s largest electronics manufacturer, announced a strategic partnership to address the global market for the LTE-enabled Internet of Things (IoT). The purpose of the partnership is to bring to market specialized and highly integrated system-on-chip (SoC) LTE solutions to address the wide range of IoT/M2M applications that require wireless LTE connectivity.
With Sequans’ leading LTE technology and Socle’s SoC expertise and rich IP portfolio, the two parties will develop a family of LTE SoC solutions meeting the low power, low cost, processing, and interface requirements of a wide variety of M2M and IoT applications. The resulting solutions will be used by Sequans to expand its StreamliteLTE family of chipset products and by Foxconn to serve their IoT customers. The first product is expected to sample in 2016.
Socle is a leading provider of customized SoC solutions for Foxconn customers making tablets, smartphones and IoT devices. Sequans is a leader in LTE for IoT chipsets and is developing solutions supporting 3GPP Release 13 category M (CAT M) and NB-IoT capabilities. Sequans was the first to introduce an IoT-optimized category 1 (CAT 1) LTE chipset that is available now and deploying on existing LTE networks.
“Socle is an expert in SoC design, and we expect this partnership to yield a family of highly integrated solutions optimized for a variety of IoT segments,” said Georges Karam, CEO, Sequans. “I believe we have a compelling strategy, combining best-in-class technologies and access to new markets with privileged access to Foxconn IoT customers.”
“Sequans is the leader in LTE for IoT chipsets, and we are pleased to establish this alliance,” said Stone Peng, president, Socle Technology Corp. “Our collaboration will allow us to bring best-in-class IoT-optimized LTE solutions to market quickly and to be very responsive to market needs as the LTE for IoT market continues its rapid development.”
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