Sequans Secures 5G eRedCap Semiconductor Development with Financing from the France 2030 Investment Plan
Such financing will be received with an upfront payment followed by three milestone payments over the duration of the project.
- Such financing will be received with an upfront payment followed by three milestone payments over the duration of the project.
- In its proposal, Sequans outlined a plan to create a new generation massive IoT chip supporting 5G NR eRedCap (5G new radio enhanced reduced capability) that meets the requirements of the 3GPP standard defined in Release 18 and beyond.
- 5G NR eRedCap will comply with the latest 5G NR networks and address massive IoT applications with cost-effective, low-power, and ultra-reliable connectivity required for industrial, utilities, medical, asset tracking, and automotive applications.
- "We are grateful that our proposal was chosen by France 2030 as it strengthens and secures our massive IoT low-power 5G product portfolio development," said Georges Karam, Sequans CEO.