◂ Announcements

Feb 15, 2024ACQUISITIONJapan

Renesas terminates planned acquisition of Sequans Communications

Renesas has terminated its memorandum of understanding to acquire Sequans Communications after receiving an adverse Japanese tax ruling. The deal was originally announced in August 2023.

Status

Cancelled

Productscellular IoT technologyembedded processorswireless chipsets

CompaniesRenesas acquirer Sequans Communications target

Sectors#Semiconductors and Industrial Electronics

“Renesas has terminated its MOU to purchase Sequans Communications.”evertiq.com

1 source
evertiq.comRenesas abandons proposed Sequans acquisitionEvertiqFeb 26, 2024

Summarized from public sources; check the original articles before acting on it.

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Renesas terminates planned acquisition of Sequans Communications · Endata