# 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.

- Type: Acquisition
- Announced: 2024-02-15
- Where: Japan
- Status: cancelled
- Products: cellular IoT technology, embedded processors, wireless chipsets
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Renesas](https://endata.com/companies/34259.md) (acquirer)
- [Sequans Communications](https://endata.com/companies/71864.md) (target)

## Sources

- [evertiq.com](https://evertiq.com/news/55286), 2024-02-26: "Renesas has terminated its MOU to purchase Sequans Communications."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.