Sequans Communications, a Paris-based fabless semiconductor company that specializes in single-mode 4G wireless semiconductor solutions for the internet of things (IoT), in a recent press release statement on Thursday, Mar. 7th 2019, made an announcement saying that on Friday, Mar. 1st 2019, the company received written notification approval from the New York Stock Exchange (NYSE), the world’s largest stock exchange by market capitalization, based in New York City, New York. As per the notification letter, Sequans has regained the NYSE continued listing standard compliance. As per (the “Listing Standard”), it is mandatory for companies listed on the NYSE stock exchange to maintain a minimum average closing price of $1.00 per share over a 30 trading-day period.
The French fabless semiconductor giant specialized in integrated circuits (ICs) for mobile phone technology and a wide range of broadband data devices, was founded in 2003. Sequans is renowned for the development and delivery of seven generations of 4G wireless technology certified chips. The company has a global supply network and ships 4G network devices all around the world. The French manufacturer Sequans’ current highlights are its two LTE product lineup offerings namely: StreamliteLTE™, that is optimized for IoT and machine-to-machine (M2M) devices and StreamrichLTE™, that is optimized for feature-rich mobile computing and home and portable router devices. The company, headquartered in Paris, France, has regional offices spread all around the world in the United States, United Kingdom, Sweden, Israel, Hong Kong, Singapore, Taiwan, South Korea, and China.