Borqs Technologies (BRQSF) has released an update.
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Sasken Technologies is set to acquire Borqs Technologies’ hardware and software services, a move that aims to bolster Sasken’s market presence in IoT and 5G sectors. The acquisition, valued at up to $40 million, will enhance Sasken’s capabilities in developing connected devices, aligning with its growth strategy. This strategic partnership is expected to unlock synergies, driving innovation and competitiveness for both companies.
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