In 2003, Georges Karam and a team of broadband experts from Alcatel and Pacific Broadband founded Sequans as a pure play 4G chip company to address the WiMAX market, where it became the recognized leader by 2011. Sequans went on to deliver three generations of WiMAX technology and then four generations of LTE technology in quick succession, delivering its first LTE chip, Colibri, in 2010. Sequans became known as a leader in LTE for IoT when it developed the first IoT-optimized Category 1 (Cat 1) chipset, Calliope, which quickly took hold in the market as an IoT low cost and low power solution, and today is deployed by leading operators, including Verizon, AT&T, T-Mobile, and NTT DoCoMo. In 2013, Sequans began investing in and developing 5G technology, joining the 5G PPP and establishing a 5G research partnership with TCL.