Andes Technology Further Expands Long-term Collaboration with Sequans Communications with AndesCore™ A25MP and N25F RISC-V CPU Core Licenses

Hsinchu Science Park, Taiwan – August 28, 2025 – Andes Technology Corporation (TWSE: 6533) today celebrated ten years of collaboration with Sequans Communications, with the latest licensing of Andes’ A25MP and N25F RISC-V CPU intellectual property (IP) cores for Sequans’ next-generation Internet of Things (IoT) chipsets featuring 4G and 5G eRedCap cellular network technologies.

Sequans, a fabless semiconductor company headquartered in France, operates globally with offices around the world. Founded in 2003, the company specializes in wireless 4G and 5G cellular technology for IoT and offers a comprehensive portfolio that includes integrated circuits (IC) of baseband processors and radio frequency (RF) transceivers, modules, software, and protocol stacks. Delivering breakthroughs in wireless connectivity, power efficiency, security, and performance.

Andes Technology, founded in 2005 in Hsinchu Science Park, Taiwan, recently celebrated its 20^th anniversary. Dedicated exclusively to the development of innovative 32-/64-bit embedded processors, Andes has achieved remarkable growth – including its IPO in 2017 and a nearly sevenfold revenue increase since then. Andes is the global leader of the RISC-V processor IP market share with over 30% according to SHD Group’s market research report in January 2024 and April 2025. Its worldwide customers shipped more than 17-billion Andes-Powered SoCs.

Since adopting Andes’ V3 architecture cores in 2015, Sequans has successfully developed three generations of IoT SoCs, widely recognized for their performance, power efficiency, and commercial success in global markets. The recent transition to RISC-V-based V5 architecture—featuring the A25MP and N25F cores—not only reflects the growing momentum of RISC-V in wireless communications, but also underscores the enduring partnership between Andes and Sequans in delivering advanced connectivity solutions to leading telecom operators and solution providers worldwide.

We are honored to celebrate over a decade of collaboration with Andes Technology, whose unwavering support and continuous innovation in CPU IP have been instrumental to the success of our cellular IoT solutions,” said Dr. Georges Karam, President and CEO of Sequans Communications. “For more than 10 years, Andes has consistently delivered high-quality, power-efficient processor technology that has empowered us to build best-in-class LTE-M, NB-IoT, and 4G/5G NR eRedCap chipsets. Their commitment to enhancing their CPU products through advanced features has enabled us to stay ahead in a rapidly evolving market. We deeply value our partnership and look forward to driving continued innovation together.”

“We are proud to have partnered with Sequans Communications for over a decade, supporting their rise as a global leader in cellular IoT with deployments spanning Europe, North America, and Asia,” said Frankwell Lin, Chairman and CEO of Andes Technology. “Sequans’ global presence and leadership in LTE and 5G connectivity reflect their deep commitment to innovation, quality, and scale. Their continued trust in Andes is a strong endorsement of the long-term value and technical excellence we provide. As a trusted RISC-V CPU partner, we are committed to delivering evolving, power-efficient solutions that meet the demands of next-generation IoT worldwide.”

About Sequans Communications

Sequans Communications S.A. (NYSE: SQNS) is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) as well as a pioneer in Bitcoin Treasury.  Sequans views Bitcoin as a long-term investment and intends to strategically accumulate it as its primary treasury reserve asset. The company’s approach involves acquiring and holding Bitcoin using net proceeds from equity and debt issuances — executed from time to time based on market conditions — as well as cash generated from operations and intellectual property monetization.

Sequans’ engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications – including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes. Sequans offers a comprehensive portfolio of 4G/5G solutions, including LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms, all purpose-built for IoT and delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. The company also provides advanced design services and technology licensing. Sequans management believes the combination of a strategic Bitcoin reserve and deep focus on semiconductor innovation positions the company for long-term value creation.

Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Singapore, Finland, Taiwan, and China.

Visit Sequans at sequans.com

About Andes Technology

As a Founding Premier member of RISC-V International and a leader in commercial CPU IP, Andes Technology (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099) is driving the global adoption of RISC-V. Andes’ extensive RISC-V Processor IP portfolio spans from ultra-efficient 32-bit CPUs to high-performance 64-bit Out-of-Order multiprocessor coherent clusters. With advanced vector processing, DSP capabilities, the powerful Andes Automated Custom Extension (ACE) framework, end-to-end AI hardware/software stack, ISO 26262 certification with full compliance, and a robust software ecosystem, Andes unlocks the full potential of RISC-V, empowering customers to accelerate innovation across AI, automotive, communications, consumer electronics, data centers, and mobile devices. Over 17billion Andes-powered SoCs are driving innovations globally. Discover more at www.andestech.com.