Jamie Moss

In 2Q 2026, Internet of things (IoT) network and terminal equipment manufacturer Semtech launched its FX86E 5G Reduced Capability (RedCap) modem for Industrial Internet of Things (IIoT) applications. This modem is part of Semtech’s Sierra Wireless brand of cellular products. Sierra Wireless already has a 5G RedCap module in its lineup, the EM8695.

In May 2026, the Telenor Group of telecommunications companies and private equity company Verdane agreed to establish joint ownership of Telenor Connexion, Telenor’s Internet of Things (IoT) connectivity subsidiary. Telenor does not wish to exit the IoT market, but to leverage the financial resources of Verdane, alongside Verdane’s experience in helping industrial technology companies achieve greater scale.

First Global SGP.32 Automotive Launch? In March 2026, Giesecke+Devrient (G+D) announced it will be providing subscription management services to automotive Original Equipment Manufacturer (OEM) Rivian. G+D will enable 5G connectivity for Rivian’s upcoming R2 model of electric Sports Utility Vehicle (SUV), through the use of SGP.32 embedded Subscriber Identity Module (eSIM) technology. G+D will not be providing the connectivity itself, but the remote provisioning of the connection for each vehicle.