Borqs Technologi Stock Price, News & Analysis

Borqs Technologies, Inc. (BRQSF) is a technology company in the Software – Infrastructure segment that has historically focused on embedded software and products for the Internet of Things (IoT). The company’s shares trade on the U.S. over-the-counter (OTC) market under the symbol BRQSF. According to company disclosures, Borqs has positioned itself around Android-based smart connected devices, cloud service solutions, and end-to-end wireless product solutions for mobile telecommunications and IoT.

Business focus and evolution

Borqs describes itself as a global provider of software and products for the IoT, offering customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. The company highlights its role as an end-to-end IoT solutions provider, supported by strategic chipset partner relationships and a broad software and intellectual property portfolio. Its strengths are said to include Android and Android Wear licenses, which have enabled the development of a software IP library covering chipset software, Android enhancements, domain-specific usage and system performance optimization.

The company reports that this software IP library is suitable for both large and low-volume customized products. Historically, Borqs has worked with mobile network operators and original equipment manufacturers (OEMs), and has focused on wireless product solutions that can be adapted across various industries, including utilities, automotive and smart cities. The company has also disclosed that it has been involved in the development of 5G products for phones and hotspots.

Core IoT and Android capabilities

According to Borqs, its business has centered on Android-based smart connected devices and related cloud services. The company emphasizes:

• Customizable Android-based smart connected devices
• Cloud service solutions linked to those devices
• Embedded software design for IoT products
• Customized hardware manufacturing for IoT devices

These capabilities have been supported by strategic alliances with chipset partners such as Qualcomm, and by work with key mobile network operators and OEMs. Borqs states that this combination of software IP, Android expertise and partner relationships has enabled it to provide end-to-end IoT solutions.

Sale of core businesses to Sasken Technologies

A major recent development for Borqs is the completed sale of its core businesses to Sasken Technologies Limited, an India-based product engineering and digital transformation services company. In an April 14, 2025 announcement, Borqs reported that it had completed the sale of its core businesses to Sasken for a total price of US$40 million, with a portion reserved for employees, tax withholding and payments subject to an earnout arrangement linked to performance in the year 2025.

Borqs disclosed that the sale included all of the company’s embedded software design and customized hardware manufacturing of products for IoT activities. Along with these activities, the transaction covered customers’ contracts, technology licenses, intellectual property, the transfer of employment agreements of key personnel, and assets required for the company’s operations. Certain subsidiaries crucial for servicing customers were also included in the sale.

Following this transaction, Sasken indicated that it would use Borqs’ capabilities to support customers in designing, developing and commercializing connected devices from concept to market, including ideation, IP development, software and product realization, and hardware supply chain management. Sasken noted that, working with chipset partners, it aims to create connected devices such as mobile phones, tablets, smartwatches and various IoT products.

Post-transaction strategic direction

In connection with the sale of its hardware and software business, Borqs has outlined a shift in its strategic focus. The company stated that it plans to use the cash received from the transaction for investment activities in emerging opportunities, particularly in AI and capital-related ventures. Borqs has indicated an intention to participate in shaping the future of these industries and to capitalize on trends in technology.

Earlier, in a November 2024 announcement about the intended sale of its hardware and software business to Sasken, Borqs noted that, as a result of the transaction, it expected to have a clean and debt-free capital structure. The company stated that it did not have outstanding dilutive instruments convertible into equity and that it planned to leverage the cash consideration from the sale to invest in activities that could deliver margins and financial results it considered attractive. Borqs also mentioned potential reductions in administrative overhead and the possibility of considering a buy-back of shares from the open market, while emphasizing a focus on high-growth opportunities, especially in AI and blockchain technologies.

Financial reporting and operating segments

Borqs files reports as a foreign private issuer with the U.S. Securities and Exchange Commission (SEC), including Form 20-F annual reports and Form 6-K current reports. In its financial reporting for the six months ended June 30, 2024 and June 30, 2025, the company disclosed net revenues divided into software and hardware categories. These disclosures show that Borqs has historically generated revenue from both software and hardware activities related to its IoT and embedded solutions business.

The company’s interim consolidated financial statements for the six months ended June 30, 2025, furnished on Form 6-K, provide details on assets, liabilities and shareholders’ equity, as well as net revenues, costs of revenues, operating expenses and gains related to the disposal of subsidiary interests. These filings illustrate the financial impact of strategic actions, including the sale of subsidiary interests and changes in capital structure.

Corporate background and positioning

Borqs states that it was founded in 2007 and describes itself as a publicly traded company that has built a reputation in end-to-end wireless product solutions for mobile telecommunications and IoT. The company notes that it has maintained strategic alliances with industry leaders like Qualcomm and has worked with key mobile network operators and OEMs. Borqs has also indicated that it has maintained a presence across continents and has employed several hundred people, reflecting its historical scale in the IoT and wireless product solutions space.

Within the technology sector, Borqs is classified in the Software – Infrastructure industry. Its historical activities have combined software platform development, embedded software design, hardware design and manufacturing for IoT devices, and cloud service solutions tied to Android-based smart connected devices.

Governance and corporate structure updates

In an October 2025 Form 6-K, Borqs reported that its Board of Directors approved an amendment to the company’s Memorandum and Articles of Association. The amendment replaced Article 8.1 to allow any director of the company to convene meetings of the company’s members and to make the holding of an annual general meeting at the board’s discretion. The amended Memorandum and Articles of Association were attached to that filing.

Status and investor considerations

Based on the information provided, Borqs continues to file reports with the SEC as a foreign private issuer and its shares trade on the U.S. OTC market under the symbol BRQSF. At the same time, the company has completed the sale of its core embedded software and customized IoT hardware businesses to Sasken Technologies. Borqs has indicated that it intends to focus on investment activities in areas such as AI, blockchain technologies and other capital-related ventures, using the proceeds of the sale and what it describes as a simplified capital structure.

Investors reviewing Borqs may wish to consider both the company’s historical role as an IoT and Android-based solutions provider and its stated plans to pursue new opportunities following the divestiture of its core operating businesses. The company’s SEC filings, including Form 20-F annual reports and Form 6-K current reports, provide additional detail on its financial position, capital structure changes and strategic transactions.