Aramco and GCT Semiconductor Holding, Inc. Sign MOU to Accelerate the Development of the 4G and 5G Ecosystem in Saudi Arabia
05 Aprile 2024 - 2:00PM
Business Wire
Aramco has signed a Memorandum of Understanding (MOU) with GCT
Semiconductor Holding Inc. (“GCT”) (NYSE: GCTS), a leading designer
and supplier of advanced 5G and 4G semiconductor solutions, setting
the stage for a strategic collaboration that would further develop
the 4G/5G ecosystem in Saudi Arabia for both mission-critical and
public safety networks.
The collaboration aims to design and co-develop chipsets and
modules tailored for LTE, 5G and the NTN spectrum in order to
support the localization of wireless end-user devices and IoT
manufacturing throughout the Kingdom.
“We look forward to working with Aramco and leveraging our
advanced 4G and 5G capabilities with future-focused AI-driven modem
features to help develop the local ecosystem and provide reliable
and fast communication for their key applications in Saudi Arabia
and the broader region,” said John Schlaefer, CEO of GCT
Semiconductor, Inc.
About GCT Semiconductor Holding, Inc.
GCT is a leading fabless designer and supplier of advanced 5G
and 4G LTE semiconductor solutions. GCT’s market-proven solutions
have enabled fast and reliable 4G LTE connectivity to numerous
commercial devices such as CPEs, mobile hotspots, routers, M2M
applications and smartphones, etc., for the world’s top wireless
carriers. GCT’s system-on-chip solutions integrate radio frequency,
baseband modem and digital signal processing functions, therefore
offering complete 4G and 5G platform solutions with small form
factors, low power consumption, high performance, high reliability,
and cost-effectiveness. For more information, visit
www.gctsemi.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240405113613/en/
Investor relations website: investors.gctsemi.com Investor
relations contact: Gateway Group, Matt Glover & Ralf Esper,
GCT@gateway-grp.com Media contact: Sophie Heerinckx,
sheerinckx@gctsemi.com
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