CEO John Schlaefer at NYSE with Judy Shaw
GCT Semiconductor CEO discusses the importance of 5G and its business potential for the company
Press Releases
Strategic Partnership of Five Tech Leaders for End-to-End Solutions Within 450MHz Ecosystems
Transforming the utilities sector: a collaboration of Airspan, Cocus, Cyrus Technology, Frequentis and GCT Semiconductor
September 03, 2024 03:01 AM Eastern Daylight Time
ARSAW, Poland--(BUSINESS WIRE)--The five tech partners Airspan, Cocus, Cyrus Technology, Frequentis, and GCT Semiconductor Holding Inc. (NYSE: GCTS), proudly announce the strategic partnership aimed at advancing critical communication networks within the utilities sector. The collaboration will leverage the distinct strengths of each partner to deliver robust, end-to-end solutions within the 450MHz ecosystem, addressing the critical communication challenges faced by utility companies.
GCT Semiconductor Holding, Inc. to Present at the 2024 Gateway Conference on September 4th
GCT's Management Will Also Present at H.C. Wainwright 26th Annual Global Investment Conference on September 9th
SAN JOSE, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- GCT Semiconductor Holding, Inc. ("GCT" or the "Company") (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced its upcoming institutional investor conference attendance.
GCT Semiconductor Holding, Inc. Signs MOU with Global Tier One Telecommunications Supplier
The Agreement with Global Tier One Supplier Includes Development Collaboration on Fixed Wireless Access Devices Using GCT’s 5G Chipsets
SAN JOSE, CA– August 20, 2024 – GCT Semiconductor Holding Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, announced today the execution of a memorandum of understanding (“MOU”) with a tier one worldwide infrastructure and terminal provider (the “Tier One Supplier”) to collaborate on the development of Fixed Wireless Access (“FWA”) technology using GCT’s 5G solutions including modem chipset and RFIC. The Company expects to close a definitive agreement before the end of 2024.
GCT Semiconductor Holding, Inc. Reports Second Quarter 2024 Financial Results
SAN JOSE, CA – August 14, 2024 – GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today reported financial results for the second quarter ended June 30, 2024.
GCT Semiconductor signs MOU with Samsung to accelerate the development of 4G/5G chipsets and modules
GCT aims to advance 4G/5G solutions and further expand its ecosystem worldwide
SAN JOSE, CA – August 13, 2024 –GCT Semiconductor Holding Inc. (“GCT”) (NYSE: GCTS), a leading designer and supplier of advanced 4G and 5G semiconductor solutions, today announced the signing of a Memorandum of Understanding (MOU) with Samsung Electronics Co., Ltd (Samsung) that aims to accelerate the development of 4G/5G chipsets and modules, as well as drive the adoption by device makers.
GCT Semiconductor Holding, Inc. to Announce Second Quarter Financial Results and Hold Conference Call on August 14, 2024
SAN JOSE, CA – July 31, 2024 – GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced that the Company will release its financial results for the second quarter ended June 30, 2024, on Wednesday, August 14, 2024, after the market closes. The press release will be followed by a conference call and live webcast at 4:30 p.m. ET or 1:30 p.m. PST, which will be open to the public. During the conference call, the Company will review the financial results and discuss other business matters, followed by a Q&A period.
GCT Semiconductor and Ligado Networks Announce
Commercial Availability of Band 54 Modules
FCC Certification of GCT’s Luna Cat-12 LTE Module Paves the Way for Nationwide
Critical Infrastructure Private Network Use of Licensed Mid-band Spectrum
RESTON, Va. and SAN JOSE, Ca. – July 23, 2024 – Ligado Networks (“Ligado”), a satellite communications company, and GCT Semiconductor Holding Inc. (“GCT”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, announced today that GCT’s Luna Cat-12 LTE module is now commercially available after clearing Federal Communications Commission (FCC) certification. The module is a foundational technology for a new ecosystem of commercial devices operating on LTE Band 54 spectrum at 1670-1675 MHz.
GCT Semiconductor and Kyocera Sign Development and Partnership Agreement for Collaboration on a 5G Reference Platform for CPE Devices
New 5G reference platform aims to accelerate GCT’s development of 5G mmWave CPE devices for its 5G customers
SAN JOSE, CA – July 10, 2024 – GCT Semiconductor Holding Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, and Kyocera, a global leader in electronic components, information and communication technology (ICT) infrastructure and mobile devices, announce a collaboration to develop a 5G reference platform for customer premise equipment (CPE) and fixed wireless access (FWA) devices. The 5G reference platform incorporates GCT’s 5G chipset and Kyocera’s 5G mmWave antenna module. The new platform will play a key role in the development of Kyocera’s own products as well as GCT’s rapid development of 5G mmWave CPE devices for GCT’s 5G customers.
GCT Semiconductor Holding Announces Inclusion in Russell 3000® Index
GCT Joins Small-Cap Russell 2000® Index and Other Growth and Value Style Indexes
SAN JOSE, Calif. - July 1, 2024 - GCT Semiconductor Holding Inc. ("GCT" or the "Company") (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced its addition to the Russell 3000® Index as part of the annual Russell reconstitution, effective as of the open of US equity market today on July 1, 2024.
GCT Semiconductor Announces the World’s First Highly Integrated Multi-Mode LTE chipset Supporting the 450 MHz Spectrum
SAN JOSE, CA – May 28, 2024 – GCT Semiconductor Holding Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, announces the world’s first highly integrated multi-mode LTE chipset capable of operating in Cat 4, Cat 1bis, Cat-M1, Cat NB1/NB2 and non-terrestrial networks (NTN). Leveraging over two decades of leadership in 450 MHz solutions, this new SoC is optimized for device deployments in private, mission-critical infrastructure, and public utility networks around the globe, enabling true global coverage over land, sea, and air.
GCT Semiconductor Holding, Inc. Reports First Quarter 2024 Financial Results
SAN JOSE, Calif. - May 14, 2024 - GCT Semiconductor Holding, Inc. ("GCT" or the "Company") (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today reported financial results for the first quarter ended March 31, 2024.
Aramco and GCT Semiconductor Holding, Inc. sign MOU to accelerate the development of the 4G and 5G ecosystem in Saudi Arabia
SAN JOSE, CA and Dhahran, Saudi Arabia – April 5, 2024 – Aramco has signed a Memorandum of Understanding (MOU) with GCT Semiconductor Holding Inc. (“GCT” or the “Company”) (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.
GCT Semiconductor Appoints Nelson C. Chan to Board of Directors
SAN JOSE, CA – April 1, 2024 – GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced the appointment of Nelson C. Chan to its Board of Directors, effective March 26, 2024.
“We are pleased to welcome Nelson Chan to our Board of Directors,” said John Schlaefer, Chief Executive Officer of GCT. “Mr. Chan’s extensive and prominent board experience, deep understanding of 5G and AI technology, as well as his strong leadership skills will be a crucial asset to GCT as we embark on our new journey as a publicly listed company.”
GCT Semiconductor Becomes a Publicly Traded Company After Completing Business Combination with Concord Acquisition Corp III, Will Commence Trading on NYSE Under Ticker Symbol “GCTS”
Transaction values GCT at a pro forma enterprise value of approximately $461 million at closing
Pro forma valuation of GCT of up to approximately $667 million, which includes up to 20.6 million performance-based earnout shares
Transaction provided GCT approximately $50 million of gross proceeds to finalize development of a full-band 5G chipset portfolio as well as for expansion into new markets
Approximately $49 million has been funded via fully committed PIPE and convertible note financing from both existing and new investors of GCT
All GCT existing stockholders retained their equity holdings through GCT’s transition into the publicly listed company and substantially all outstanding convertible notes will convert into common stock at closing
SAN JOSE and NEW YORK, March 26, 2024 – GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, is pleased to announce the completion of its business combination, previously announced on November 3, 2023 with Concord Acquisition Corp III (NYSE: CNDB) (“Concord”) today. Concord’s sponsor is affiliated with Atlas Merchant Capital LLC, an investment firm that offers debt and equity investment strategies, seeking long-term value through differentiated expertise in financial services and credit markets. Commencing at the opening of trading on March 27, 2024, GCT common shares and warrants to purchase common shares will be listed on the NYSE under the ticker symbols “GCTS” and “GCTSW,” respectively. The transaction values GCT at an enterprise value of approximately $461 million, with a total pro forma enterprise value of $667 million, which includes 20.6 million performance-based earnout shares. The transaction has provided the combined company with approximately $50 million of gross proceeds to fuel its continued growth.
GCT Semiconductor Announces Appointment of Edmond Cheng as Chief Financial Officer
SAN JOSE, CA – March 22, 2024 – GCT Semiconductor, Inc. (GCT) a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced that the Board of Directors of GCT has appointed Edmond Cheng as Chief Financial Officer (CFO) effective March 18, 2024.
“We are pleased to welcome Edmond Cheng to the GCT team,” said John Schlaefer, Chief Executive Officer of GCT. “Edmond brings over 25 years of global leadership experience primarily in the technology and manufacturing industry across the United States, Asia, EMEA and the Middle East. His expertise and record of driving shareholder value, as well as his extensive experience in leadership and financial reporting requirements for public companies, will be a critical asset to us as GCT expects to close its business combination transaction with Concord Acquisition Corp. III and become a publicly listed company soon. We are fortunate to have Edmond on board to provide guidance through this transition and to help advance our goals and objectives as a public company.”
GCT Semiconductor and Concord Acquisition Corp III Announce Effectiveness of Registration Statement on Form S-4
Special Meeting of Stockholders Set for February 27, 2024
SAN JOSE and NEW YORK, February 15, 2024 – GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, and Concord Acquisition Corp III (NYSE: CNDB) (“Concord”), a special purpose acquisition company, announced today that the U.S. Securities and Exchange Commission (the “SEC”) has declared effective the Registration Statement on Form S-4 (as amended, the “Registration Statement”) filed by Concord and relating to the previously announced proposed business combination between GCT and Concord (the “Business Combination”).
Airspan Revolutionizes Utilities Market with Groundbreaking End-To-End Solution
BOCA RATON, FL. – January 17, 2024 – Airspan Networks Holdings Inc., a provider of ground-breaking, disruptive software and hardware for 5G networks and a pioneer in end-to-end Open RAN solutions, is delighted to announce its strategic entry into the Utilities market. With a pioneering end-to-end solution, Airspan is set to revolutionize the industry by offering a comprehensive package that includes the consumer device, the RAN (Radio Access Network), and the core network, seamlessly controlled by a single software platform.
Airspan to become a key player on the new 450MHz spectrum with vRAN solution
Airspan has formed a strategic partnership with GCT Semiconductor, Inc. (“GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, to develop a state-of-the-art RF module, designed to be utilized across a diverse range of devices. In addition, Airspan is introducing a new family of vRAN radios that cover the sub 1GHz spectrum. Complementing these hardware advancements, Airspan will also provide a scalable virtual core network. All these cutting-edge components will be managed by a unified software platform that seamlessly integrates with customers’ existing legacy management systems. The solution is modular, meaning that can be purchased as a whole or individual parts to be integrated with existing infrastructure. This comprehensive solution empowers utilities companies to optimize their operations and leverage their current infrastructure while embracing the latest advancements in wireless technology.
GCT Semiconductor to Become Publicly Listed via Merger with Concord Acquisition Corp III, Enhancing the 5G Silicon Ecosystem
Pro forma valuation of GCT of $661 million, which includes up to 20.0 million performance-based earnout shares
Transaction values GCT at a pro forma enterprise value of approximately $461 million at closing
Transaction is expected to provide GCT with up to $87 million of gross proceeds to fund continued development of a full-band 5G chipset portfolio and expansion into new markets
Approximately $43 million to be funded via fully committed PIPE and convertible note financing from both existing and new investors of GCT
All GCT existing stockholders will retain their equity holdings through GCT’s transition into the publicly listed company at closing
SAN JOSE and NEW YORK, November 3, 2023 – GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, and Concord Acquisition Corp III (NYSE: CNDB) (“Concord”), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that would result in GCT becoming a publicly traded company
GCT Semiconductor and Ligado Networks Partner to Enable Commercial Device Operation
on Band 54 Spectrum
Partnership Expands Ecosystem Utilizing Band 54 and Increases Private Network Opportunities for Critical Infrastructure Industry
RESTON, Va. and SAN JOSE, Ca. – October 10, 2023 – Ligado Networks and GCT Semiconductor announced today that GCT’s LTE and LTE-M commercial chipsets will enable devices to operate on LTE Band 54 spectrum at 1670-1675 MHz.
As a leading designer and supplier of 5G and advanced LTE solutions, GCT chipset support for LTE Band 54 expands the ecosystem utilizing the spectrum – while enhancing opportunities afforded to the critical infrastructure industry, including utility and other enterprise organizations seeking to deploy private networks.
More GCT Press Releases
June 21, 2022
NextNav Partners with GCT Semiconductor to Integrate TerraPoiNT Technology
March 6, 2022
January 24, 2021
July 1, 2020
July 24, 2019
Adesto’s AFE IP Licensed by GCT Semiconductor for Advanced 4G LTE Modem
October 25, 2018
GCT Semiconductor Complements Cellular Network with Sigfox
September 12, 2108
GCT Semiconductor's Multimode CAT-M1 IoT Chip Certified For Use on Verizon 4G LTE CAT-M1 Network
September 12, 2018
GCT Semiconductor Multi-Mode LTE IoT Solution Supports Growing LPWA Cellular and Sigfox Market
March 7, 2018
GCT Semiconductor Licenses CEVA Bluetooth Low Energy IP for its LTE IoT SoC
January 9, 2018
GCT and Ecrio Partner to Deliver VoLTE Over Cat-M1
December 6, 2017
GCT Semiconductor's 4G LTE IoT Chip Powers New AI Speaker Launched in South Korea
November 9, 2017
GCT Semiconductor LTE Advanced Pro 4.75G Single Chip Powers NEC Platforms Mobile Router
September 26, 2017
June 29, 2016
May 3, 2016
GCT Semiconductor Powers New Mobile Hotspot Now Available on Sprint's 4G LTE Network