SAN JOSE, Calif. & DHAHRAN, Saudi Arabia—A strategic partnership has been formed between Aramco and GCT Semiconductor Holding Inc. (‘GCT’), a renowned entity in the field of advanced semiconductor solutions for 5G and 4G networks. This alliance is cemented through a Memorandum of Understanding (MOU) and is poised to propel the development of the 4G/5G communication ecosystem in Saudi Arabia, particularly focusing on mission-critical and public safety networks.
The collaboration is set to yield the design and joint creation of chipsets and modules that cater to LTE, 5G, and the NTN spectrum. This initiative is geared towards fostering the production of wireless end-user devices and IoT manufacturing within the Kingdom, marking a significant move towards technological self-sufficiency.
“Our collaboration with Aramco is an exciting step forward. We aim to combine our sophisticated 4G and 5G technologies with innovative AI-driven modem features to advance the local ecosystem. This will ensure robust and swift communications for vital applications in Saudi Arabia and the surrounding regions,” stated John Schlaefer, CEO of GCT Semiconductor.
About GCT Semiconductor Holding, Inc.
GCT stands as a premier fabless designer and provider of cutting-edge 5G and 4G LTE semiconductor solutions. The company has a proven market track record of delivering robust 4G LTE connectivity to a wide array of commercial devices, such as CPEs, mobile hotspots, routers, M2M applications, and smartphones. These devices serve some of the world’s leading wireless carriers. GCT’s system-on-chip solutions amalgamate radio frequency, baseband modem, and digital signal processing capabilities to offer comprehensive 4G and 5G platform solutions. These solutions are distinguished by their compact size, reduced power consumption, exceptional performance, reliability, and cost-efficiency.
Contacts
For further investor relations details, please visit the GCT Semiconductor investor relations portal. For inquiries, the Gateway Group can be reached, with Matt Glover & Ralf Esper ready to assist. For media-related information, Sophie Heerinckx is available for contact.