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GCT Semiconductor Holding Inc. (symbol: GCTS) is a leading designer and supplier of advanced 5G and 4G LTE semiconductor solutions. The company plays a pivotal role in enabling fast and reliable connectivity across a wide range of commercial devices, including CPEs, mobile hotspots, routers, M2M applications, and smartphones.
GCT Semiconductor's system-on-chip (SoC) solutions integrate crucial functions such as radio frequency, baseband modem, and digital signal processing. These integrated solutions provide a complete platform that ensures high performance, high reliability, and cost-effectiveness while maintaining small form factors and low power consumption.
The company's innovative 4G LTE technology has been instrumental in connecting numerous devices, offering seamless and efficient connectivity solutions.
GCT Semiconductor continually strives to stay at the forefront of technological advancements. The company's focus on 5G development aims to provide enhanced network capabilities, supporting the ever-growing demand for faster and more efficient wireless communication.
Recent achievements include successful partnerships with key players in the telecommunications industry, further solidifying its position as a trusted supplier of semiconductor solutions. The company remains dedicated to delivering high-quality products that meet the evolving needs of the market.
In the financial realm, GCT Semiconductor has shown a commitment to maintaining a strong financial condition, ensuring its ability to invest in future projects and innovations. With a forward-thinking approach and a solid track record, the company is well-positioned to capitalize on emerging opportunities in the rapidly evolving tech landscape.
GCT Semiconductor Holding (NYSE: GCTS) has signed a definitive agreement with a European tier one wireless infrastructure provider to develop Fixed Wireless Access (FWA) technology using GCT's 5G solutions. This follows their MOU signing in August 2024 and builds on an existing customer relationship. The FWA devices launch is expected in H2 2025. According to the Ericsson Mobility Report, 5G FWA connections are projected to grow from ~30 million to ~280 million between 2023 and 2029, representing an 800% increase.
GCT Semiconductor (NYSE: GCTS) reported Q3 2024 financial results with net revenues of $2.6 million, showing a 77.8% sequential increase from last quarter but a 42% decrease year-over-year. The company achieved a gross margin of 62.3% and signed an MOU with a global tier one telecommunications supplier for Fixed Wireless Access devices development. Volume shipments of 5G chipsets are expected to commence in H1 2025. The company extended approximately $22.6 million of current liabilities into 2025 and is in discussions with potential investors for additional capital. R&D expenses increased 78% to $4.2 million, primarily due to 5G chip development.
GCT Semiconductor Holding (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, has announced its participation in two upcoming investor conferences. The company will attend the 13th Annual ROTH Technology Conference on November 20, 2024, at the Hard Rock Hotel in New York City, where management will be available for one-on-one meetings. Additionally, GCT's management team will present at the Sidoti Small-Cap Virtual Conference scheduled for December 4-5, 2024.
GCT Semiconductor Holding (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, has scheduled its third quarter 2024 financial results announcement for Thursday, November 14, 2024, after market close. The company will host a conference call and live webcast at 4:30 p.m. ET to discuss financial results and other business matters, followed by a Q&A session. Interested parties can access the call through advance registration or listen to the webcast through the company's investor relations website.
Airspan, Cocus, Cyrus Technology, Frequentis, and GCT Semiconductor have announced a strategic partnership to advance critical communication networks in the utilities sector. The collaboration aims to deliver end-to-end solutions within the 450MHz ecosystem, addressing challenges faced by utility companies such as coverage blind spots and the need for reliable connectivity.
The partnership will leverage each company's strengths to create a comprehensive solution integrating advanced hardware, software, and system integration. A key focus is demonstrating an end-to-end system operating on 410MHz and 450MHz frequencies at Airspan's new Utilities Innovation Lab in Warsaw. This lab will showcase the integrated capabilities of the collaboration, including Airspan's Open RAN solutions, Cocus's system integration and Core Network services, Cyrus Technology's rugged devices, Frequentis' MCX/MCS solutions, and GCT Semiconductor's RF modules.
GCT Semiconductor Holding (NYSE: GCTS), a leading 5G and 4G semiconductor solutions provider, has announced its participation in two upcoming investor conferences. The company will present at the 2024 Annual Gateway Conference on September 4th at 8:30 a.m. PT in San Francisco, and at the H.C. Wainwright 26th Annual Global Investment Conference on September 9th at 2:00 p.m. ET in New York.
At both events, GCT's management team will deliver presentations and be available for one-on-one meetings with institutional investors. These conferences provide GCT with opportunities to showcase its advanced semiconductor solutions and engage with potential investors. Interested parties can request invitations or schedule meetings through the provided contact information.
GCT Semiconductor Holding Inc. (NYSE: GCTS), a leading 5G and 4G semiconductor solutions designer, has signed a memorandum of understanding (MOU) with a global tier one telecommunications supplier. The agreement focuses on collaborating on Fixed Wireless Access (FWA) technology development using GCT's 5G solutions, including modem chipsets and RFIC.
Key points:
- GCT expects to finalize a definitive agreement by the end of 2024
- The collaboration aims to enhance FWA technology and 5G devices
- Launch of FWA devices is anticipated in the second half of 2025
- The MOU extends GCT's existing relationship with the tier one supplier to include 5G chipsets
CEO John Schlaefer expressed excitement about continuing the relationship with this key customer and working together on their 5G offering with GCT chipsets in 2025.
GCT Semiconductor Holding, Inc. (NYSE: GCTS) reported Q2 2024 financial results. Net revenues decreased to $1.5 million due to the planned transition from 4G to 5G chips. The company's 5G chipset development is progressing with initial deliveries expected in Q4 2024. GCT announced collaborations with Samsung and Kyocera to accelerate 5G development. Gross margin decreased to 63% from 66% year-over-year. Research and development expenses increased by 4% to $4.2 million. The company's liquidity includes $4.0 million in cash and cash equivalents and $5.2 million in net accounts receivable. GCT expects volume shipments of 5G chipsets to commence in the first half of 2025.
GCT Semiconductor Holding Inc. (NYSE: GCTS), a leading 4G and 5G semiconductor solutions designer, has signed a Memorandum of Understanding (MOU) with Samsung Electronics Co., The partnership aims to accelerate the development of 4G/5G chipsets and modules and drive their adoption by device makers. GCT and Samsung will collaborate to promote their combined solution and strengthen the ecosystem of OEM/ODM device makers, supporting wireless operators worldwide, including Saudi Arabia's Aramco.
The collaboration focuses on advancing the 5G ecosystem for various devices such as CPEs, mobile routers, ruggedized industrial phones, and IoT devices. Samsung will provide test environments and support for GCT's chipset certification. This partnership is expected to expand the 4G/5G ecosystem in Saudi Arabia and beyond, addressing the increasing demand for faster data speeds and greater network capacity.
GCT Semiconductor Holding, Inc. (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, has announced that it will release its financial results for the second quarter ended June 30, 2024, on Wednesday, August 14, 2024, after market close. The company will host a conference call and live webcast at 4:30 p.m. ET (1:30 p.m. PST) on the same day to discuss the results and other business matters.
Investors and interested parties can participate in the conference call by registering in advance. A webcast option is also available for those who wish to listen only. A replay of the webcast will be accessible through the Investors section of GCT's website at investors.gctsemi.com.
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