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0 0.00283286118980164 0 0.00283286118980164 -0.0169971671388102 -0.00529745042492916 -0.00283286118980176 0.00288951841359767
Stock impact report

GCT Semiconductor Holding, Inc. Signs MOU with Global Tier One Telecommunications Supplier

GCT Semiconductor Holding, Inc. (GCTS) 
Company Research Source: Business Wire
The Agreement with Global Tier One Supplier Includes Development Collaboration on Fixed Wireless Access Devices Using GCT’s 5G Chipsets SAN JOSE, Calif.--(BUSINESS WIRE)--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.“With the continued 5G network expansion around the globe, there is a strong demand for faster and high-performing FWA technology and 5G devices,” said John Schlaefer, CEO of GCT. “We are excited to continue our relationship with this key customer and look forward to working closely together as they rol Show less Read more
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