GCT SEMICONDUCTOR


Associated tags: GCT, Radio, Semiconductor, Wireless, 5G, Internet, Hardware, LTE, Internet of things, IOT (Internet of Things), Mobile, Business analyst

Locations: UNITED STATES, NORTH AMERICA, CALIFORNIA, NEW YORK, US, FLORIDA, SOUTH KOREA, ASIA PACIFIC, BLACKSTONE, MEXICO, MIDDLE EAST, ASIA

Aramco and GCT Semiconductor Holding, Inc. Sign MOU to Accelerate the Development of the 4G and 5G Ecosystem in Saudi Arabia

Retrieved on: 
Friday, April 5, 2024
Technology, Mobile, Wireless, Semiconductor, 5G, Networks, Internet, Hardware, IOT (Internet of Things), Consumer Electronics, GCTS, LTE, Internet of things, NTN, MOU, Saudi Aramco, Mobile phone

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.

Key Points: 
  • 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.

GCT Semiconductor Appoints Nelson C. Chan to Board of Directors

Retrieved on: 
Monday, April 1, 2024
5G, Telecommunications, Networks, Hardware, Consumer Electronics, Technology, Semiconductor, Mobile, Wireless, Electrical engineering, GCTS, Business administration, Senior management, SanDisk, Synaptics, AI, University, Laboratory, GCT, Silicon, Santa Clara University, Adesto Technologies, Computer

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.

Key Points: 
  • 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.
  • He is currently Chair of the Board of Directors of Synaptics and a member of the Board of Directors of Deckers Outdoors and Twist Bioscience.
  • Mr. Chan was previously Chair of the Board of Directors of Adesto Technologies, Chair of the Board of Directors of Outerwall, and a member of the Board of Directors of Affymetrix, Silicon Laboratories, Inc., and Socket Mobile.

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"

Retrieved on: 
Tuesday, March 26, 2024
Semiconductor, IOT (Internet of Things), Technology, Telecommunications, 5G, Hardware, Morgan, Lewis & Bockius, Growth, Atlas, LTE, Internet of things, LLP, GCT, Earnout, DLA Piper

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.

Key Points: 
  • 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.
  • 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 has provided the combined company with approximately $50 million of gross proceeds to fuel its continued growth.
  • DLA Piper LLP (US) is acting as legal advisor to TD Cowen and B. Riley Securities, Inc.

GCT Semiconductor Announces Appointment of Edmond Cheng as Chief Financial Officer

Retrieved on: 
Friday, March 22, 2024
Semiconductor, IOT (Internet of Things), Technology, Mobile, Wireless, 5G, Internet, Hardware, Financial management, EV, Growth, GCB, CFO, Business administration, TCL Electronics, Columbia University, University, IPO, GCT, MBA, Bachelor, Electronics, Treasury, Temasek Holdings, Accounting, Pacific Northwest, Management

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.

Key Points: 
  • 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.
  • Cheng currently serves on the Board of GCB AutoZ which seeks to be the leader in the automotive aftermarket based in Mexico.

GCT Semiconductor and Concord Acquisition Corp III Announce Effectiveness of Registration Statement on Form S-4

Retrieved on: 
Thursday, February 15, 2024
Semiconductor, IOT (Internet of Things), Technology, Mobile, Wireless, 5G, Internet, Hardware, Acquisition, LTE, GCT, Register, Meeting, Internet of things, Form, Date, Business analyst, Eastern Time Zone, Bank statement

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”).

Key Points: 
  • 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”).
  • Further information regarding the Meeting is set forth in the proxy statement/prospectus included in the Registration Statement.
  • A definitive proxy statement/prospectus is being mailed to Concord stockholders of record as of close of business on February 5, 2024 (the “Record Date”).
  • Concord stockholders of record as of the Record Date will be entitled to notice of, and to vote at or before, the Meeting.

Airspan Revolutionizes Utilities Market with Groundbreaking End-to-End Solution

Retrieved on: 
Wednesday, January 17, 2024
Software, Networks, Internet, Hardware, Utilities, Consumer Electronics, IOT (Internet of Things), Energy, Technology, Semiconductor, 5G, Other Technology, Public utility, GCT, RAN, Wireless, Partnership, SVP, MWC, LTE, Telecommunications, Internet of things, Radio access network, Hall

In a move to further strengthen its commitment to the Utilities market, Airspan has joined forces with the 450MHz Alliance.

Key Points: 
  • In a move to further strengthen its commitment to the Utilities market, Airspan has joined forces with the 450MHz Alliance.
  • "We are incredibly excited to strengthen our position into the Utilities market," said Henrik Smith-Petersen, CSMO at Airspan.
  • We are very excited to participate with Airspan in the utilities sector with what we believe is a game-changing end-to-end solution that promises unparalleled performance and reliability."
  • Be sure to visit us at Hall 2 - 2E20 during MWC 2024 for an exclusive sneak preview of our cutting-edge RAN product and comprehensive end-to-end solution for the utilities market.

GCT Semiconductor to Become Publicly Listed via Merger with Concord Acquisition Corp III, Enhancing the 5G Silicon Ecosystem

Retrieved on: 
Friday, November 3, 2023
Semiconductor, IOT (Internet of Things), Technology, Mobile, Wireless, 5G, Internet, Hardware, Internet of things, OEM, Business analyst, ASPS, Multi, NYSE, RF, DLA Piper, History, Earnout, GCT, Morgan, Lewis & Bockius, Original equipment manufacturer, Acquisition, LTE, CAT7, ODM, Samsung Electronics, Environment, Growth, LLP, CAT3, Modem, 8-K, TD, SOC, PIPE, CPE, Silicon, Samsung, Sales, Cryptocurrency, Mobile phone, Printed circuit board, Concord

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.

Key Points: 
  • 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.
  • Upon closing of the proposed transaction, the combined company will operate as GCT Semiconductor and is expected to be listed on the NYSE under the ticker symbol “GCTS”.
  • We look forward to working with GCT to capitalize on this exciting market opportunity.”
    GCT Semiconductor is a leading supplier of highly integrated 4G LTE and 5G semiconductor solutions.
  • GCT has over 120 patents globally, engagements with multiple 5G partners, and proprietary Multi-antenna Modem and transceiver technology.