Aramco and GCT Semiconductor Holding to Accelerate Saudi Arabian 4G and 5G Ecosystem Development

April 5, 2024

DENVER, Colo., Apr 05, 2024 (247marketnews.com)- GCT Semiconductor Holding Inc. (NYSE:GCTS) and Aramco reported signing a Memorandum of Understanding to form a strategic collaboration 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 Saudi Arabia, including the development of the 4G/5G ecosystem throughout the Kingdom, for both mission-critical and public safety networks.

“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.

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