24/7 Market News- GCT Semiconductor Plans on Accelerating the Development of 4G/5G Chipsets with Samsung

August 13, 2024

DENVER, Colo., Aug 13, 2024 (247marketnews.com)- GCT Semiconductor Holding Inc. (NYSE: GCTS) stated that it signed a Memorandum of Understanding with Samsung Electronics, designed to accelerate the development of 4G/5G chipsets and modules.

GCT’s CEO, John Schlaefer, stated, “GCT is pleased to continue collaboration with its long-standing partner Samsung.

“We look forward to expanding the 4G/5G ecosystem in Saudi Arabia and beyond, and supporting 5G and 4G wireless operators with their rising needs as they address increasing demand for faster data speed and more capacity.”

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