GCT Semiconductor announces the world’s first highly integrated multi-mode LTE chipset with 450 MHz spectrum support
SAN JOSE, California, May 28, 2024–(BUSINESS WIRE)–GCT Semiconductor Holding Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and provider of advanced 5G and 4G semiconductor solutions, announces the world’s first highly integrated multiconductor . LTE chipset capable of operating on Cat 4, Cat 1bis, Cat-M1, Cat NB1/NB2 and non-terrestrial networks (NTN). Leveraging more than two decades of leadership in 450 MHz solutions, this new SoC is optimized for device deployments in mission-critical private infrastructure and utility networks around the world, enabling true global coverage across land, sea and air.
As 450 MHz deployments are expected to grow into the tens of millions, GCT is utilizing its deep experience in both the 450 MHz space and the industrial sector to enable 450 MHz Alliance members to address new markets and requirements. “Deployments of 450 MHz devices are already in millions of devices around the world and meet critical communications needs in security and emergency services, as well as remote healthcare facilities, schools and more,” said John Schlaefer, CEO of GCT. “With this new chipset, GCT is fully ready to support the continued growth of 450 MHz, 410 MHz and 380 MHz networks around the world.”
“We are excited for GCT to continue to support the 450 MHz Alliance members and ecosystem,” said Gösta Kallner, Executive Chairman of the 450 MHz Alliance. “Bringing a new LTE chipset to the market during a time when 5G has gained prominence shows true leadership and understanding of the 450 MHz market as it enters a period of strong growth.”
With dual RX and dual low-band TX, the GDM7243SL utilizes UL diversity and higher power to maintain connectivity even in challenging conditions such as deep underground or remote forests that do not have access to traditional terrestrial networks. GCT’s new dual-core solution offers integrated RAM and optional Flash, allowing customers to create fully integrated devices without the need for an external processor. The GDM7243SL’s monolithic baseband and radio feature tuning from 380 MHz to 3,800 MHz, with multiple ports available to reduce external RF components.
The GDM7243SL is expected to be sampled by customers in the fourth quarter of this year. Contact sales@gctsemi.com for more information.
About GCT Semiconductor Holding, Inc.
GCT is a leading fabless designer and provider of advanced 5G and 4G LTE semiconductor solutions. GCT’s market-proven solutions have enabled fast and reliable 4G LTE connectivity for various commercial devices such as CPEs, mobile hotspots, routers, M2M applications, smartphones, etc. for the world’s leading wireless carriers. GCT’s system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability and economy. For more information visit www.gctsemi.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1955. These forward-looking statements include, without limitation, statements regarding 450 MHz deployments, the expected timeline for I send company samples and products to support 450 MHz deployments. Words like “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity” , “plan”, “may”, “should”, “”will”, “would”, “will”, “will continue”, “will likely result” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions , projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are beyond the Company’s control and are difficult to predict. Factors that could cause actual future events to differ materially from expected results include, but are not limited to: the Company’s ability to develop its 5G products and generate revenue; the Company’s ability to grow and manage the profitability of growth and retain its key employees; the Company’s financial and business performance, including the Company’s financial projections and business metrics; changes in the Company’s strategy, future operations, financial position, estimated revenues and losses, forecasts, projected costs, prospects and plans; the Company’s inability to anticipate future market demands and the future needs of its customers; the impact of component shortages, lack of supplier production capacity, natural disasters or pandemics on the Company’s supply operations and supply chain; the Company’s future capital requirements and sources and uses of cash; the Company’s ability to raise sufficient capital to finance its operations; the ability to implement business plans, forecasts and other expectations, including 5G market growth; the risk of economic crises that affect the Company’s commercial operations and financial performance; the risk that the Company will not be able to develop and design its products acceptable to its customers; real or potential conflicts of interest between the Company’s management and its public shareholders; and other risks and uncertainties indicated from time to time in the registration statement on Form S-1 and Form 10-Q filed with the SEC, including those in the “Risk Factors” section and other filings with the SEC. The above list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and the Company undertakes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
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