GCT Semiconductor Holding Inc. Signs Reference Platform Deal with Major Satellite Communications Provider

GCT Semiconductor Holding Inc. (“GCT” or the "Company") (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, announced it has signed a reference platform agreement with one of the world’s largest satellite communications providers, supplementing a 5G/4G Chipset Licensing agreement executed in January. Under this new agreement, GCT will provide a reference design built around its 5G and 4G chipsets that will be used to expedite the development of the provider’s next-generation user equipment, enabling high-bandwidth, high-speed communications across satellite and terrestrial networks. By leveraging GCT’s new 5G platform, the provider can more efficiently enable OEM/ODM suppliers of user equipment, which will further support the expansion of its satellite network and customer base.

“Signing the reference platform agreement underscores the trust our partner has placed in GCT’s technology and our ability to deliver,” said John Schlaefer, CEO of GCT. “Our 5G chipsets will play a central role in expanding their satellite network and unlocking new capabilities for customers worldwide.”