The event, held January 20-22 in Dhahran, Kingdom of Saudi Arabia, focuses on the advancements in private networks leveraging the 450 MHz spectrum

GCT Semiconductor Holding Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, announced today the participation in the Aramco Digital event, held in collaboration with the 450 MHz Alliance, on January 20-22 at the Sofitel Al Khobar The Corniche Hotel in Dhahran, Saudi Arabia. GCT will gather with industry leaders and innovators to discuss the global evolution and next generation of 450 MHz solutions.

Frank Jungman, Vice President of Technical Marketing of GCT, will be presenting at a panel discussion on “Evolving technologies, devices and MCX innovations,” held on January 21 at 14:15. Jungman will discuss the latest advancements in chipsets for the 450 MHz band and how the 450 MHz ecosystem will evolve in the next five to ten years. The panel will also address how emerging technologies such as artificial intelligence (AI) and machine learning (ML) take part in network and device optimization.

“We look forward to playing a key role in the evolving 450 MHz and 5G ecosystem, and further strengthening our partnership with Aramco as we continue to prepare for our 5G chipset launch,” said John Schlaefer, CEO of GCT. “This event offers a great opportunity to discuss and share ideas on how our latest GCT technology can play a part in transforming the future of critical infrastructure.”

About GCT Semiconductor Holding, Inc.

GCT is a leading fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions. GCT’s market-proven solutions have enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications, smartphones, etc., for the world’s top 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 cost-effectiveness. 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 potential application of GCT’s technology. Words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "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 the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause actual future events to differ materially from the expected results, include, but are not limited to: the ability of the Company to develop its 5G products and generate revenue; the ability of the Company to enter into and meet the obligations under partnership and collaboration agreements; the ability of the Company to grow and manage growth profitability 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 the future market demands and future needs of its customers; the impact of component shortages, suppliers' lack of production capacity, natural disasters or pandemics on the Company's sourcing operations and supply chain; the Company's future capital requirements and sources and uses of cash; the ability of the Company to raise sufficient capital to fund its operations; the ability to implement business plans, forecasts, and other expectations, including the growth of the 5G market; the risk that the Company may not be able to repay its debt; the risk of economic downturns that affects the Company's business operation and financial performance; the risk that the Company may not be able to develop and design its products acceptable to its customers; actual or potential conflicts of interest of the Company's management with its public stockholders; and other risks and uncertainties indicated from time to time in the Company's filings with SEC, including registration statements on Form S-1 and quarterly reports on Form 10-Q and those disclosures under the "Risk Factors" sections therein. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes 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.

  • Investor relations website: investors.gctsemi.com
  • Investor relations contact: Gateway Group, Matt Glover & Ralf Esper, GCT@gateway-grp.com
  • Media contact: Sophie Heerinckx, sheerinckx@gctsemi.com
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