GCT Semiconductor Signs MOU With Global Tier One Telecommunications Supplier To Collaborate On The Development Of Fixed Wireless Access Technology Using GCT's 5G Solutions Including Modem Chipset And RFIC
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GCT Semiconductor Holding Inc. (NYSE:GCTS) has signed a memorandum of understanding with a global tier one telecommunications supplier to develop Fixed Wireless Access technology using GCT's 5G solutions. A definitive agreement is expected by the end of 2024.
August 20, 2024 | 12:06 pm
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GCT Semiconductor has signed an MOU with a major telecom supplier to develop 5G Fixed Wireless Access technology, potentially boosting its market position in 5G solutions.
The MOU with a global tier one supplier indicates a significant partnership that could enhance GCT's market position in the 5G sector. The anticipation of a definitive agreement by 2024 suggests a long-term commitment, likely to positively impact GCT's stock in the short term as investors react to the potential for future growth.
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