GCT Semiconductor Announces 3G/2G IP Licensing Agreement With LG Electronics

SAN JOSE, Calif.--(BUSINESS WIRE)--GCT® Semiconductor, a leading designer and supplier of advanced 4G mobile semiconductor solutions, today announced that it has entered into a 3G/2G IP licensing agreement with LG Electronics (LG), a global leader and technology innovator in consumer electronics. This IP will enable GCT to offer proven multi-mode 4G/3G/2G solutions to operators worldwide who are rolling out LTE.

“We believe this licensing agreement with LG will strengthen and enhance our 4G product roadmap, and enable us to support 3G/2G backward compatibility”

“We believe this licensing agreement with LG will strengthen and enhance our 4G product roadmap, and enable us to support 3G/2G backward compatibility,” said Alex Sum, vice president of marketing and business development at GCT Semiconductor, Inc.

Based on the successful commercialization of its FDD-LTE single-chip GDM7240, GCT continues to expand its 4G leadership position by offering next-generation FDD/TDD LTE as well as multi-mode LTE/3G/2G solutions. This licensing agreement opens opportunities with HSPA-based operators who are evolving to LTE.

About GCT Semiconductor, Inc.

GCT Semiconductor is a leading fabless designer and supplier of advanced 4G mobile solutions. GCT’s products are system-on-a-chip solutions that integrate radio frequency, baseband modem and digital signal processing functions onto a single die for the 4G LTE and WiMAX markets. GCT was the first to commercialize single-chip solutions for LTE and WiMAX. GCT’s proprietary technology and system-level expertise enable it to provide complete 4G platform solutions, which are differentiated by their small form factors, low power consumption, high performance, high reliability and cost effectiveness. For more information, visit www.gctsemi.com.