GCT Semiconductor (GCTS) announced the signing of a definitive agreement with a European tier one wireless infrastructure and terminal provider to collaborate on the development of Fixed Wireless Access technology using GCT’s 5G solutions including modem chipset and RFIC. The company previously announced the signing of an MOU with the Tier One Supplier in August 2024, a continuation of an existing key customer relationship now moving to 5G. GCT expects the launch of FWA devices related to this activity to commence in the second half of 2025.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GCTS:
- GCT Semiconductor Reports Q3 2024 Financial Results
- GCT Semiconductor reports Q3 EPS (16c) vs (18c) last year
- GCT Semiconductor falls -9.3%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
