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

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

Business Wire

SAN JOSE, Calif. -- March 20, 2013

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,”
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.

Contact:

GCT Semiconductor, Inc.
Alex Sum, +1-408-434-8022
VP Marketing/Business Development
Mobile: +1-408-835-9686
alexsum@gctsemi.com