GCT Semiconductor surges after signing MOU with Samsung

GCT Semiconductor Holding

13/08/2024 12:12

** Shares of 4G and 5G chipmaker GCT Semiconductor Holding
 GCTS.N  rises 30.3% to $4.48 premarket
    ** GCTS signs MOU with South Korea's Samsung Electronics
 005930.KS 
    ** Samsung to provide test environments and interoperability
and device testing support for GCT's chipset certification
    ** Cos will work to support wireless operators, including
Saudi Arabian oil group Aramco
    ** GCTS down more than 65% YTD

 (Reporting by Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))