Aramco and GCT Semiconductor Holding, Inc. Sign MOU to Accelerate the Development of the 4G and 5G Ecosystem in Saudi Arabia

SAN JOSE, Calif. & DHAHRAN, Saudi Arabia--(BUSINESS WIRE)--Aramco has signed a Memorandum of Understanding (MOU) with GCT Semiconductor Holding Inc. (“GCT”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, setting the stage for a strategic collaboration that would further develop the 4G/5G ecosystem in Saudi Arabia for both mission-critical and public safety networks. The collaboration aims to design and co-develop chipsets and modules tailored for LT