GCT Semiconductor Holding Collaborates With Iridium Communications To Integrate Iridium NTN Direct Service Into GCT's Advanced GDM7243SL Chipset

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GCT Semiconductor Holding, Inc. Common Stock

GCTS

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Iridium Communications Inc.

IRDM

18.73

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GCT plans to enhance its advanced GDM7243SL 4G/5G chipset to support Iridium NTN NB-IoT

GCT Semiconductor Holding Inc. ("GCT") (NYSE:GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced its collaboration with Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communication, to integrate the Iridium NTN Direct℠ service into GCT's advanced GDM7243SL chipset.

GCT and Iridium will work together to expedite the development of a new Iridium® network-enabled Narrowband Internet of Things (NB-IoT) chipset based on requirements for 3GPP Release 19. Both companies will jointly explore opportunities, business models, use cases, and commercial deployments requirements for the new Iridium network-enabled NB-IoT chipset, designed for the next wave of 5G Advanced that will integrate satellite technologies into 5G.

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