GCT Semiconductor investment validates strong relationships in Japan
This strategic round of financing by DoCoMo Capital, Inc. and JAIC America, Inc. reinforces GCT's solid relationships in Japan. DoCoMo Capital and JAIC America have invested after careful evaluation of GCT's product portfolio and solutions, and assessment of GCT's progress developing future technologies.
"We are very pleased to be partnering with DoCoMo Capital, Inc. and JAIC America, Inc.," commented Dr. Kyeongho Lee, President and CEO of GCT Semiconductor. "These key strategic investors play a significant role in advancing our position as a leader in CMOS RF and SoC solutions in general, and more specifically for the W-CDMA and ISDB-T wireless standards. This investment strengthens our key relationships in Japan and helps finance the growth of our company."
The new capital will be used to continue expansion of global operations, and to accelerate product development of GCT's RF CMOS technology for mobile handsets. In addition, GCT will continue to expand its innovative and industry leading line of digital mobile TV single-chip tuners.
"DoCoMo Capital focuses on advancing cutting-edge technologies to promote growth in the wireless industry," said Nobuyuki Akimoto, President and CEO of DoCoMo Capital, Inc. "Our venture investment with GCT Semiconductor will help ensure that key enabling technologies are available to the suppliers of next generation mobile handsets and other terminal devices."
"GCT Semiconductor continues to demonstrate leadership in the wireless industry with its unique CMOS RF expertise, and has shown great success and capability as a key player with leading handset solutions for W-CDMA, PHS, and mobile TV technologies," said Jack Umezu, President and COO of JAIC America. "JAIC is very optimistic about GCT's potential as they tap into new and exciting markets such as W-CDMA/Edge and the emerging ISDB-T/DVBH mobile TV space."
