LONDON Wireless communications chip specialist GCT Semiconductor, Inc. (San Jose, Calif.) has closed a $5 million Series E financing round that brought in strategic investments from DoCoMo Capital, Inc. and JAIC America, Inc.
The move reinforces GCT's solid relationships in Japan.
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. The money will also go towards expanding a novel range of digital mobile TV single-chip tuners.
Dr. Kyeongho Lee, President and CEO of GCT Semiconductor said the new and strategic investors "will 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."
GCT has become a key player with leading handset makers designing devices for W-CDMA, PHS, and mobile TV technologies. The company also supplies devices for Unlicensed Mobile Access (UMA) and SIP-based VoWLAN capability.