Gct Semiconductor Holding, Inc. · NYSE:GCTS
Gct Semiconductor — Investor Presentation (November 2024)
21 slides from Gct Semiconductor's investor presentation, November 2024
Slide 1: GCT Semiconductor Holding, Inc. Investor Presentation November 2024
GCT Semiconductor Holding, Inc. NYSE: GCTS Investor Presentation November 2024 GCT Semiconductor Holding, Inc.
Slide 2: Legal Disclaimer
Legal Disclaimer The information contained in this presentation is provided solely to familiarize readers of the business operations, market opportunities, technology and products of GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) and for no other purpose. By reviewing or reading this prese
Slide 3: GCT at a glance
GCT at a glance We are a leading supplier of highly-integrated 4G LTE and 5G semiconductor solutions, currently developing a competitive and cost-effective full-band 5G chipset portfolio for global markets What do we offer? Who do we offer it to? SoC(1) solutions and chipsets integrating RF, A varie
Slide 4: Market Opportunity
Market Opportunity Introduction • Market Opportunity • Business Overview GCT Semiconductor Holding, Inc. 4
Slide 5: A $23 billion global silicon market opportunity for GCT
A $23 billion global silicon GCT’s Targeted End Applications (2022)(1) CAGR market opportunity for GCT(1) Industrial M2M 2022-2028 18% Mobile Subscriptions by Technology Generation (billion)(2) 1.3B connections 5G LTE (4G) 3G 2G 10 CAGR 2022-2028 9.1B 9 Cellular IoT 25% 8.3B 8 500M connections 7 6 C
Slide 6: Powerful market forces favor GCT's strategic positioning
Powerful market forces favor GCT’s strategic positioning GCT’s full-stack technology platform and market neutrality “As we start to see more 5G chipsets coincide with 5G market tailwinds: getting embedded in edge equipment, not just devices that we use with our hands, I think you're going to begin t
Slide 7: Fixed wireless access (FWA) is the rising star of 5G
Fixed wireless access (FWA) is the rising star of 5G, accounting for a projected 30% of all 245(1) wireless service providers mobile network traffic by 2028(1) offer FWA globally today Global FWA connections will triple worldwide to 300 million from 2022 to 2028 (1) 50%(1) of FWA launches in 2028 U.
Slide 8: Business Overview
Business Overview Introduction • Market Opportunity • Business Overview GCT Semiconductor Holding, Inc. 8
Slide 9: GCT is a differentiated asset
GCT is a differentiated asset 4G/5G SoC is a high-level GCT believes we are one of only a handful of remaining suppliers with a credible full-featured 5G platform technology that requires complete design solutions including baseband modem, RF chip and a protocol stack up to EXITED 4G/ 1. Wireless mo
Slide 10: An established wireless silicon vendor with a long history of successful commercializations
An established wireless silicon vendor with a long history of successful commercializations 4G CAT3 4G CAT4 4G CAT4 + AP 4.5G CAT6 4.75G CAT12 CAT3 CAT4 CAT4 CAT12 CAT4 CAT6 CAT1 CAT4 USB dongle Module Mobile router Mobile router Mobile router Indoor UE relay M2M CPE Mobile router WX04 MagicBox Gen1
Slide 11: GCT's proprietary multi-antenna technology relieves carriers' network overloads
GCT’s proprietary multi-antenna technology is uniquely suited to relieve carriers’ looming network overloads arising from rapid FWA adoption “Fixed wireless access would likely be the first service to be impacted” by network overloads (1) 8A – The Brattle Group 4A 2A Traditional Advanced #A: Antenna
Slide 12: Vital to Verizon
Vital to Verizon ▪ Verizon has been a GCT end- GCT is one of only a few 5G chipset customer for over 12 years suppliers supporting Verizon’s data-centric device business(1) ▪ Verizon & GCT entered into a JDA agreement in 2020 covering the design and production of 5G chipsets for Verizon FWA home rou
Slide 13: Current traction and key 5G milestones
Current traction and key 5G milestones GCT Today: Key 4G Chipset Supplier Path to 5G Mass Production 1H2024 2H 2024 1H 2025E 2H2025E+ ✓ Designed in ✓ Qualified 5G chipset Lab testing & 5G Chipset Market development completion of expansion ✓ Certified ✓ Shipped in development Availability volume Sele
Slide 14: 4G portfolio and anticipated 5G roadmap
4G portfolio and anticipated 5G roadmap NR Advanced AI GDM7285X GDM7243 A/A+ NR Ultra GDM7259X Rel18 10CA 5G Modem + 4G CAT15 4G CAT12, 2CA 4x4MIMO, 8Rx, 28nm Rel16/171 8CA 5G Modem + 4G Octa Core CPU, AI-Engine – 8nm CAT19 Octa Core CPU – 8nm High Performance eMBB, URLLC, NTN 3, V2X 2 High performa
Slide 15: Key investment highlights
Key investment highlights Scarcity value and high barriers to Proven ability to support major 4G to 5G transition a boon to ASPs entry wireless programs and margins GCT is one of only a handful of remaining GCT has a proven history of supplying 4x difference in ASPs between 4G and 5G companies world
Slide 16: Risk Factor Summary
Risk Factor Summary • GCT’s products target primarily certain segments in the 5G markets, including fixed wireless access, mobile broadband, and machine-to-machine (M2M) applications, which markets may not develop as anticipated. • GCT may not be able to achieve design wins from customers, including
Slide 17: GCT Semiconductor Holding, Inc. NYSE: GCTS
GCT Semiconductor Holding, Inc. NYSE: GCTS Investor Presentation GCT Semiconductor Holding, Inc. 17
Slide 18: Appendix
Appendix GCT Semiconductor Holding, Inc. 18
Slide 19: Highly differentiated & innovative modem architecture
Highly differentiated d GDM7259X – NR Ultra Time Domain Processor TDP#4 DLP#4 Frequency Domain Processor FDP#4 & innovative modem Time Domain Processor TDP#5 DLP#5 Frequency Domain Processor FDP#5 HARQ Time Domain Processor TDP#6 DLP#6 Frequency Domain Processor FDP#6 architecture Time Domain Proces
Slide 20: GCT's 5G lineup provides cost advantages in addition to full performance
GCT’s 5G lineup with innovative leading-edge technology provides cost advantages in addition to full performance Multi-antenna modem with scalable and dedicated hardware architecture supports GCT’s cost-competitive positioning Scalable product lines with Cheaper wafer process node Flexible mmWave RF
Slide 21: Go-to-market strategy relies on mix of OEM/ODM customers and wireless operators globally
Go-to-market Original Design Original Equipment Operators Manufacturer (ODM) Manufacturer (OEM) strategy relies on KDDI Corporation UQ Communications Inc. mix of OEM/ODM Verizon Communications Inc. Sprint Corporation T-Mobile customers and Charter Communications cbrs Alliance Frontier Communications
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