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first sales & marketing office for the Asian region,
named "GCT Asia Pacific," located in Seoul, Korea.
GCT Asia Pacific ("GCT AP") will focus also on production
for that region.
"The Asia Pacific region is one of the most dynamic emerging
markets within the wireless communications industry,"
said Mr. K.S. Lee, CEO of GCT, "which is expected to
grow at a rate of 31% through the year 2004 for cellular and
PCS subscribers, according to a recent forecast conducted
by Strategies Unlimited. What's more, Bluetooth-enabled cellular
and PCS phones and notebook PCs bound for the Japanese market
are expected to initially take off faster than in the US.
Therefore, the establishment today of GCT AP in Asia is a
very timely global strategy.
He added: "GCT is the world's first company to provide
an integrated Direct Conversion CMOS implementation. GCT's
capabilities can facilitate the total integration of modem,
multimedia engine, and RF technologies. Also, GCT's single-chip
Bluetooth radio, modem, protocol stack, and additional applications
are fully compliant with the Bluetooth specification v 1.0b.
Based on these innovative technologies, GCT's best performance
Bluetooth solution can lead the burgeoning Bluetooth market.
In addition, GCT offers an IMT-2000 (W-CDMA) solution, which
is anchored in both RF CMOS and all-in-one MSM technologies.
We believe this will provide an optimal solution for IMT-2000.
"We are also happy to announce that GCT AP has recently
hired some highly talented new personnel. We believe that
their combined experience and knowledge will allow GCT to
fully exploit its core competencies and to become a key player
in the Asian Pacific market very soon.
At the head of GCT AP will be its newly appointed president-
Mr. S.D. Joe, formerly President of Advanced Core Tech, Inc.,
which is GCT's R&D subsidiary. Mr. Joe is also VP of Sales
& Marketing for GCT, the parent company. Prior to joining
GCT, Mr. Joe spent over 6 years at Silicon Graphics, Inc.
as Country Manager of Korea and Director of Sales Operations
for the Asia Pacific region. His efforts contributed to a
dramatic increase in sales revenue in Korea from US$ 8 million
to over US$ 50 million within 3 years. His former background
of working for the Silicon Valley branch of the Korean conglomerate,
Hyundai Electronics will further help to drive GCT to become
a real global force to contend with.
Headquartered in Santa Clara, CA, GCT is a leading semiconductor
developer, manufacturer and supplier of its high performance
single-chip RF IC based on its patented Direct Conversion
architecture with the most economical CMOS process technology
around. For more information on GCT and our Direct Conversion
technology, please visit us at http://www.gctsemi.com
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