Twenty-five-year semiconductor veteran to deliver GCT's solutions to emerging wireless and multi-media markets

San Jose, CA - June 27, 2001 - GCT Semiconductor, Inc. (GCT), a leading supplier of integrated CMOS solutions for the wireless communication industry, today announced the appointment of Bob Hoard as vice president of sales operations for its U.S. region. Hoard brings thirty years of sales expertise to GCT with a seasoned knowledge of the semiconductor industry.

Hoard will be responsible for the planning and organization of GCT's sales operations for the US region. With his depth of experience and proven success in hi-tech sales, Hoard will also be supporting business development activities and marketing strategies for GCT in coordination with the company's business development team.

"It is important to the success of GCT Semiconductor that our people have a strong understanding of the methodologies that have allowed us to develop the high-performance, cost-effective chips needed to make wireless networking a reality," said K.S. Lee, GCT's president and CEO. "Bob's extensive experience in semiconductor sales is a perfect fit for delivering our multi-mode RF solutions to various emerging wireless standards."

"This is a once-in-a-career type of opportunity for me," said Hoard. "GCT is a rapidly growing semiconductor company with solid technologies supporting its solutions for the wireless communication industry. I am proud to be a part of its dynamic team."

Hoard comes to GCT from his previous post as vice president of sales at Waferscale Integration, Inc., which was acquired by STMicroelectronics in September of 2000. Prior to that Hoard held a variety of positions with such notable companies as Oki Semiconductor, Philips/Signetics Corporation, and Ampex Corporation. Hoard holds a B.S. degree in Industrial Engineering from Purdue University and a MBA from University of Santa Clara.

The design and manufacturing advances developed at GCT allow the company to demonstrate direct conversion RF on standard CMOS-paving the way for new cost-effective transmitter/receiver chipsets for WCDMA as well as highly integrated CMOS PLL circuits with on-chip VCO for CDMA and GSM wireless standards.

About GCT Semiconductor, Inc.

GCT Semiconductor is a leading supplier of integrated CMOS solutions for the Wireless Communication Industry. The company uses advanced design methodologies that have allowed the company to develop cost-effective chipsets that are manufactured on standard CMOS processes. GCT's unique ability to use standard manufacturing processes and yet achieve high performance standards for cellular, local and personal area wireless networks has resulted in new direct conversion RF and advanced PLL circuits ideal for a variety of wireless communication applications. The company provides innovative chipsets in support of Bluetooth and all major cellular protocols including the third generation (3G) standard. The company's Web site can be found at http://www.gctsemi.com.

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