GCT

GCT Celebrates Earth Day with New Partnership

Retrieved on: 
Monday, April 22, 2024
Agriculture, EVS, STS, Biodiversity, Safety, GCT, Fraser River, Pacific Ocean, Partnership, TEU, Estuary, Plant, Certification, EV, Lighting, GLARE, LED, ESG, NTBC, GHG, Wetland, Running, Organization, Roberts Bank Superport, Government, Easement, Renewable energy

Vancouver, BC, Canada, April 22, 2024 (GLOBE NEWSWIRE) -- As we commemorate Earth Day on April 22, Global Container Terminals (GCT) reaffirms our commitment to environmental stewardship.

Key Points: 
  • Vancouver, BC, Canada, April 22, 2024 (GLOBE NEWSWIRE) -- As we commemorate Earth Day on April 22, Global Container Terminals (GCT) reaffirms our commitment to environmental stewardship.
  • Through these proactive measures, GCT is continuously working to improve environmental performance at our terminals, surpassing regulatory standards, and embracing sustainable innovation.
  • Actively expanding EV charging infrastructure across GCT Deltaport and GCT Vanterm, with 28 operational EV chargers already in place.
  • The GCT Deltaport prime route optimization program continues to reduce kilometres traveled by on-terminal equipment and cut tire consumption.

GigaCloud Technology Inc Launches New Service

Retrieved on: 
Thursday, April 4, 2024
Quality control, Growth, Partnership, Procurement, Knowledge, Noble, As a service, GCT, Stock, B2B, Supplier, Marketing, Sales

EL MONTE, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced the launch of its industry-first service, “Branding-as-a-Service” or “BaaS”.

Key Points: 
  • EL MONTE, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced the launch of its industry-first service, “Branding-as-a-Service” or “BaaS”.
  • Designed to enhance the competitiveness of furniture suppliers, the GigaCloud BaaS Program selects and allows Sellers in the B2B GigaCloud Marketplace to sell products under one of the leading American furniture brands, Christopher Knight Home.
  • GigaCloud sets out the product development and quality control standards and oversees the brand management, fulfillment, and marketing and promotion of the branded products.
  • Having Marshall as a member of the GigaCloud team will undoubtedly help propel this program forward as we leverage his vast knowledge and expertise.”

GigaCloud Technology Inc Files Annual Report on Form 10-K for Fiscal Year 2023

Retrieved on: 
Wednesday, March 27, 2024
GCT, Annual report, Form 10-K

EL MONTE, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced that on March 27, 2024, the Company filed its annual report on Form 10-K for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the “SEC”).

Key Points: 
  • EL MONTE, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced that on March 27, 2024, the Company filed its annual report on Form 10-K for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the “SEC”).

DeFi Technologies’ Wholly-Owned Subsidiary Valour Inc., Bitcoin Suisse AG, and STOXX Launch the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP

Retrieved on: 
Monday, March 18, 2024
Bitcoin, Crypto, ETP, NEO, Exchange-traded product, Partnership, Classification, Digital, GCT, Decentralized finance, OTC, Index, Cryptocurrency, Culture

Launch of 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP: DeFi Technologies Inc. announces a collaborative product from Valour Inc., Bitcoin Suisse AG, and STOXX, offering a diversified investment in top blue-chip digital assets through a new Exchange Traded Product (ETP).

Key Points: 
  • Launch of 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP: DeFi Technologies Inc. announces a collaborative product from Valour Inc., Bitcoin Suisse AG, and STOXX, offering a diversified investment in top blue-chip digital assets through a new Exchange Traded Product (ETP).
  • Innovative Methodology and Partnerships: The ETP, tracking the STOXX Digital Asset Blue Chip X Index, is based on a rule-based passive index methodology, leveraging Bitcoin Suisse's Global Crypto Taxonomy for asset classification.
  • We are proud to collaborate with well established and trusted partners in the global financial markets for the launch of this innovative product.“
    The 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP is uniquely structured to track the performance of the STOXX Digital Asset Blue Chip X Index.
  • This ETP is the result of a synergistic collaboration between Valour, Bitcoin Suisse, and STOXX, each bringing unique strengths to the table.

GigaCloud Technology Inc Announces Fourth Quarter 2023 and Year Ended December 31, 2023 Financial Results

Retrieved on: 
Friday, March 15, 2024
Spend, Research, PIN, Algorithm, Software as a service, Noble, Acquisition, Transport, GCT, Stock, Insurance, Noble House, House, Adjustment, Kiosk, GMV, Ecosystem, Share repurchase, Marketing, Advertising, Total, Video game

Gross profit was $69.8 million in the fourth quarter of 2023, an increase of 161.4% from $26.7 million in the fourth quarter of 2022.

Key Points: 
  • Gross profit was $69.8 million in the fourth quarter of 2023, an increase of 161.4% from $26.7 million in the fourth quarter of 2022.
  • Gross margin increased to 28.5% in the fourth quarter of 2023 from 21.2% in the fourth quarter of 2022.
  • Net income was $35.6 million in the fourth quarter of 2023, an increase of 184.8% from $12.5 million in the fourth quarter of 2022.
  • Net income margin increased to 14.5% in the fourth quarter of 2023 from 9.9% in the fourth quarter of 2022.

Grand Chess Tour Announces Wildcards and Full-Tour Line-up

Retrieved on: 
Tuesday, April 2, 2024
Entertainment, Sports, Other Entertainment, Other Sports, General Entertainment, General Sports, Health, Saint Louis Chess Club, Partnership, COVID-19, Education, GCT, R Praggnanandhaa, Grand Chess, Grand Chess Tour

1 Magnus Carlsen, as well as 2023 Grand Chess Tour champion Fabiano Caruana and former winners of the GCT Wesley So and Maxime Vachier-Lagrave,” said Michael Khodarkovsky, Executive Director of the GCT.

Key Points: 
  • 1 Magnus Carlsen, as well as 2023 Grand Chess Tour champion Fabiano Caruana and former winners of the GCT Wesley So and Maxime Vachier-Lagrave,” said Michael Khodarkovsky, Executive Director of the GCT.
  • Grand Chess Tour is a circuit of international events, each demonstrating the highest level of organization for the world's best players.
  • The legendary Garry Kasparov, one of the world's greatest ambassadors for chess, inspired the Grand Chess Tour and helped solidify the partnership between the organizers.
  • All Grand Chess Tour 2024 events will comply with local and regional COVID-19 restrictions.

GCT Semiconductor Appoints Nelson C. Chan to Board of Directors

Retrieved on: 
Monday, April 1, 2024
5G, Telecommunications, Networks, Hardware, Consumer Electronics, Technology, Semiconductor, Mobile, Wireless, Electrical engineering, GCTS, Business administration, Senior management, SanDisk, Synaptics, AI, University, Laboratory, GCT, Silicon, Santa Clara University, Adesto Technologies, Computer

GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced the appointment of Nelson C. Chan to its Board of Directors, effective March 26, 2024.

Key Points: 
  • GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced the appointment of Nelson C. Chan to its Board of Directors, effective March 26, 2024.
  • “We are pleased to welcome Nelson Chan to our Board of Directors,” said John Schlaefer, Chief Executive Officer of GCT.
  • He is currently Chair of the Board of Directors of Synaptics and a member of the Board of Directors of Deckers Outdoors and Twist Bioscience.
  • Mr. Chan was previously Chair of the Board of Directors of Adesto Technologies, Chair of the Board of Directors of Outerwall, and a member of the Board of Directors of Affymetrix, Silicon Laboratories, Inc., and Socket Mobile.

GCT Semiconductor Becomes a Publicly Traded Company After Completing Business Combination with Concord Acquisition Corp III, Will Commence Trading on NYSE Under Ticker Symbol "GCTS"

Retrieved on: 
Tuesday, March 26, 2024
Semiconductor, IOT (Internet of Things), Technology, Telecommunications, 5G, Hardware, Morgan, Lewis & Bockius, Growth, Atlas, LTE, Internet of things, LLP, GCT, Earnout, DLA Piper

GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, is pleased to announce the completion of its business combination, previously announced on November 3, 2023 with Concord Acquisition Corp III (NYSE: CNDB) (“Concord”) today.

Key Points: 
  • GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, is pleased to announce the completion of its business combination, previously announced on November 3, 2023 with Concord Acquisition Corp III (NYSE: CNDB) (“Concord”) today.
  • Commencing at the opening of trading on March 27, 2024, GCT common shares and warrants to purchase common shares will be listed on the NYSE under the ticker symbols “GCTS” and “GCTSW,” respectively.
  • The transaction has provided the combined company with approximately $50 million of gross proceeds to fuel its continued growth.
  • DLA Piper LLP (US) is acting as legal advisor to TD Cowen and B. Riley Securities, Inc.

GCT Semiconductor Announces Appointment of Edmond Cheng as Chief Financial Officer

Retrieved on: 
Friday, March 22, 2024
Semiconductor, IOT (Internet of Things), Technology, Mobile, Wireless, 5G, Internet, Hardware, Financial management, EV, Growth, GCB, CFO, Business administration, TCL Electronics, Columbia University, University, IPO, GCT, MBA, Bachelor, Electronics, Treasury, Temasek Holdings, Accounting, Pacific Northwest, Management

GCT Semiconductor, Inc. (GCT) a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced that the Board of Directors of GCT has appointed Edmond Cheng as Chief Financial Officer (CFO) effective March 18, 2024.

Key Points: 
  • GCT Semiconductor, Inc. (GCT) a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced that the Board of Directors of GCT has appointed Edmond Cheng as Chief Financial Officer (CFO) effective March 18, 2024.
  • “We are pleased to welcome Edmond Cheng to the GCT team,” said John Schlaefer, Chief Executive Officer of GCT.
  • “Edmond brings over 25 years of global leadership experience primarily in the technology and manufacturing industry across the United States, Asia, EMEA and the Middle East.
  • Cheng currently serves on the Board of GCB AutoZ which seeks to be the leader in the automotive aftermarket based in Mexico.

Nvidia CEO reiterates solid partnership with TSMC

Retrieved on: 
Friday, March 22, 2024
Quanta, Cloud, Microsoft, Azure, Microsoft Azure, GTC, Series, Foxconn, GPU, Learning, CUDA, H100, AI, TSMC, GCT, A10, Samsung, Quanta Cloud Technology, Pegatron, Multimedia, Semiconductor

Speaking to the press later, Huang said Nvidia will have a very strong demand for CoWoS, the advanced packaging services TSMC offers.

Key Points: 
  • Speaking to the press later, Huang said Nvidia will have a very strong demand for CoWoS, the advanced packaging services TSMC offers.
  • He said the company is embarking on a new journey and will work closely with TSMC.
  • A major reason for the shortages of Nvidia's AI chips is insufficient CoWoS support from TSMC.
  • Huang admitted that the way Nvidia is working for its partners and the AI industry is like the way TSMC is making chips for Nvidia.