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Stock impact report

GCT Semiconductor Announces Licensing Agreement with Leading Satellite Communications Provider to Accelerate Global 5G Connectivity

GCT Semiconductor Holding, Inc. (GCTS) 
Company Research Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--GCT Semiconductor Holding Inc. (“GCT” or the "Company") (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced that it has licensed its 5G and 4G chipsets to one of the world’s largest satellite communications providers. The agreement enables the integration of GCT’s 5G and 4G chipsets into the satellite provider’s user equipment, unlocking new capabilities for global, resilient, and high-bandwidth connectivity, both via satellite and terrestrial networks. This agreement also establishes a clear pathway for future chipset sales as the satellite provider will leverage GCT’s newly released 5G chipset to enable direct-to-satellite applications within its rapidly expanding network. Shipments of the 5G products supporting this initiative are expected to begin as early as the second half of this year.“This collaboration positions both companies at the forefront of emerging and growing 5G-to-space ne Show less Read more
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