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Stock impact report

Chipmaker Lands Deal to Power the Next Generation of Satellite Connectivity [Globe and Mail, The (Toronto, Canada)]

GCT Semiconductor Holding, Inc. (GCTS) 
Direct-to-device satellite communication—once a niche capability reserved for specialized equipment—is emerging as a critical feature for next-generation wireless networks. As carriers and satellite operators work to eliminate coverage gaps in underserved and remote regions, the semiconductor companies enabling this convergence are drawing increased attention from investors. Shares of GCT Semiconductor Holding Inc. ( NYSE: GCTS ) are surging Thursday after the company announced a licensing agreement with one of the world's largest satellite communications providers. The deal positions GCT's 5G and 4G chipsets for integration into the satellite provider's user equipment, enabling hybrid connectivity across both satellite and terrestrial networks. GCT Semiconductor is a fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions. The company's system-on-chip products integrate radio frequency, baseband modem, and digital signal processing functions into compact, Show less Read more
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