Reported Earlier: GCT Semiconductor Licenses Its 5G, 4G Chipsets To Undisclosed Satellite Communications Provider

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.