GCT Semiconductor Climbs After Licensing Deal to Embed 5G/4G Chipsets in Satellite Provider Devices
GCT Semiconductor’s shares rose sharply in premarket trading after the company disclosed a licensing agreement with a major satellite communications provider to integrate GCT’s 5G and 4G chipsets into the provider’s user equipment. The arrangement includes plans for the satellite partner to adopt GCT’s newly released 5G chipset for direct-to-satell…