Welcome to our dedicated page for GCT Semiconductor Holding news (Ticker: GCTS), a resource for investors and traders seeking the latest updates and insights on GCT Semiconductor Holding stock.
GCT Semiconductor Holding, Inc. (NYSE: GCTS) is a fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions, and the GCTS news page on Stock Titan focuses on the company’s own announcements and related coverage. GCT regularly issues updates on its 5G commercialization progress, financial performance, financing activities and technology collaborations, providing context for investors and followers of the semiconductor and wireless connectivity sectors.
Recent news from GCT has highlighted milestones in its “2025GCT – Year of 5G” program, including successful evaluation of its 5G chipset, delivery of initial chipset samples to lead customers, and the first commercial shipments of its 5G chipset following qualification and adoption. The company has reported initial 5G product revenue, backlog and chipset orders as indicators of a transition from sampling to deployment, and has discussed expectations for volume shipments in its business updates.
In addition to commercialization news, GCT’s releases cover quarterly financial results, registered direct offerings, debt financing and convertible note facilities that support production readiness and working capital. The company also reports on strategic collaborations, such as its work with Iridium Communications Inc. to integrate Iridium NTN Direct℠ service into its GDM7243SL chipset and its partnership with Giesecke+Devrient to bring SGP.32 eSIM capabilities to multi-network IoT devices.
Visitors to the GCTS news page can review this stream of company-issued press releases and related items to follow developments in GCT’s 5G chipset commercialization, 4G LTE product activities, IoT and non-terrestrial network initiatives, capital-raising transactions and corporate governance events. For investors and observers tracking how GCT executes its 5G strategy and manages its financing and partnerships, this page offers a focused view of the company’s disclosed milestones and updates over time.
GCT Semiconductor (NYSE: GCTS) has announced a registered direct offering to raise approximately $11 million through the sale of 7,006,370 common shares and warrants. The combined purchase price is set at $1.57 per share with accompanying warrants. The warrants, exercisable at $1.71 per share, will become active after six months and expire in 5 years. The offering, expected to close around May 16, 2025, is being managed by Roth Capital Partners as the exclusive placement agent. The company plans to use the proceeds for working capital and general corporate purposes.
GCT Semiconductor Holding, a leading designer and supplier of advanced 5G and 4G semiconductor solutions, has scheduled its first quarter 2025 financial results announcement for May 14, 2025, after market close.
The company will host a conference call and live webcast at 4:30 p.m. ET (1:30 p.m. PT) on the same day. During this event, management will provide a business update and review financial results, followed by a Q&A session.
Interested participants can register in advance for the call, while those who prefer to listen only can access the webcast through the provided link. A replay of the webcast will be made available through the Investors section of GCT's website at investors.gctsemi.com.
Orbic North America and GCT Semiconductor (NYSE: GCTS) have signed a letter of intent (LOI) to jointly develop and supply Orbic-branded mobile hotspot and FWA gateway products using Verizon-certified 5G modules based on GCT's new 5G chipset.
The partnership framework includes volume purchase terms for supply to Verizon and other operators worldwide. The initial phase will focus on devices for the Verizon network, with plans to expand to other operators globally. GCT will provide technical expertise and chipsets for volume production.
As part of this initiative, Orbic is constructing a new manufacturing facility in Hauppauge, NY, for producing CPEs, mobile hotspots, smartphones, and tablets. The partnership remains subject to negotiation and execution of definitive agreements.
GCT Semiconductor (NYSE: GCTS) has announced its Q4 and full year 2024 financial results while launching its '2025GCT' program to mark the 'Year of 5G'. The company expects to commence 5G chipset shipments in H1 2025, partnering with notable companies including Globalstar, Samsung Electronics, and Kyocera.
Financial highlights for Q4 2024:
- Net revenues: $1.8M (down 57.4% YoY)
- Gross margin: 32.3% (down 12.0 points YoY)
- Net loss: $5.0M (improved 51.1% YoY)
Full Year 2024 results:
- Net revenues: $9.1M (down 43.0% YoY)
- Gross margin: 55.6% (up 13.6 points YoY)
- Net loss: $12.4M (improved 44.9% YoY)
The company reduced its debt by nearly 50% during 2024 and maintains liquidity of $1.4M in cash and equivalents, $5.7M in net accounts receivable, and $3.0M in inventory.
GCT Semiconductor Holding (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, has scheduled its fourth quarter and full year 2024 financial results announcement for March 25, 2025, after market close.
The company will host a conference call and live webcast at 4:30 p.m. ET (1:30 p.m. PT) on the same day. The event will include a business update, financial results review, and a Q&A session. Interested parties can access the webcast through the Investors section of GCT's website, with a replay available at investors.gctsemi.com.
GCT Semiconductor (NYSE: GCTS) and Globalstar have announced a strategic partnership to develop two-way satellite messaging systems for mobile devices and modules. The collaboration will utilize GCT's IoT chip GDM7243i in Globalstar's RM200M product, with future implementations incorporating GCT's 4G LTE chip GDM7243SL and 5G IoT-enabled chipset.
The partnership aims to enable seamless connectivity across cellular, private and satellite networks worldwide. Globalstar selected GCT's solution after evaluating multiple options, citing the narrowband and low-power capabilities of GDM7243i combined with the flexible multi-mode GDM7243SL as key factors.
Both companies will showcase their solutions at Mobile World Congress in Barcelona (March 3-6, 2025) and plan to collaborate on developing several LTE and IoT products to enhance Globalstar's solution portfolio.
GCT Semiconductor (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, has announced its participation in three major events. The company will attend the Oppenheimer 10th Annual Emerging Growth Conference on February 25-26 as a virtual event, where management will be available for one-on-one meetings.
Additionally, GCT will showcase at the Mobile World Congress Barcelona from March 3-6, hosting a booth in Hall 5 (5J56) at Fira Gran Via. The company will also participate in the 37th Annual ROTH Conference from March 16-18, 2025, at The Laguna Cliffs Marriott in Dana Point, CA, where executives will be available for individual meetings.