First 5G Product Revenue Recognition
GCT Semiconductor recognized its first 5G product revenue this quarter, marking an important milestone in its commercialization path and indicating early adoption of its next-generation technology.
Successful 5G Chipset Sampling and Customer Engagement
Successfully completed sampling of 5G chipsets and modules to lead customers, including Airspan Networks and Orbit, with positive feedback received, reflecting growing confidence in the commercial readiness of the solution.
Gogo's 5G Deployment Plan
Gogo, the first 5G network operator, is set to activate full service before year-end 2025 using GCT's 5G chipset, marking the first planned commercial deployment and showcasing the chipset's performance in a demanding airborne environment.
Strengthened Financial Position
Secured $10.7 million in debt financing to support production readiness and volume shipments, strengthening the company's balance sheet for future growth phases.