GCT Semiconductor Holding Inc. announced a $10.7 million Debt Financing agreement with Anapass, Inc.
The financing is aimed at accelerating production readiness for the commercial launch of GCT's new 5G chipset.
Proceeds from the financing will be used for final production readiness and preparations for mass production and volume shipments of the 5G chipsets.
Strategic Financing
Received $10.7 million Debt Financing agreement from Anapass, Inc.
Positive Customer Feedback
Successful completion of 5G chipset sampling with positive feedback from lead customers.
Commercial Launch on Track
Targeting shipments of 5G chipsets to begin in the fourth quarter of 2025.
- The Debt Financing from Anapass, GCT's largest shareholder, highlights confidence in the 5G chipset launch.
- Positive customer feedback validates the readiness for commercial product launch of the new 5G chipset.
GCT Semiconductor Holding Inc. is well-positioned for the imminent commercial product launch of its 5G chipset, supported by the Debt Financing agreement with Anapass, Inc.