GCT Semiconductor Holding, Inc. has begun commercial shipments of its 5G chipset. The first delivery to lead customers occurred on January 6.
H.C. Wainwright reaffirmed its Buy rating for the company on January 13. The firm set a price target of $3 per share for the stock.
The chipset had previously completed qualification and adoption processes. This initial commercial shipment represents a step in the company's 5G revenue development.
John Schlaefer, the CEO of GCT Semiconductor, stated that customer feedback has been very positive. He noted the company is "seeing strong interest across multiple 5G applications."
The recent launch of GoGo's 5G air-to-ground network is supporting demand for the company's 5G technology. This development is expected to strengthen the company's position for expanded 5G commercialization in 2026 and beyond.
GCT Semiconductor is a fabless designer providing 5G and 4G LTE semiconductor solutions.