GCT Semiconductor shares surge 73.62% intraday after licensing 5G/4G chipsets to leading satellite communications provider.

GCT Semiconductor surged 73.62% intraday following the announcement of a licensing agreement with a leading satellite communications provider to integrate its 5G and 4G chipsets into the provider’s user equipment. The deal establishes a pathway for future chipset sales and enables direct-to-satellite applications, with shipments expected as early as the second half of 2026. The collaboration, highlighted as a strategic milestone by CEO John Schlaefer, positions GCT at the forefront of expanding 5G-to-space networks, enhancing global connectivity and addressing underserved regions. The agreement leverages GCT’s non-terrestrial connectivity expertise and proprietary mode-switching technology, positioning the company to capitalize on the growing demand for unified terrestrial-satellite solutions. The news aligns with the stock’s sharp intraday rally, driven by optimism over revenue growth potential and market expansion.