GCT Semiconductor shares surge 60.55% intraday after licensing 5G/4G chipsets to major satellite provider.

GCT Semiconductor Holding Inc. (GCTS) surged 60.55% intraday following the announcement of a licensing agreement with a leading satellite communications provider to integrate its 5G and 4G chipsets into the partner’s user equipment. The deal enables global, resilient connectivity via satellite and terrestrial networks and establishes a pathway for future chipset sales, with shipments expected as early as the second half of 2026. The collaboration positions GCT at the forefront of 5G-to-space networks, enhancing accessibility in underserved regions and accelerating the shift toward unified connectivity solutions. The CEO highlighted the strategic significance of combining GCT’s advanced semiconductor technology with the satellite provider’s global footprint, underscoring improved performance over existing non-terrestrial equipment. The news, first reported in premarket trading with an 8% jump, gained momentum during intraday sessions as investors reacted to the long-term revenue potential and market expansion.