SAN JOSE, CALIF. -- GCT Semiconductor Holding Inc. (“GCT”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, announced the initial delivery of its new 5G chipsets to its customers, including Airspan Networks and Orbic North America, LLC, among others, for their immediate evaluation. GCT will continue to provide samples in the next several weeks to complete the initial demand from its lead customers. These samples are being provided in both chip and module forms, depending on customer needs.

“We are thrilled to achieve this major milestone and now have our 5G chips in the hands of our customers,” said John Schlaefer, CEO of GCT. “Our chips are currently being evaluated and we’re eager to receive positive feedback from our customers. Our first priority is to focus on mid-tier applications and immediate demand for the growing 5G market. This will include the development of a Verizon-certified module. We’re also excited to expand sampling to all our customers in the near future.”

After the evaluation process is complete, GCT will work with customers to optimize their device performance, and to determine production demands. GCT is fully prepared to meet these demands, supported by a robust supply chain built on years of proven experience delivering high-performance solutions efficiently and reliably.