GCT Semiconductor has arranged a $10.7 million senior secured term loan from its largest shareholder and strategic partner, Anapass. This financing will enable the company to finalize preparations for mass production of its next-generation 5G chipset, following a successful sampling phase with key customers.
Over the past months, GCT completed prototype testing of its 5G platform with lead customers including Orbic North America and Airspan Networks. Those trials earned positive feedback and were further validated by recent announcements from providers such as Gogo. With customer endorsement in hand, GCT is moving swiftly to scale its manufacturing processes and secure the components and capacity required for high-volume shipments.
The new funding will be dedicated to working capital needs, covering costs for final production tooling, inventory buildup and supply chain ramp-up. GCT expects to begin shipping commercial volumes of its 5G chipset in the fourth quarter of 2025. The term loan carries a 7 percent annual interest rate, payable each month, and comes due in one year.
As a fabless designer of advanced 4G and 5G system-on-chip solutions, GCT integrates radio frequency, baseband modem, and digital signal processing into small-form-factor platforms.
Its products enable fast and reliable wireless connectivity in devices ranging from mobile hotspots and routers to fixed wireless access terminals. Anapass, which specializes in high-performance display ICs and counts Samsung Display among its customers, strengthens the partnership by providing both capital and strategic guidance.
By securing this dedicated financing, GCT Semiconductor is positioning itself to meet rising demand for 5G connectivity hardware. And the collaboration with Anapass underscores broad confidence in GCT’s technology roadmap and its ability to support next-generation wireless networks worldwide.
KEY QUOTES:
“We greatly value the continued support from Anapass, our largest shareholder. This financing underscores confidence in the commercial launch of our 5G chipset and the significant growth opportunities ahead.”
John Schlaefer, CEO of GCT
