GCT Semiconductor (GCTS) Delivers Latest 5G Chips for Testing

GCT Semiconductor Holding, Inc. (NYSE:GCTS) is one of the 11 Best Semiconductor Penny Stocks to Buy According to Hedge Funds. On June 11, GCT Semiconductor Holding, Inc. (NYSE:GCTS) shared that it has started delivering its new 5G chipsets to its customers for testing. Some of the customers are Airspan Networks and Orbic North America, LLC.

The company plans to keep sending out more samples to complete the initial demand from its lead customers. GCT Semiconductor Holding, Inc. (NYSE:GCTS) are providing these samples in both chip and module forms, depending on what each customer wants.

Once the testing process is complete, the company will work with its customers to enhance device performance and to determine production demands. GCT Semiconductor Holding, Inc. (NYSE:GCTS) is ready to meet the demand because of its strong supply chain and experience in delivering high-performance solutions.

Initially, GCT Semiconductor Holding, Inc. (NYSE:GCTS) is focusing on mid-tier applications and immediate demand for the growing 5G market, which will include developing a Verizon-certified module.

GCT Semiconductor Holding, Inc. (NYSE:GCTS) is a fabless designer that delivers advanced 5G and 4G LTE semiconductor solutions.

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Disclosure: None. This article is originally published at Insider Monkey.