GCT Semiconductor Secures $10.7M Debt Financing From Anapass To Accelerate 5G Chip Production
Benzinga Newsdesk 1 year ago
NewsFinancing
Debt Financing from a strategic investor will be used to accelerate production readiness following successful sampling and subsequent positive customer feedbackGCT Semiconductor Holding Inc. ("GCT") (NYSE:GCTS), a
Debt Financing from a strategic investor will be used to accelerate production readiness following successful sampling and subsequent positive customer feedback
GCT Semiconductor Holding Inc. ("GCT") (NYSE:GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced that it has entered into a term loan agreement (the "Debt Financing") with Anapass, Inc., GCT's largest shareholder and strategic investor. The Debt Financing provides for a fully funded senior secured term loan of approximately $10.7 million (KRW 15,000,000,000).