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On Tuesday, 5G semiconductor solutions supplier GCT Semiconductor Holding Inc and Globalstar, Inc (NASDAQ:GSAT) announced a partnership to develop two-way satellite messaging systems for Globalstar’s mobile devices and modules.
Globalstar recently announced that the RM200M product will use GCT’s IoT chip, GDM7243i.
Future products will support Globalstar’s satellite network using GCT’s 4G LTE chip, GDM7243SL, and 5G IoT-enabled chipset.
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Globalstar VP Alex Katko said GCT’s GDM7243i is a top choice for narrowband IoT applications, including trackers and satellite GPS devices. He added that the narrowband and low-power capability of GDM7243i, alongside the flexible multi-mode GDM7243SL, will enable Globalstar devices and modules to fully connect and seamlessly switch between cellular and satellite networks worldwide.
In January, Apple Inc (NASDAQ:AAPL) tapped SpaceX to support the iPhone Starlink satellite network. Apple already offers a satellite service through its collaboration with Globalstar.
Globalstar reported fourth-quarter revenue of $61.18 million, up 17%, missing the analyst consensus estimate of $62.43 million. Adjusted EPS loss of $(0.20) missed the analyst consensus loss estimate of $(0.02). The company reiterated fiscal 2025 revenue of $260 million-$285 million compared to analyst consensus estimate of $279.59 million.
Price Action: GSAT stock is down 2.56% at $20.40 at the last check Tuesday.
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This article Apple Partner Globalstar Teams Up With GCT Semiconductor to Power Satellite Messaging with IoT Chips originally appeared on Benzinga.com
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