A component carrier (100, 200) comprising an electronic component embedded in an electrically insulating material of the component carrier (100, 200); an antenna structure arranged at a region of a first main surface of the component carrier (100, 200); a shielding structure made of an electrically conductive material and configured for shielding electromagnetic radiation from propagating between the antenna structure and the electronic component, wherein the shielding structure is arranged at least partially between the antenna structure and the electronic component; an electrically conductive structure to electrically connect the electronic component and the antenna structure through the shielding structure; a dielectric layer arranged between the antenna structure and the shielding structure, wherein the dielectric layer has a dissipation factor of not more than 0.0008 at 80 GHz or not more than 0.005 at 10 GHz; and a center core structure, wherein the center core structure comprises a cavity, wherein the electronic component is at least partially arranged in the cavity, and wherein the center core structure is arranged in the center of the electrically insulating material of the component carrier (100, 200), so that the center core structure is embedded in the electrically insulating material; wherein the shielding structure is non-perforated at least in a plane between the antenna structure and the electronic component; wherein the electronic component comprises at least one terminal at a main surface region facing away from the antenna structure, and wherein the terminal is connected to a second part of the electrically conductive structure which extends away from the terminal. an electronic component embedded in an electrically insulating material of the component carrier (100, 200); an antenna structure arranged at a region of a first main surface of the component carrier (100, 200); a shielding structure made of an electrically conductive material and configured for shielding electromagnetic radiation from propagating between the antenna structure and the electronic component, wherein the shielding structure is arranged at least partially between the antenna structure and the electronic component; an electrically conductive structure to electrically connect the electronic component and the antenna structure through the shielding structure; a dielectric layer arranged between the antenna structure and the shielding structure, wherein the dielectric layer has a dissipation factor of not more than 0.0008 at 80 GHz or not more than 0.005 at 10 GHz; and a center core structure, wherein the center core structure comprises a cavity, wherein the electronic component is at least partially arranged in the cavity, and wherein the center core structure is arranged in the center of the electrically insulating material of the component carrier (100, 200), so that the center core structure is embedded in the electrically insulating material; wherein the shielding structure is non-perforated at least in a plane between the antenna structure and the electronic component; wherein the electronic component comprises at least one terminal at a main surface region facing away from the antenna structure, and wherein the terminal is connected to a second part of the electrically conductive structure which extends away from the terminal.