A component carrier comprising an electronic component embedded in an electrically insulating material of the component carrier ; an antenna structure arranged at a region of a first main surface of the component carrier ; 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 , 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 (P) 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 ; an antenna structure arranged at a region of a first main surface of the component carrier ; 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 , 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 (P) 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 . <EOS>