Gsi Technology Stock Price, News & Analysis

GSI Technology, Inc. (Nasdaq: GSIT) announced an initial order from Elta System Ltd to develop a Synthetic Aperture Radar (SAR) image processing acceleration system utilizing its Gemini Associative Processing Unit (APU) technology. This system aims to dramatically increase processing speeds and reduce costs for SAR observation missions. The APU technology significantly enhances performance, reducing processing times from minutes to seconds while using 93% less power compared to traditional CPU/GPU systems. GSI aims to leverage this partnership to revolutionize SAR image construction.

GSI Technology, Inc. (Nasdaq: GSIT) will be participating in the 24th Annual Needham Virtual Growth Conference on January 10, 2022. CFO Douglas Schirle and VP of Sales Didier Lasserre will present at 11:30 am EST in Track 3 and hold one-on-one meetings. A live webcast of the presentation will be available on GSI's website, along with an archive for 90 days post-event. GSI is recognized for its semiconductor memory solutions, including radiation-hardened products for extreme environments and the Gemini APU, a memory-centric design for AI applications.

GSI Technology (Nasdaq: GSIT) showcased its prowess in the AI sector by ranking among leaders in the Billion-Scale Approximate Nearest Neighbor Search (ANNS) Challenge at NeurIPS 2021. This challenge aimed to evaluate algorithms on large datasets, highlighting GSI's performance that surpassed the established FAISS baseline across all datasets. GSI's innovative Gemini® Associative Processing Unit (APU), under development since 2016, demonstrated significant potential in AI applications. The company anticipates launching its compiler stack in 2022 to enhance algorithm optimization.

GSI Technology, Inc. (NASDAQ: GSIT) reported its financial results for the second fiscal quarter ending September 30, 2021, with net revenues of $7.8 million, up from $6.7 million in Q2 2020. The gross margin was 53.6%, compared to 46.7% a year earlier. Operating loss was $(4.5 million), reduced from $(5.2 million) year-over-year. The net loss was $(4.6 million) or $(0.19) per diluted share. The company expects Q3 revenues between $7.2 million to $8.2 million amid ongoing supply chain issues. GSI remains focused on expanding its APU market opportunities, projected to grow significantly by 2025.

GSI Technology, Inc. (Nasdaq: GSIT) will announce its financial results for the second quarter of fiscal year 2022 on October 28, 2021, after market close. A conference call will be held to discuss these results and provide an outlook for the third quarter at 1:30 PM PT (4:30 PM ET). Stakeholders can participate via phone or listen online. The company specializes in high-performance memory solutions and AI technologies. Founded in 1995, GSI Technology continues to innovate in radiation-hardened memory products and AI applications.

GSI Technology (Nasdaq: GSIT), a leader in high-performance memory solutions, announces participation in the Jefferies Virtual Semiconductor, IT Hardware & Communications Infrastructure Summit on August 31, 2021. Chief Financial Officer Douglas Schirle and Vice President Didier Lasserre will hold one-on-one meetings during the event. GSI focuses on developing advanced memory products, including Gemini Associative Processing Units for AI applications. Founded in 1995 and headquartered in Sunnyvale, California, GSI serves markets in the Americas, Europe, and Asia.

GSI Technology (Nasdaq: GSIT) has announced a partnership with Amazon Web Services (AWS) for the launch of OpenSearch 1.0. This collaboration aims to enhance vector search capabilities in various applications, including e-commerce and natural language processing, through GSI's Gemini APU. The new project offers K nearest neighbor (K-NN) plugin support, improving performance and reducing costs for large-scale database searches. GSI anticipates expanding market reach and increasing Gemini system beta users by late 2021, with a broader rollout expected in 2022.

GSI Technology, Inc. (NASDAQ: GSIT) reported its financial results for the first fiscal quarter ending June 30, 2021. Net revenues reached $8.8 million, up from $6.6 million year-over-year. Gross margin improved to 54.4% due to higher SigmaQuad sales. The net loss narrowed to $(4.2 million) or $(0.17 per share), in contrast to $(6.1 million) in the same period last year. Future guidance indicates net revenues of $6.9 million to $7.9 million for Q2 2022, impacted by supply chain challenges and COVID-19 effects.

GSI Technology, Inc. (Nasdaq: GSIT) will release its first quarter fiscal year 2022 financial results on July 29, 2021, after market close. The subsequent conference call will take place at 1:30 p.m. Pacific Time to review results and discuss the second quarter outlook. Interested participants can join via phone or online. GSI, known for its high-performance memory solutions and the Gemini Associative Processing Unit for AI applications, has a focus on innovation in semiconductor memory technology.