Welcome to our dedicated page for Gsi Technology news (Ticker: GSIT), a resource for investors and traders seeking the latest updates and insights on Gsi Technology stock.
GSI Technology (NASDAQ: GSIT) specializes in advanced semiconductor solutions, including high-performance SRAM memory and innovative compute-in-memory architectures. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and industry professionals will find curated updates spanning product launches, financial results, strategic partnerships, and technological breakthroughs. Our collection includes press releases related to the Gemini associative processing units, enterprise networking solutions, and applications across defense, telecommunications, and AI sectors.
All content is sourced directly from GSI Technology’s corporate communications, ensuring accuracy and timeliness. Bookmark this page for streamlined access to critical updates about memory technology innovations and semiconductor industry leadership.
GSI Technology (GSIT) reported its third fiscal quarter results for December 31, 2020, revealing a net revenue of $6.8 million, down from $10.0 million year-over-year. The gross margin fell to 47.3% from 60.2%. Operating expenses remained stable at $8.3 million, leading to a net loss of $5.2 million or $(0.22) per diluted share. The company cited ongoing impacts from the COVID pandemic as a challenge, while also noting progress with its Gemini APU product. For the upcoming fourth quarter, GSI expects revenues between $6.8 million and $7.8 million, with gross margins around 48% to 50%.
GSI Technology, Inc. (Nasdaq: GSIT) is set to announce its financial results for Q3 FY2021 after market close on January 28, 2021. The conference call will start at 1:30 PM PT, where management will discuss the financial outcomes and the outlook for Q4 FY2021. GSI, a provider of high-performance memory solutions and the Gemini® Associative Processing Unit (APU) for AI, recently launched advanced products for extreme environments, enhancing its commitment to innovative technologies. For more details, visit www.gsitechnology.com.
GSI Technology, Inc. (GSIT) has won first prize in the MAFAT Radar Challenge, receiving a $25,000 Grand Prize for successfully classifying radar signals of humans versus animals using their Gemini Associative Processing Unit (APU). The challenge, sponsored by the Israeli Ministry of Defense, attracted over 1,000 participants and involved analyzing over 6,656 radar segments. This achievement showcases GSI's capabilities in AI and chip design, particularly for complex applications. The company continues to lead in high-performance memory solutions for various sectors.
GSI Technology, Inc. (Nasdaq: GSIT), a prominent provider of high-performance memory solutions, announced that CFO Douglas Schirle and VP Didier Lasserre will host one-on-one meetings at the 23rd Annual Needham Virtual Growth Conference on January 12, 2021. They will also present in a group session from 2:45 to 3:25 p.m. Eastern Time. The conference runs from January 11-14, 2021. GSI specializes in semiconductor memory solutions and recently launched new products, including the Gemini Associative Processing Unit for AI applications.
GSI Technology (NASDAQ:GSIT) has appointed Gur Kimchi to its Advisory Board. Kimchi brings over a decade of experience from Amazon, where he co-founded the Prime Air drone project, and has previously held positions at Microsoft. His expertise in AI-powered systems and memory architectures is expected to enhance GSI’s strategic direction, especially for its innovative Gemini Associative Processing Unit. GSI aims to expand its Advisory Board, leveraging Kimchi's leadership to drive technology and market growth.
GSI Technology, Inc. (NASDAQ: GSIT) reported its second fiscal quarter financial results with a net loss of $5.2 million or $0.22 per diluted share on revenues of $6.7 million, a decline from $11.7 million in the same quarter last year. Gross margin decreased to 46.7% from 55.9% year-over-year. Sales to Nokia, representing 51.7% of revenues, fell compared to both the prior year and quarter. The company anticipates third-quarter revenues between $6 million and $7.2 million with a gross margin of 41% to 43%.
GSI Technology, Inc. (NASDAQ:GSIT) has appointed Kim Le to its Board of Directors, enhancing its financial expertise. Ms. Le is the CEO of A2Q2 Corporation and has over 25 years of experience in public accounting and corporate governance. Her background includes significant roles in auditing and compliance, notably with public firms. GSI anticipates her contributions will bolster its Audit Committee and overall corporate strategy. Established in 1995, GSI specializes in high-performance memory solutions and aims to innovate in the semiconductor market.
GSI Technology, Inc. (Nasdaq: GSIT) has announced that Douglas Schirle, CFO, and Didier Lasserre, VP of Sales and Investor Relations, will participate in one-on-one meetings at the Sidoti Virtual Microcap Conference on November 19, 2020. Additionally, they will present in a group session from 4:00 to 4:30 p.m. Eastern time. GSI Technology specializes in high-performance memory solutions for various markets and is known for its Gemini Associative Processing Unit for AI. For more details, visit the Sidoti conference website.
GSI Technology, Inc. (GSIT) will announce its second quarter fiscal 2021 financial results on October 29, 2020, following market close. The report will cover the period ending September 30, 2020. A conference call to discuss the results and third quarter outlook is scheduled for 1:30 p.m. PT (4:30 p.m. ET) that day. Participants can join by dialing the provided numbers or through the company's website. GSI specializes in high-performance memory solutions for various markets and is focusing on advancing its Gemini Associative Processing Unit for AI applications.
GSI Technology (Nasdaq: GSIT) announced its participation in the virtual Linley Fall Processor Conference 2020, occurring from October 20-22 and 27-29. Bob Haig and Dan Ilan will present on October 29 at 10:10 a.m. PT, discussing how Associative Processing Units (APUs) challenge traditional Von Neumann Architecture for better latency and energy efficiency. The conference highlights soaring industry demand for AI performance, despite pandemic challenges. Attendees can schedule one-on-ones with GSI and view live demonstrations of their Gemini APU technology.
