GSI Technology, Inc. (NASDAQ:GSIT) 2024 Q4 Financial Results Call Record May 3, 2024
GSI Technology, Inc. wasn't among the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
operator: Thank you everyone for coming. Welcome to GSI Technology's fiscal 2024 fourth quarter earnings conference call. All participants are currently in listen-only mode. A question-and-answer session will follow. We will also provide instructions on how to enter the Q&A line. Before starting today's call, the company requested that I read the following safe harbor statement. The matters discussed on this conference call involve forward-looking statements regarding future events and GSI Technology's future performance that involve risks and uncertainties that could cause actual results to differ materially from expectations. there is. These risks and uncertainties are described in the Company's Form 10-K filed with the Securities and Exchange Commission.
Additionally, we would like to inform you that this conference call will be recorded today, May 2, 2024, at the request of GSI Technology. Today's conference call will be moderated by Mr. Lee-Lean Shu, our Chairman, President and Chief Executive Officer. He will be joined by Douglas Schirle, Chief Financial Officer, and Didier Lasserre, Vice President of Sales. I would like to hand over the meeting to Mr. Shu. Please do.
Lee Leen Xu: Hello. Thank you for joining us today. Let's start with some highlights of our first quarter activity. During the quarter and beyond, we achieved significant milestones across our major initiatives. First, we launched two high-capacity, low-power 1U and 2U servers integrated with powerful Gemini-I APU designs dedicated to SAR and high-speed vector search applications. These servers enable mobile applications such as print and satellite and provide enterprise-level processing at the edge. Additionally, it provides a salary benchmark for evaluating SAR 2x, providing an important tool for follow-up activities with SAR clients and SAR goals over the past year.
We are finalizing our marketing materials and plan to begin customer-targeted promotions by the end of the second quarter of the calendar year. Second, we have come a long way since Gemini-II's first spring, which is currently undergoing rigorous testing and debugging. The results shown during testing were important for the chip's integration into Evolution. Comprehensive performance evaluation is also possible with the chip mounted on the board, allowing the chip to perform basic processing functions that allow data to be moved between the processing array and the AO1 and AO2 local memories. This was done in stages that way. You can see that the insert into the embedded processor is successful and the database is also working.
So far I'm happy with the chip results, which are better than expected. Finish the phase by the end of the second quarter of the calendar, then immediately pause on the second spin. We will receive the next chip before benchmarking begins shortly after. This, along with further software development and diversity writing, could allow us to begin preliminary customer sampling, with plans to begin testing with targeted customers by the end of the year. Due to the huge model size requirements brought about by large language models, there is a lot of effort in the AI industry to reduce model size, lower the body, and make the panels a little smaller. These algorithms reduce model waste to 1 bit or 1.58 bits. Instead of evaluating bits (8 bits in the current model), the wasted size is reduced, reducing memory storage requirements and simplifying competition.
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