Tranche Update on GSI Technology, Inc.'s Equity Buyback Plan announced on August 21, 2013.
January 26, 2017 at 09:05 pm
Share
From October 1, 2016 to December 31, 2016, the company has repurchased 100,000 shares, representing 0.49% for $0.5 million. With this, the company has completed the repurchase of 3,527,119 shares, representing 15.95% for $15.65 million under the buyback announced on August 21, 2013.
GSI Technology, Inc. is a provider of high-performance semiconductor memory solutions for in-place associative computing applications in markets, such as artificial intelligence and high-performance computing, including natural language processing and computer vision. Its associative processing unit (APU) products are focused on applications using similarity search. Its similarity search is used in visual search queries for ecommerce, computer vision, drug discovery, cyber security and service markets such as NoSQL, Elasticsearch, and OpenSearch. It operates in one segment: the design, development and sale of integrated circuits. It designs, develops and markets static random-access memory (SRAM). It offers four families of high-speed synchronous SRAM: SyncBurst, NBT, SigmaQuad, and SigmaDDR. It is also engaged in marketing radiation-hardened (RadHard) and radiation-tolerant (RadTolerant) SRAMs for military/defense and aerospace applications, such as networking satellites and missiles.
GSI TECHNOLOGY, INC. 
