SUNNYVALE, Calif. - GSI Technology , Inc. (NASDAQ:GSIT), a company known for its Associative Processing Unit (APU) technology, has announced the release of two new high-capacity, low-power server products. The Leda-E and Leda-S boards, which integrate the Gemini-I® APU, are now available for production. These servers are designed to enhance computing power while maintaining efficiency in energy consumption.
The Leda-E board delivers 1.2 Peta Operations Per Second (POPs) at 80 watts, and the Leda-S board achieves 800 Tera Operations Per Second (TOPs) at 40 watts. The server configurations include a single 2U (NASDAQ:TWOU) server with eight Leda-E boards totaling 10 POPs, and a 1U server with sixteen Leda-S boards, reaching a combined 13 POPs. These systems are particularly suited for applications requiring extensive database searches and high-performance compute tasks, such as facial recognition, drug discovery, and object detection.
GSI's technology has demonstrated significant performance improvements in various applications. For instance, single-card versions of the Gemini-I have shown a six-fold increase in performance over the Xeon® CPU for DNA read mapping, as reported by researchers at Cornell University. Additionally, performance comparisons by Northern Arizona University have shown that the Gemini-I APU can match the capabilities of the A100 GPU in cryptography applications.
The new servers are designed with mobile and remote applications in mind, boasting a low full server power of 1.2kW. To support developers, the servers come pre-bundled with an application development compiler and can be customized with additional software such as Real-Time Fast Back Projection or Fast Vector Search support.
GSI Technology, founded in 1995 and headquartered in Sunnyvale, California, has positioned itself at the forefront of the AI revolution with its APU technology. The company's innovations aim to redefine edge computing capabilities with scalable, low-power, high-capacity solutions.
This announcement, based on a press release statement, indicates that the server systems are available for immediate shipping. Interested parties are directed to contact the company's sales department for further details.
InvestingPro Insights
In light of GSI Technology's release of their new high-capacity, low-power server products, a review of the company’s financial health and market performance provides valuable context. GSI Technology, Inc. (NASDAQ:GSIT) holds a market capitalization of $86.51 million, indicating its size within the tech sector. Despite the company's innovative strides in developing its Associative Processing Unit (APU) technology, it is important to note that the company has not been profitable over the last twelve months. This is reflected in its negative P/E ratio of -4.35, suggesting investor caution due to lack of earnings.
However, GSI Technology's commitment to innovation and growth is evident in its strong return over the last year, with a 98.84% price total return, highlighting investor optimism about the company's future. This is complemented by a robust three-month price total return of 28.57%, which may reflect market confidence following recent product announcements and technological advancements.
InvestingPro Tips for GSI Technology highlight a couple of key financial insights: the company holds more cash than debt on its balance sheet, which is a positive sign of financial stability. Additionally, GSI's liquid assets exceed its short-term obligations, providing further evidence of the company’s capacity to manage its financial commitments in the near term. On the other hand, the company is quickly burning through cash, which could be a point of concern for potential investors looking at long-term sustainability.
For those interested in a deeper dive into GSI Technology's financials and market performance, more InvestingPro Tips are available, offering a comprehensive analysis of the company. To access these tips, visit InvestingPro and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 9 additional InvestingPro Tips listed for GSIT, which can provide further insights into the company's financial health and market prospects.
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