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GSI Technology, Inc. ( NASDAQ: GSIT ) Q2 2025 Earnings Call October 24, 2024 4:30 PM ET Company Participants Lee-Lean Shu - Chairman, President and Chief Executive Officer Douglas Schirle - Chief Financial Officer Didier Lasserre - Vice President, Sales Conference Call Participants Jeff Bernstein - Silverberg Bernstein Operator Ladies and gentlemen, thank you for standing by. Welcome to GSI Technology’s Second Quarter Fiscal 2025 Results Conference Call.
[Operator Instructions] Before we begin today’s call, the company has requested that I read the following safe harbor statement. The matters discussed in this conference call may include forward-looking statements regarding future events and the future performance of GSI Technology that involve risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks and uncertainties are described in the company’s Form 10-K filed with the Securities and Exchange Commission.
Additionally, I have also been asked to advise you that this conference call is being recorded today, October 24, 2024, at the request of GSI Technology. Lee-Lean Shu, the company’s Chairman, President and Chief Executive Officer, will be hosting the call today. With him are Douglas Schirle, Chief Financial Officer; and Didier Lasserre, Vice President of Sales.
I would now like to turn the conference over to Mr. Shu. Please go ahead, sir.
Lee-Lean Shu Good afternoon and thank you for joining us to review our second quarter fiscal 2025 financial results. We are starting to see a significant turnaround in our SRAM business this quarter, driven by two key factors. First, existing customers are actively depleting their channel inventories and we anticipate they will resume orders in the upcoming quarters.
Second, we have secured a new SRAM design with significant growth potential. Our longstanding partnership with the provider in the semiconductor manufacturing process is using significant demand related to a new AI chip. Didier will cover this exciting.
