GSI Technology, Inc. (NASDAQ:GSIT) Q3 2024 Earnings Call Transcript

Didier Lasserre: So, they’re contract manufacturers, because we send these parts to two separate contract manufacturers. And they both had a little bit of inventory, so they were burning through some inventory. As far as the — we get, I think we’ve talked in the past, a 12-month rolling forecast from Nokia, and those still are coming in around the run rate we’ve been seeing for the last couple quarters. So, just a little bit north of what we did this past quarter, somewhere in $1 million, $1.1 million kind of range a quarter.

Jeff Bernstein: Okay. And at Needham, I think you also mentioned in addition to looking for a partner, potentially a financial partner, potentially a development partner, possibly a hybrid of both of those for Gemini-III. I think you also mentioned something about potentially licensing IP. It sounds like for what would probably be an edge kind of case for semiconductor IP for doing in-memory processing. Can you just talk about that? Would that be sort of an upfront license and then royalty stream, or just give some color around that?

Lee-Lean Shu: Yeah. The IP — well, we are more focused on the Gemini-III. So, it could be IP or it could be the product development for the customer. So, basically, I think we have — as we mentioned in the conference call, I mean we made pretty good progress over the quarter. So — yeah, so we’re still working on it.

Operator: Thank you. There are no further questions at this time. I’d like to hand the call back to Lee-Lean Shu for any closing comments.

Lee-Lean Shu: Thank you all for joining us. We look forward to speaking with you again when we report our fourth quarter and the full year fiscal 2024 results.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.