GSI Technology rises on potential US Army contract
17/01/2025 17:37
** Memory chip maker GSI Technology's GSIT.O shares rise
~48% to $3.94
** GSIT says it has been selected for potential $250,000
contract from U.S. Army under DoD Small Business Innovation
Research program
** GSIT says contract, if awarded, would support development
of Army-specific edge computing AI solutions using its Gemini-II
technology
** GSIT's Gemini-II technology processes data directly in
on-chip storage, making it faster and more efficient
** More than 68 mln shares traded, 368x times their 25-day
moving avg.
** GSIT gained ~14% in 2024
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))