GSI Technology,Inc. (NASDAQ:GSIT) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On August31, 2017, GSI Technology Taiwan,Inc., a wholly-owned subsidiary of GSI Technology,Inc. (the “Company”), entered into a lease agreement with Tai Yuen Textile Co.,Ltd. extending the existing lease of the Company’s 25,250 square foot facility in Chu-Pei City, Taiwan through August31, 2020. The lease provides for annual rent of approximately NT$6,818,208 (approximately US$226,100).
A copy of the lease is filed as Exhibit10.1 to this report and is incorporated herein by reference.
Item 1.01 Financial Statements and Exhibits
(d) Exhibits
GSI TECHNOLOGY INC ExhibitEX-10.1 2 a17-22442_1ex10d1.htm EX-10.1 Exhibit 10.1 Tai Yuan Hi-Tech Industrial Park Factory Lease Agreement This agreement is established between Lessee,…To view the full exhibit click here
About GSI Technology,Inc. (NASDAQ:GSIT)
GSI Technology, Inc. is a provider of Very Fast static random access memory (SRAM) products and low latency dynamic random access memory (LLDRAM) products. The Company operates through the design, development and sale of integrated circuits segment. Its products are incorporated primarily in high-performance networking and telecommunications equipment, such as routers, switches, area network infrastructure equipment, wireless base stations and network access equipment. In addition, the Company serves military, industrial, test equipment and medical markets for SRAMs. It offers products in various categories, including Synchronous SRAM Products, Low Latency DRAM Products and Bandwidth Engine Products. The Company offers over 30 families of SRAMs, approximately two families of LLDRAMs and a family of Bandwidth Engine products. These basic product configurations are the basis for over 15,000 individual products that incorporate a range of specifications and optional features.