Ladies and gentlemen, thank you for standing by. Welcome to GSI Technology's first quarter fiscal 2023 results conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. At that time, we will provide instructions for those interested in entering the queue for the question and answer. 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've also been asked to advise you that this conference call is being recorded today, July 28th, 2022, at the request of GSI Technology. Hosting the call today is Lee-Lean Shu, the company's Chairman, President, and Chief Executive Officer. 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. Good afternoon, and thank you for joining us to review our fiscal 2023 first quarter financial results. Our legacy SRAM business, with its stable revenue and cash generation, continues to fund our APU hardware and software R&D. In the first quarter of fiscal 2023, we delivered a year-over-year increase of 12% in gross profit on modest revenue growth. Our gross margin expansion to 30.2% was related to the product mix in the quarter. As a result, we reduced our operating loss from the same quarter a year ago and narrowed our net loss for the first quarter. At the end of the quarter, we had cash equivalents, and short-term investments of $41.5 million. The foundation provided by our historical SRAM business supports the next phase of growth at GSI with the APU business. We have further growth opportunities from our radiation-hardened and radiation-tolerant SRAM products. We have expected to receive a radiation-hardened SRAM order from a prime contractor in the June quarter. However, there has been a delay due to a request for additional specification review. We now expect this order to ship in the second quarter of fiscal year 2023. Didier will provide more detail on this announcement in his comments. The team continued to advance APU opportunities on several fronts. We expect to launch SearchOn.ai, our SaaS platform to be available for alpha users this quarter to address a growing segment of customers interested in cloud-only. The SaaS platform is delivered as a subscription service that runs on GSI servers with our Leda board. SearchOn.ai accelerate Elasticsearch and OpenSearch workloads. This approach provides an economic solution for business scaling to large capacity, including building vector datasets without losing accuracy. SearchOn.ai also offer fast vector search, providing high-speed, accurate searches of large vectorized text, image, video, and audio database. The platform uses simple API integration into a customer's workflow, enabling rapid deployment and use. The search market is rapidly growing, as evidenced by the success and the growth of Elastic.com. Database users need enhanced search capabilities with real-time log analysis and visualization and support for high volume queries with the ability to run one million queries simultaneously. Working with hundreds of field in big data table when speed is a crucial and growing need, our SaaS offering can provide increased speed and scalability without losing accuracy. We are excited about making SearchOn.ai generally available to all customers, which is currently scheduled to occur by the end of calendar 2022. In July, we released the first version of the full stack compiler for the APU product called Copperhead. This release is a combination of 18 months of effort that create a high efficiency LPython compiler for development of code for host processor, embedded processor, and APU processing array. This breakthrough development brings LPython, which provide the familiarity and the programming environment benefit of Python with the speed of C to the development of real-time big data AI applications supported by the APU. The Copperhead compiler currently supports low-level library codes and intermediate development for linear algebraic algorithm acceleration. It's available to select alpha customers and has shipped to two external companies, as well as being used internally to migrate previous C library within GSI for the APU. GSI will increase application library migration to cover more over the next quarters. We currently expect to add convolution, CAM, image processing, SAR, and the general high level application code development by mid-calendar 2023. Currently, we have numerous early stage APU projects. They are in the initial discussion phases. Several of the large opportunities are with new contacts that arose from our first place win in the MoSAIC challenge. In that challenge, our software performed the fastest and the most accurate at various distance and under diverse lighting conditions using image from real-time HD video source from moving drone. This capability has many applications in the large global security market. Using our military and defense business contacts, we are leveraging the exposure this accomplishment has brought to GSI. In addition, one of the most MoSAIC challenge sponsors was the Merage Institute, an organization committed to promote economic growth between Israel and the U.S. One function of the institute is to facilitate business development. As a result, we have made several valuable new connections and are engaging with new companies to discuss the Gemini platform. Another outcome of the MoSAIC challenge was extended scope of our existing sub-project with Elta/MAFAT. This project is advancing, and we are preparing for the final integrations. The POC with Elta is funding a SAR image processing system based on our APU technology. We are currently anticipating shipping 3 APU servers with up to 16 DDR slots in the server to Elta by mid-calendar 2023. The NRE funds from Elta are being used to develop an exclusive potential license of the fast back-projection algorithm. This agreement with Elta will allow GSI to sell a SAR system product containing the algorithm. We intend to pursue the entire SAR market with this product. In fiscal year 2022, we increased customer engagement for the APU and made contact in new market segments. We are in early stage of working with numerous POCs and expect to further our engagement. In fiscal year 2023, we start building the team we needed to initiate Gemini outreach and manage the process of moving customers through the pipeline from proof of concept to design, win, and ship products. We have a roadmap for the APU and the next generation of Gemini is on track. The design of Gemini-II has been finalized, and we are at the final place and route layout stage. We are on target for tape out at calendar year end. Gemini-II is a highly integrated product that offers great improvement over Gemini-I. It will improve the speed performance by 8x, has 8x more internal embedded memory, reduce the cost to one quarter o n the core level, and greatly extend our addressable market. We currently expecting having the first silicon package unit for the Gemini-II by calendar Q2 next year. GSI shareholder has been asking for accountability and transparency. I want to assure our shareholders that I understand your frustration. As the largest cap shareholder, I feel that myself. Many people on my team are also large shareholders, some of whom have worked with me for decades. I have a sense of urgency to deliver on our goals and create a market for the APU that I know is possible. I welcome open dialogue with our shareholders, and I value your input. My intention is to make fiscal year 2023 the turning point for this company by building a meaningful pipeline for the APU and closing new business for our groundbreaking technology. Now I will hand the call over to Didier, who will discuss our business performance further. Please go ahead, Didier. Thank you, Lee-Lean. Let me start with an update on our radiation hardened or rad hard SRAM business. We shipped four prototypes to three separate rad hard customers in the last fiscal year. All the customers are currently testing these systems that require chips to withstand harsh conditions. As Lee-Lean mentioned, we expected another rad hard prototype order in the first fiscal quarter. The release of the purchase order from this prime contractor was delayed to this current quarter. We have the parts ready to ship, so once we have the order, the parts will ship. This prototype order could potentially be the same revenue magnitude of all of our radiation hardened orders in the last fiscal year. As a reminder, rad hard is a high growth profit product for us. If a few of these prototypes move into production, it could add incrementally to fiscal years 2023 and 2024 revenues. Let me switch now to customer and product breakdowns for the quarter. In the first quarter of fiscal 2023, sales to Nokia were $1.3 million or 14.7% of net revenues, compared to $3.8 million or 42% of net revenues in the same period a year ago, and $2.0 million or 23.1% of net revenues in the prior quarter. First quarter fiscal 2022 net revenues included orders for buffer stock shipped to Nokia, amounting to approximately $1.0 million that were made in anticipation of a continued market tightness. Military defense sales were 22.3% of first quarter shipments, compared to 20.0% of shipments in the comparable period a year ago, and 22.3% of shipments in the prior quarter. SigmaQuad sales were 44.8% of first quarter shipments, compared to 63.6% in the first quarter of fiscal 2022, and 47.6% for the previous quarter. Lastly, I wanna comment on the current supply chain situation. We currently moved the majority of our chip substrate suppliers out of China last year to limit the potential delays that any COVID-related lockdowns in China could cause. We are actively addressing supply chain variances that could potentially impact our order fulfillment, but the situation remains fluid. Overall, most of the cost increases from our suppliers were successfully passed on to our customers in December of 2021. We are closely watching costs and evaluating if we need to change prices in the future. GSI and the industry as a whole are constrained by the availability of FPGAs. Since we use FPGAs on our Leda boards, we could potentially be constrained if we receive a large order for an APU platform. We are still confident that we can fulfill orders that we have in hand and for the upcoming quarters for our SRAM customers, and are optimistic that we have sufficient capacity to meet this demand. I'd now like to turn the call over to Doug. Go ahead, Doug. Thank you, Didier. GSI reported a net loss of $4 million, or $0.16 per diluted share, on net revenues of $8.9 million for the first quarter of fiscal 2023, compared to a net loss of $4.2 million or $0.17 per diluted share on net revenues of $8.8 million in the first quarter of fiscal 2022, and a net loss of $3 million or $0.12 per diluted share on net revenues of $8.7 million for the fourth quarter of fiscal 2022. Gross margin in the first quarter of fiscal 2023 was 60.2%, compared to 54.4% in the prior year quarter and 58.6% in the preceding fourth quarter. Improvement in gross margin was primarily due to changes in product mix sold in the quarter compared to prior periods. Total operating expenses in the first quarter of fiscal 2023 were $9.3 million, compared to $9.1 million in the first quarter of fiscal 2022 and $8.1 million in the prior quarter. Research and development expenses were $6.6 million, compared to $6.1 million in the prior year period and $6.5 million in the prior quarter. Selling, general, and administrative expenses were $2.7 million in the quarter ended June 30, 2022, compared to $3 million for the previous year quarter and $1.5 million in the previous quarter. Fiscal first quarter fiscal 2023 operating loss was $3.9 million, compared to $4.4 million in the prior year period and $2.9 million in the prior quarter. First quarter fiscal 2023 net loss included interest and other expense of $26,000 and a tax provision of $60,000, compared to interest and other expense of $20,000 and a tax benefit of $172,000 in the prior year. In the preceding fourth quarter, net loss included interest and other expense of $47,000 and a tax provision of $21,000. Total first quarter pre-tax stock-based compensation expense was $638,000, compared to $823,000 in the comparable quarter a year ago and $714,000 in the prior quarter. At June 30th, 2022, the company had $41.5 million in cash equivalents, and short-term investments, and $875,000 in long-term investments, compared to $44 million in cash equivalents, and short-term investments, and $3.3 million in long-term investments at March 31st, 2022. Working capital was $44.8 million as of June 30th, 2022, compared to $45.8 million at March 31st, 2022, with no debt. As of June 30th, 2022, stockholders' equity was $61.3 million, compared to $64.5 million as of the fiscal year ended March 31st, 2022. Our current expectations for the second fiscal quarter are net revenues in the range of $8.5 million-$9.5 million, with gross margin of approximately 61%-63%. We maintain an attractive balance sheet with a surplus of cash and no debt. Operator, at this point, we will open the call to Q&A. At this time, we will be conducting a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate that your line is in the question queue. You may press star two if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment please while we poll for questions. Our first question is from Luke Owen. Please proceed with your question. Hi. Back. Yeah, second call. I've got some questions about the transition to Gemini-I, Gemini-II. Wondering if there'll be any inefficiencies there with the software retention from Gemini-I. What you all currently been reporting on building the software foundation for that. Will that have to be ported for Gemini-II? Any hardware applications? Will servers have to be replaced for the customers that currently have Leda servers or the ones that are gonna be shipped between now and the release of Gemini-II? Yes. We need to migrate the software, the library from the Gemini-I to Gemini-II. The good thing is that we already have a learning curve. As I anticipate we'll be much smoother, you know, making the software migration from the one to two. Okay. You'd be using similar templates, be able to retain some of the integral code there? Well, I think that the learning curve will be there, right? I think the detailed implementation because the circuit is different, so it will be some implementation need to be done to, you know, to fully utilize the Gemini-II. Yeah. Really appreciate the transparency you mentioned in the call about your outlook and development updates. Yeah, certainly appreciate it, and I see that you got a lot of traction. So yeah, we share your enthusiasm. These exciting developments, yeah, or at least, I can say that I and other shareholders are definitely interested. So have you thought about releasing a roadmap for the Gemini project, so to post on your website publicly? You talk about the Gemini- Yeah. Talk about Gemini-II? Yeah, comprehensively the overall Gemini project. Yeah, just wondering how complete you- Yeah. I guess we don't have it at this moment. We probably can look into it. Yeah. Okay. Conveniently they're producible. I think that'd be nice for just networking purposes. Yes, the Gemini-I mentioned that the production might have limitations. Y'all's capacity to produce those FPGAs. What kind of scalability you do have for this initial alpha customer base for the Elasticsearch. Do you imagine being saturated with that demand? Or you open up to the public, you'll be able to bring on larger customers? I'm not sure exactly what it looks like, but thinking about organizations, Snowflake or even database providers that have proprietary processing like Rackspace or IBM. What are they able to access from y'all's first launch? Let me answer the beginning of that question. We have already some servers installed in our Sunnyvale facility, our Israeli facility and also a third party CoreSite, which is the CoreSite location was installed for the upcoming OpenSearch engagement that we have, and it can also be used for Elasticsearch. That hardware's already been installed. We have additional hardware in-house, along with the raw components, the raw components being FPGAs to build up, you know, a certain amount. We have certainly FPGAs on order. It's just I guess the comment in the script was that we don't have unlimited material on hand at this point. I mean, we do have to, you know, deal with the same lead time issues that everybody else in the market space, you know, buying these parts. So we certainly have enough for alpha, beta customers for sure, and even adding more to our data centers. It's just, you know, in case something very large were to break, it would. You know, we would certainly have some lead time issues supplying that hardware. That's really what the comment was for. Do you have any information about what the model will be for revenue, for that Elasticsearch that the initial SearchOn rollout? Will it be subscription or à la carte mix? Yeah, we're still working on that, so we haven't released any revenue forecast at this point. Okay. My last question is about the CHIPS Act. Actually, I might have one other kind of clarification, but the CHIPS Act that's moving through Congress right now, you all anticipating you able to benefit from any of that, maybe the development incentive or development benefits? Yeah. I think we don't see the direct benefit. Overall, it will be more funding to the industry and more funding to the government project. We are actively looking for the SBIR. Indirectly, I think we definitely will be benefit of it. Did that answer your question? Mm-hmm. Yeah, certainly. Yeah, kind of influence more the demand side than your all's supply side. Okay. Then, I was wondering, I didn't catch the name, Israel-U.S. collaboration organization that you said, helping to facilitate, yeah, some of your all's network. I'm sorry, can you repeat that? You're cutting out. It's hard for us to understand. Yep. Yeah, it was mentioned that there is an Israel collaboration facilitation organization you all are working with, and I didn't catch the name of it. Yeah, it's Merage Institute. The last challenge that we participated in, the MoSAIC Challenge, was sponsored by a few entities, DoD being one, MAFAT being another, and then the Merage Institute. The Merage Institute, because of our win in that, the VP of the division of our APU out of Israel was invited to a two-week seminar with other Merage Institute members. And so you know, opened up access to a lot of very high-level meetings with very influential customers that could be using APU. It's certainly early in that process 'cause that Merage Institute competition was just this year, but we've already seen some movement on you know, potential POCs based off of that Merage Institute relationship we have. Excellent. Yep. Yeah, it's great to see y'all retaining, yeah, those relationships. Building on it. All right, that's all my questions. I really appreciate y'all. Congratulations on the development. Thanks, Luke. As a reminder, if you would like to ask a question, please press star one on your telephone keypad. It appears that there are no more questions at this time. I would like to now turn the call back over to Mr. Shu for closing remarks. Thank you all for joining us. We look forward to speaking with you again when we report our second quarter fiscal 2023 result. Thank you. This concludes today's conference. You may disconnect your lines at this time. Thank you for your participation.