GSI Technology, Inc. (NASDAQ:GSIT), the inventor of the Associative Processing Unit (APU), a paradigm shift in artificial intelligence (AI) and high-performance compute processing, providing true compute-in-memory technology, announced it has been awarded Phase I of a Smart City project by the Hsinchu County government in Taiwan. The completion of Phase I will mark the company's first smart city deployment of the Gemini-II APU.

The initial Phase I contract represents the first stage of a multi-phase program. If awarded, the follow-on phases could generate a multi-million-dollar opportunity for hardware and recurring software licensing revenue. The project builds on GSI's previously announced Sentinel program and, if follow-on phases are awarded, will deploy an AI-based video analytics platform powered by the Gemini-II APU across a large installed base of network-connected surveillance cameras."