SANTA CLARA, Calif.--(BUSINESS WIRE)--Jun. 29, 2009-- GSI Technology, Inc. (Nasdaq: GSIT) announced that as of June 26, 2009 it has been added to the Russell 3000^® Index. The index is comprised of the 3,000 largest public companies listed on U.S. stock exchanges as measured by market capitalization.

“Being included in the Russell 3000 is a significant event for the Company,” said Lee-Lean Shu, president and CEO, who noted that the many Russell indexes are widely used by investors to gauge the performance of managers of index funds and as benchmarks for both passive and active investment strategies.

According to Russell, the 3000 Index is constructed to provide a comprehensive, unbiased, and stable barometer of the broad market and is reconstituted annually to ensure that it reflects new and growing equities. “We expect that inclusion in this widely recognized index will broaden our exposure in the investment community and promote greater market awareness among both retail and institutional investors,” said Mr. Shu.

About GSI Technology

Founded in 1995, GSI Technology, Inc. is a leading provider of high-performance static random access memory, or SRAM, products primarily incorporated in networking and telecommunications equipment. Headquartered in Santa Clara, California, GSI Technology is ISO 9001 certified and has worldwide factory and sales locations. For more information, please visit www.gsitechnology.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements included in this press release are based upon information available to GSI Technology as of the date hereof, and GSI Technology assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a variety of risks and uncertainties, which could cause actual results to differ materially from those projected. These risks include those associated with the normal quarterly closing process, which could result in adjustments to the preliminary financial results. Further information regarding other risks relating to GSI Technology’s business is contained in the company’s filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in such filings.

Source: GSI Technology, Inc.

GSI Technology, Inc.
Douglas M. Schirle
Chief Financial Officer
408-980-8388
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller
310-208-2550