Thanks, Mike. And hello everyone.
product from to oversupply the and revenue the due continuing market The reflect second demand. memory lower increased downturn to quarter quarter the of of year. continue modestly XXXX in Results the first components
believe forecasts hyperscalers become the recent line top hand, half and the through more second and of industry sequential has market On year. their in other optimistic. inventories working are the company's bottomed and OEMs We anticipate the improvements have quarterly over the
place current in at look technologies. important the landscape, developments new memory Netlist's server enabling memory. there and IP taking we As these exciting in are transformational is
earlier on prior prevailing and of DIMM through factors on as DDRX expected side decade new end Netlist we First DDRX than commencing underway servers, production DDRX DIMMs for all at DDRX PCs with product power. and year. DDRX. applies to for new is the perform will Intel with Netlist's is standard power systems form AMD laptops. this higher intelligent memory. the volume the memory benefit to speeds while This be supply technology transition generations using to and the of to allows standard The industry IP management module DDRX less innovative customers this enterprise
utilizing get the parallel area for artificial again, rapid demand performing which unique that Second, The of high-bandwidth requires AI hardware processing. of HBM for or parallel kind in key bandwidth AI's where has which concurrent tremendous special an turn, This the chips is a Xx be memory requires memory To currently technology generative this memory processing of capable processing memory complex allows rise is to Netlist's models. plays created once for the And crucial densities computing data HBM In intelligence. technology, of traditional stacked. a has must these DRAM. applications role.
multi-ranked throughput DDRX enable DIMMs. designed eventually on technologies to while Netlist's standard This to again speeds And once functionality. appears for the MRDIMM existing third, to mega up XX,XXX buffered MRDIMM delivering next-generation of double DDRX not many is MRDIMMs memory the or rely memory to poised per been the finalized, of being industry ultrafast transfers DIMMs, And has second.
marketplace memory platform growth. a the and for are These new provide transforming technologies strong Netlist's
IP. and a to positioned agreement direct are we This of includes capitalize Netlist's market on hynix, we trends. IP, with licensing the supply strategic the products leader of innovative believe, and these Given our DDRX and well the to SK these HBM; in supply our
technologies to marketplace and Netlist. premium expand and Today, strategic the will on to imperatives. and support for AI. a major out new these both DDRX business the exponentially all are to demand as end, are products players the HBM HBM large higher the Eventually, rapid generative focused memory opportunity suppliers fact, strong DDRX In move memory calling entire transition for
Gilstrap willful Judge, action the Samsung to legal unanimous April On -- I'd District in a in jury Texas. the of begin before verdict, Eastern with an on front, update Chief this like XX, Chief seminal for memory the $XXX three On Justice in Netlist five damages of product DDRX infringement awarded components. and LRDIMMs, of Netlist's and patents all inventions. DIMMs categories, The Samsung's million DDRX Netlist high-bandwidth case covering Samsung's willful case infringement addressed
Netlist's Samsung's infringement, the the producer entitlement a confirming Samsung, Netlist's the largest confirmed it Beyond that to memory license for in damages in without used world, past. wilful technology
bulk liability patents willful Samsung for willfully for speak, Netlist's every products we up As memory continues that through infringing make this revenues -- decade. to the for day of infringing its will accrue
At receiving equitable for jury the their held bench We look million relief a a the in one-day importantly, to court's and seek infringing an from forward and Samsung that to the end the court from the sought DDRX events its DDRX relief of trial final verdict. order opportunity $XXX May, trial gave award Samsung judgment. jury's products.
this expect judgment, strength in court the the case. trial will Netlist an We seek careful Samsung of of the and in appeal procedures the court's confident is but the used verdict
other Now, of infringement update enforcement efforts. same the of successful part DDRX Micron patents our also were trial, in of products a the Eastern Gilstrap Judge, that of same quick DDRX against Micron's LRDIMMs, and global let addresses case you and willful give on Chief DIMMs the April Texas me HBM. District Samsung including The before types
important patent Prior and the in claim predictor Micron. had terms claim most we XX, outcome hearing construction July a infringement is dispute the the construction to a of itself, by On litigation. trial for
the favor. hearing, court of received Judge, On the these forward at entry of and the now and of Roy constructions court's adopted Netlist issue to look providing provided Netlist's We the construction Magistrate a well almost order. favorable claim XX tentative day to construction, constructions. to have the a set morning, According XX out Payne very understood the terms feel every hearing that appears went tentative of claim construction in
with pretrial January XX Fact XX, same the final set is trial case Netlist's discovery The jury close set to on begin X opening with currently report for for XXXX. experts' September this day. will conference due December the
cases of begun significant the set RDIMM we've and for in against and being second X. LRDIMM Netlist's claim the shipped Eastern Samsung District and infringement process and DDRX venue, products joint of claim are construction the currently set for same working volumes toward dollars large and These of In cases of are Texas hearing the October in construction past. Micron
and underway that support in a its case Related against ongoing and currently court. Patent relating in for Delaware, the claim on to claim hearing the construction XX joint Appeals case patent Google set This Samsung construction that determining XXX favor patentable. in Trial to Board were DDRX found briefing and LRDIMM Delaware all with claims Netlist's October
set stayed I'm sorry Netlist's Micron case year. the Netlist's the recall year was in may Texas for to case Judge Western place to Judge retirement. the now Yeakel That X cases in against been Western last construction Yeakel's third hearing claim days Micron Docket case second reassignment against XXXX. just to You the was reassigned of in following traditional take has pool after was Texas May Austin before District District of last stayed Texas
ready another Our case to judge. for stands Texas District of now Western reassignment
PTAB were institute of patent the a party's patent decision. and denied to recently claims Micron's that XXX of Netlist's XXX Additionally, inner petition valid review and found three final more written and our even LRDIMM
of Germany, Federal forward Patent look case. additional the moved case await court months preliminary Micron In order German the our to PTAB decisions the Düsseldorf a from and review We of Court. against reactivation in infringement to coming the in consideration this XXXX
our set XXX and EP remains Samsung's X the hearing Google hearing infringement XXX The addressing this EP of set in proceed September year of November. patents with for against to
using and currently terms technology our always, Netlist a with permission. any on party fair As remains reasonable licensing open to without
that I'd patent words the and like say ensure innovators future rights are about few to protected. Netlist of Finally, to we're taking generations of a steps
On elected help in with and us you firsthand. of current highlight the D.C. patent challenges experienced to Netlist some Washington the efforts has previous with to shared calls engage US law, California I've repeatedly that officials our challenges
with closely This these becoming Act. of important help in introduced support initial not is but as of patent moves Congress process legislation recent to only resulted The through new drive outreach the PREVAIL efforts provide law. members of summary Netlist the to legislation, the working
or patents and inventive from Competing PREVAIL reign entities eligibility over to it the in would would delay Infringers. the The like patent and Netlist make to ability stopping to forestall act invalidate use board trial appeal practicing harder
get challengers at no Under or They petitions one just over longer the IPR Act, chance could spread time the PREVAIL PTAB Board. out would engage attacks. patent in Serial
PREVAIL issues, for representatives thankful Act innovative and laws. form its companies a in enacted, and us that considered and that current innovation they our reforming took facing competitiveness the suggestions congressional inventors. promote go are to long American protect could operating of patent consider We like time to If country's way the
for over Now turn financial Gail, I the the call will review. to
