SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Tang Jing Rong

(Last)

(First)

(Middle)

HOLY STONE ENT. CO., LTD.

1FL, NO 62, SEC 2, HUANG SHAN ROAD

(Street)

TAIPEI

114

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/28/2007

3. Issuer Name and Ticker or Trading Symbol
GSI TECHNOLOGY INC [ GSIT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	950,000	⁽³⁾	D
Series D Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	60,000	⁽³⁾	D
Series B Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	1,000,000	⁽³⁾	I	HolyStone Enterprises Co., Ltd.⁽⁴⁾
Series B Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	775,000	⁽³⁾	I	By Koowin Co., Ltd.⁽⁵⁾
Series D Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	400,000	⁽³⁾	I	HolyStone Enterprises Co., Ltd.⁽⁴⁾

Explanation of Responses:

1. Immediately

2. Not applicable

3. Each oustanding share of the Issuer's preferred stock will automatically be convered into one share of the Issuer's common stock immediately prior to the closing of a firm committment underwritten public offering.

4. Mr. Tang is Chief Executive Officer of HolyStone Enterprises Co., Ltd.

5. Mr. Tang is a director of Koowin Co., Ltd.

Remarks:

	Caroline Y. Wu	03/28/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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