Silicon Motion Technology

Silicon Motion Technology Corp. engages in the development, manufacture and supply of semiconductor products for the electronics market. The firm products include Flash Controllers, Storage Solutions, and others. It offers embedded and expandable storage, radio frequency integrated circuits and embedded graphics. The company was founded in November 1995 and is headquartered in Hong Kong.

Earnings data Q1 2024

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Silicon Motion Technology Corp. engages in the development, manufacture, and supply of semiconductor products for the electronics market. Its products include Flash Controllers, Storage Solutions, and others. It offers embedded and expandable storage, radio frequency integrated circuits and embedded graphics. The company was founded in November 1995 and is headquartered in Hong Kong.

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MaxLinear is trying to acquire Silicon Motion, which it believes will help it compete in a tough market for its chips. MaxLinear and Silicon Motion have been hit hard by the chip downturn, while industry titan Broadcom has continued to grow.

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Business Highlights First quarter sales decreased 38% Q/Q and 49% Y/Y SSD controller sales: 1Q decreased 20% to 25% Q/Q and 35% to 40% Y/Y eMMC+UFS controller sales: 1Q decreased 70% to 75% Q/Q and 75% to 80% Y/Y SSD solutions sales: 1Q decreased 30% to 35% Q/Q and approximately flat Y/Y Financial Highlights   1Q 2023 GAAP 1Q 2023 Non-GAAP      • Net sales $124.1 million (-38% Q/Q, -49% Y/Y) $124.1 million (-38% Q/Q, -49% Y/Y)      • Gross margin 42.2% 42.3%      • Operating margin 4.4% 10.4%      • Earnings per diluted ADS $0.30 $0.33 TAIPEI, Taiwan and MILPITAS, Calif., May 05, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion”, the “Company” or “we”) today announced its financial results for the quarter ended March 31, 2023.

Silicon Motion Announces Results for the Period Ended March 31, 2023

Why Silicon Motion Technology's Stock Is A Good Hedge Against Potential Downside.

Why Silicon Motion Technology's Stock Is A Good Hedge Against Potential Downside

TAIPEI, Taiwan and MILPITAS, Calif., April 07, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that it will release its first quarter 2023 financial results after the market closes on May 4, 2023. The company will not be conducting its customary earnings conference call due to restrictions associated with the Transaction with MaxLinear, and thus will not be providing updates regarding the Transaction or additional financial details or guidance beyond what will be made available in the earnings press release. Any further material information relevant to the transaction will be provided in subsequent press releases or public filings with the Securities and Exchange Commission.

Silicon Motion To Release First Quarter 2023 Financial Results on May 4

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In a high inflation environment where liquidity cracks have also started to appear amid tighter monetary policy in the western world, it is important to recalibrate our perception of risks in East Asia. I illustrate this recalibration using Taiwan's Silicon Motion which is subject to acquisition interest by U.S.-based MaxLinear, with Chinese regulators currently assessing the deal.

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NUREMBERG, Germany , March 8, 2023 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced it will be exhibiting at the upcoming Embedded World in Nuremberg, Germany from the 14th to 16th March and will be showcasing their high-performance PCIe NVMe Gen4 single-chip SSD solution, automotive controller as well as an array of PCIe NVMe Gen4 SSD controller solutions for personal computers, industrial/embedded and automotive applications. Products showcasing at Silicon Motion's Embedded World booth include: PCIe Gen4 Single-Chip SSD: FerriSSD® Silicon Motion's FerriSSD is the latest PCIe Gen4 Single-Chip SSD solution developed to meet the unique and demanding requirements of rugged industrial applications.

Silicon Motion Returns to 2023 Embedded World with a Vast Array of PCIe Gen4 SSD Solutions for PCs, Industrial/Embedded and Automotive Applications

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SM2268XT First Controller to Support Future 3,200 MT/S NAND IO Speed TAIPEI and MILPITAS, Calif. , Feb. 16, 2023 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced the SM2268XT, its latest high-performance PCIe Gen4 SSD controller solution optimized for higher speed NAND transfer rates.

Silicon Motion Launches Third Generation PCIe Gen4 SSD Controller for Future TLC and QLC 3D NAND Flash

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Silicon Motion's (SIMO) fourth-quarter results fell short of estimates as a result of ongoing supply chain challenges, weak demand, difficult macroeconomic climate, and an unstable geopolitical condition.

Silicon Motion (SIMO) Q4 Earnings & Revenues Miss Estimates

Silicon Motion Announces Results for the Period Ended December 31, 2022

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Silicon Motion Technology Corporation is being acquired for ~$90 per share. It trades at a deep discount to the takeout price.

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News for Silicon Motion Technology Stock (SIMO)