TAIPEI, Taiwan and MILPITAS, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company") today announced that Jason Tsai, currently VP of IR and Finance at Silicon Motion, has been appointed Interim Chief Financial Officer of the Company effective as of April 25, 2024. Mr. Jason Tsai succeeds Mr. Riyadh Lai who will be stepping down as Chief Financial Officer, effective as of April 25, 2024. Mr. Riyadh Lai will be staying on with the Com ...

Key PointsSilicon Motion designs and develops NAND flash memory controllers and provides mobile, data center and enterprise storage solutions.The AI boom is driving demand for NAND flash memory with its fast access and data storage capabilities.Silicon Motion faces heavy competition in the NAND controller market from Samsung, Micron Technology and Western Digital.5 stocks we like better than Silicon Motion TechnologySilicon Motion Technology Co. NASDAQ: SIMO is a fabless semiconductor company in the compute ...

Silicon Motion Technology Corporation (SIMO) has recently launched UFS (Universal Flash Storage) 4.0 controller, the SM2756, to address the increasing demand for AI-powered smartphones and advanced automotive and edge computing. In addition, the company also launched a second-generation SM2753 UFS3.1 controller. The advanced product launches expand SIMO’s portfolio of controllers, designed to support UFS4.0 to UFS2.2 standards.The company’s UFS portfolio is known to deliver high-end performance and “low pow ...

Company also launches its second generation UFS3.1 controller supporting the latest high speed 3D TLC and QLC NANDTAIPEI and MILPITAS, Calif., March 12, 2024 /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 introduced its UFS (Universal Flash Storage) 4.0 controller, the SM2756, as the flagship of the industry's broadest merchant portfolio of UFS controller solut ...

Silicon Motion Technology Corporation (SIMO) reported healthy fourth-quarter 2023 results, with the bottom and the top line beating the Zacks Consensus Estimate. The leading developer of microcontroller ICs for NAND flash storage devices witnessed top-line growth driven by healthy demand trends. In addition, the company has executed some management changes to better navigate the volatile market conditions.Net IncomeOn a GAAP basis, net income in the reported quarter was $21.1 million or 63 cents per America ...

Silicon Motion Technology Corporation (NASDAQ:SIMO) Q4 2023 Earnings Conference Call February 7, 2024 8:00 AM ET Company Participants Jason Tsai - VP, IR & Finance Wallace C. Kou - President & Chief Executive Officer Conference Call Participants Mehdi Hosseini - Susquehanna Financial Quinn Bolton - Needham & Company Gokul Hariharan - J.P. Morgan Anthony Stoss - Craig-Hallum Capital Craig Ellis - B. Riley Securities Suji Desilva - ROTH MKM Partners Operator Good day and thank you for standing by. Welcome to ...

Business Highlights Fourth quarter sales increased 17% Q/Q and increased 1% Y/Y SSD controller sales: 4Q increased 15% to 20% Q/Q and increased 0% to 5% Y/YeMMC+UFS controller sales: 4Q increased 25% to 30% Q/Q and increased 20% to 25% Y/YSSD solutions sales: 4Q decreased 5% to 10% Q/Q and decreased 45% to 50% Y/Y Announced annual cash dividend of $2.00 per ADS Financial Highlights  4Q 2023 GAAP4Q 2023 Non-GAAP•   Net sales$202.4 million (+17% Q/Q, +1% Y/Y)$202.4 million (+17% Q/Q, +1% Y/Y)•   Gross margin4 ...

Exhibit 99.1 Silicon Motion Announces Results for the Period Ended December 31, 2023 NEWS RELEASE Business Highlights • Fourth quarter sales increased 17% Q/Q and increased 1% Y/Y • SSD controller sales: 4Q increased 15% to 20% Q/Q and increased 0% to 5% Y/Y • eMMC+UFS controller sales: 4Q increased 25% to 30% Q/Q and increased 20% to 25% Y/Y • SSD solutions sales: 4Q decreased 5% to 10% Q/Q and decreased 45% to 50% Y/Y • Announced annual cash dividend of $2.00 per ADS Financial Highlights | --- | --- | --- ...

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