Silicon Motion Technology Corp. ADR (SIMO) News
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SIMO News Highlights
- SIMO's 30 day story count now stands at 3.
- Over the past 7 days, the trend for SIMO's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- The most mentioned tickers in articles about SIMO are DEC, LIN and TAP.
Latest SIMO News From Around the Web
Below are the latest news stories about SILICON MOTION TECHNOLOGY CORP that investors may wish to consider to help them evaluate SIMO as an investment opportunity.
Silicon Motion announces the Retirement of Mr. Yung-Chien Wang, the Appointment of Mr. Cain Lin and the Re-Election of Mr. Steve Chen to its Board of DirectorsTAIPEI, Taiwan and MILPITAS, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion,” the “Company” or “we”), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today, announced the election of Mr. Cain Lin to its board of directors (the “Board”) following the retirement of Mr. Yung-Chien Wang as well as the re-election of Mr. Steve Chen to its board of directors following the annual shareh |
Silicon Motion (SIMO) Restructures Businesses to Spur GrowthThe dedicated business units will enable Silicon Motion (SIMO) to develop the most advanced controller technology and deliver industry-leading solutions to tap new market segments for long-term growth. |
Silicon Motion Announces New Organizational Structure to Support Continued Global Business GrowthEstablishes Two Dedicated Business Units and Appoints Senior Leaders to Oversee Growth and Further Market ExpansionTAIPEI, Taiwan and MILPITAS, Calif., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion,” the “Company” or “we”), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today, announced a new organizational structure and leadership team appointments to support the Company’s continued g |
Tech With Benefits: 7 Stocks Offering Growth and Passive IncomeWhile innovation typically coincides exclusively with a growth-centric business model, that’s not always the case as these tech stocks to buy for growth and passive income demonstrates. |
7 F-Rated AI Stocks to Skip in NovemberAI stocks are popular in 2023 and that will likely continue into 2024, but the names on this list are AI stocks to avoid right now. |
1 Small Chip Stock to Consider for a New Era of AIIt's been a drama-filled year for small-cap chip designer SiliconMotion, but better times could be coming. |
Silicon Motion Showcases Advanced Automotive NAND Flash Storage Solutions at NXP Tech Days DetroitSilicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, announces its participation at NXP Tech Days Detroit from November 7-8 at St. John's resort, Plymouth. Silicon Motion, a Registered Partner of NXP, will showcase the NXP i.MX93 Evaluation Kit (EVK) with Silicon Motion's Ferri-eMMC. The Ferri-eMMC features cutting-edge firmware design, advanced NAND management, industry-leadi |
Silicon Motion Technology Corporation (NASDAQ:SIMO) Q3 2023 Earnings Call TranscriptSilicon Motion Technology Corporation (NASDAQ:SIMO) Q3 2023 Earnings Call Transcript November 2, 2023 Operator: Good day, and thank you for standing by. Welcome to the Silicon Motion Technology Corp. Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only. After the speaker’s presentation, there will be question-and-answer session. [Operator Instructions] […] |
Silicon Motion (SIMO) Q3 Earnings Beat, Revenues Decline Y/YSilicon Motion (SIMO) reports lower revenues year over year in the third quarter of 2023 due to weakness in various end markets. Improvement in channel inventory is a positive. |
Silicon Motion Announces Results for the Period Ended September 30, 2023Business Highlights Third quarter sales increased 23% Q/Q and decreased 31% Y/Y SSD controller sales: 3Q increased 5% to 10% Q/Q and decreased 10% to 15% Y/YeMMC+UFS controller sales: 3Q increased 100% to 105% Q/Q and decreased 40% to 45% Y/YSSD solutions sales: 3Q decreased 5% to 10% Q/Q and decreased 30% to 35% Y/Y Financial Highlights 3Q 2023 GAAP3Q 2023 Non-GAAP• Net sales$172.3 million (+23% Q/Q, -31% Y/Y)$172.3 million (+23% Q/Q, -31% Y/Y)• Gross margin42.4%42.5%• Operating margin8.7%13.8% |