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Silicon Motion Technology Corp - SIMO STOCK NEWS

Welcome to our dedicated news page for Silicon Motion Technology (Ticker: SIMO), a resource for investors and traders seeking the latest updates and insights on Silicon Motion Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Silicon Motion Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Silicon Motion Technology's position in the market.

News
Silicon Motion Announces Chief Financial Officer Transition
Rhea-AI Summary
Silicon Motion Technology (SIMO) announced the appointment of Jason Tsai as Interim Chief Financial Officer, succeeding Riyadh Lai. The company recognizes Lai's contributions over 17 years and expresses confidence in Tsai's abilities. Tsai, with over 10 years of experience at the company, has a strong finance background in hardware, semiconductor, and software industries. Silicon Motion has also begun the search for a permanent CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
Tags
none
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News
Silicon Motion Announces Preliminary First Quarter 2024 Revenue and Earnings Conference Call Details
Rhea-AI Summary
Silicon Motion Technology (SIMO) expects sequential revenue growth slightly above guidance range for the first quarter of 2024, with gross margin near the high-end. The company will release its financial results on May 2, 2024, and host a conference call on May 3, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
Tags
earnings
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News
Silicon Motion Unveils 6nm UFS 4.0 Controller for AI Smartphones, Edge Computing and Automotive Applications
Rhea-AI Summary
Silicon Motion Technology Corporation introduces its UFS 4.0 controller, the SM2756, and second generation UFS3.1 controller, the SM2753, to meet the growing demands of AI-powered smartphones and high-performance applications. The SM2756 offers sequential read speeds exceeding 4,300 MB/s and write speeds over 4,000 MB/s, supporting up to 2TB of NAND flash. The SM2753 features sequential read speeds of 2150MB/s and write speeds of 1900MB/s, addressing the mainstream and value mobile phone market. Both controllers enhance data reliability, performance, and reduce power consumption.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
Tags
AI
News
Silicon Motion Announces Results for the Period Ended December 31, 2023
Rhea-AI Summary
Silicon Motion Technology Corporation (SIMO) reported a 17% increase in sales for the fourth quarter of 2023, with SSD controller sales increasing by 15-20% and eMMC+UFS controller sales increasing by 25-30% quarter-over-quarter. The company also announced an annual cash dividend of $2.00 per ADS. However, the full year 2023 net sales decreased by 32% year-over-year. The company expects sustained growth in 2024, with approximately 50% revenue increase from flash maker customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.11%
Tags
none
-
News
Silicon Motion Confirms Quarterly Dividend
Rhea-AI Summary
Silicon Motion Technology Corporation (SIMO) has confirmed its quarterly cash dividend of US$2.00 per ADS, equivalent to US$0.50 per ordinary share, to be paid in four quarterly installments. The next installment is scheduled for March 1, 2024, to shareholders of record on February 20, 2024. The company's depository bank's DR Books will be closed for issuance and cancellation on the same date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
dividends
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News
Silicon Motion Announces Preliminary Fourth Quarter 2023 Revenue and Earnings Conference Call Details
Rhea-AI Summary
Silicon Motion Technology Corporation (SIMO) expects sequential revenue growth to slightly exceed the high-end of its original guidance range of 10% to 15% for the fourth quarter of 2023. Gross margin (non-GAAP) is also expected to exceed the high-end of the company's original 42.5% to 43.5% guidance range. The company will release its financial results on February 6, 2024, and host a conference call on February 7 at 8:00 a.m. Eastern Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.03%
Tags
earnings
News
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 Directors
Rhea-AI Summary
Silicon Motion Technology Corporation (SIMO) announced the election of Mr. Cain Lin to its board of directors and the re-election of Mr. Steve Chen following the annual shareholders meeting. Mr. Lin's extensive experience in the semiconductors and venture capital industries is expected to add value and guide the company's next phase of growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
management
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News
Silicon Motion Announces New Organizational Structure to Support Continued Global Business Growth
Rhea-AI Summary
Silicon Motion Technology Corporation (NasdaqGS: SIMO) announces the establishment of two dedicated business units and the appointment of senior leaders to oversee growth and further market expansion. The Client & Automotive Storage (CAS) Business Unit will focus on client SSD controllers, mobile controllers, Ferri products, and expandable controllers. The Enterprise Storage & Display Interface Solution (ESDI) Business Unit will encompass the enterprise SSD controllers and display interface products. Nelson S. Duann and Alex Chou have been appointed as Senior Vice Presidents to lead the CAS and ESDI business units, respectively. Robert Fan has been promoted to Senior Vice President of Global Sales and President of SMI USA. These changes aim to enable faster innovation, stronger growth, and support the Company’s commitment to delivering best-in-class solutions for its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
none
-
News
Silicon Motion Showcases Advanced Automotive NAND Flash Storage Solutions at NXP Tech Days Detroit
Rhea-AI Summary
Silicon Motion Technology Corporation (NasdaqGS: SIMO) announces its participation at NXP Tech Days Detroit to showcase the NXP i.MX93 Evaluation Kit with Silicon Motion's Ferri-eMMC, a solution aimed at enabling best in class automotive storage platform and storage subsystem for infotainment systems and advanced driver assistance systems (ADAS).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
none
News
Silicon Motion Announces Results for the Period Ended September 30, 2023
Rhea-AI Summary
Silicon Motion Technology Corporation (NasdaqGS: SIMO) reported its financial results for the third quarter of 2023. Net sales increased 23% Q/Q to $172.3 million, while net income decreased to $10.6 million. Non-GAAP net income increased to $21.1 million. Gross margin was 42.4% and operating margin was 8.7% (GAAP).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.48%
Tags
none
Stock SIMO logo
Silicon Motion Technology Corp

Nasdaq:SIMO

SIMO Rankings

#1725 Ranked by Market Cap
#2088 Ranked by Stock Gains
#1192 Ranked by Dividends

SIMO Stock Data

2.51B
126.83M
80.34%
2.62%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
Taiwan
Zhubei

About SIMO

silicon motion is a global leader and pioneer in developing microcontroller ics for nand flash storage devices and specialty rf ics for mobile devices. our products are widely used in many of the leading smartphones and other mobile devices in the market today. more nand flash products, especially next generation flash, whether produced by samsung, toshiba, sandisk, sk hynix, micron or intel, are supported by silicon motion controllers than any other company. silicon motion leads the industry in supplying innovative controllers for managing the most advanced process geometry nand flash and the latest generation tlc (3-bits per cell) flash. we are a leader in emmc controllers for smartphones and tablets and in memory card and usb flash drive controllers, and increasingly we are focused on client ssd controllers for notebook pcs and other applications. also, silicon motion is a dedicated provider of 4g lte transceivers for smartphones and tablets and is a leading provider of mobile tv so