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Silicon Motion Technology Corporation - $SIMO STOCK NEWS

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

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 Corporation'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 Corporation's position in the market.

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%
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none
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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
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Rhea-AI Summary
Silicon Motion Technology Corporation announces its annual cash dividend of $2.00 per ADS. The dividend will be paid in four quarterly installments of $0.50 per ADS. The record and payment dates are provided. The company's depository bank's DR books will be closed on each of the record dates. The dividend program was reinstated after the termination of the proposed acquisition by MaxLinear.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
dividends
Rhea-AI Summary
Silicon Motion expects sequential revenue growth slightly above high-end of guidance range
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.18%
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-
Rhea-AI Summary
Silicon Motion Technology Corporation files arbitration against MaxLinear, Inc. for breaching merger agreement
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.55%
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none
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Rhea-AI Summary
MaxLinear terminates agreement to acquire Silicon Motion, leading to arbitration for substantial damages
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.32%
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Rhea-AI Summary
MaxLinear comments on termination of merger agreement with Silicon Motion
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
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none
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Rhea-AI Summary
Silicon Motion terminates its merger agreement with MaxLinear due to alleged breaches, and plans to pursue arbitration for substantial damages. The company also announces the resumption of its annual dividend policy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.15%
Tags
-
Rhea-AI Summary
MaxLinear, Inc. (MXL) Terminates Merger Agreement with Silicon Motion (SIMO) Due to Material Adverse Effect and Contractual Failures
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
Rhea-AI Summary
Silicon Motion rejects MaxLinear's termination of Merger Agreement and plans to pursue remedies
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.8%
Tags
Silicon Motion Technology Corporation

Nasdaq:SIMO

SIMO Rankings

SIMO Stock Data

2.57B
126.83M
80.34%
2.62%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
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