Welcome to our dedicated page for Silicon Motion Technology news (Ticker: SIMO), a resource for investors and traders seeking the latest updates and insights on Silicon Motion Technology stock.
Silicon Motion Technology Corporation (SIMO) is a semiconductor company focused on NAND flash controllers and SSD solutions, and it frequently issues news related to its storage controller portfolio, financial performance, and capital markets activity. The company describes itself as the global leader in supplying NAND flash controllers for solid state storage devices and reports that it ships more SSD controllers than any other company in the world for servers, PCs and other client devices. Its news flow reflects this position, with regular updates on product introductions, AI and enterprise storage initiatives, and embedded storage controllers for smartphones, IoT devices, automotive systems, and industrial applications.
On this page, readers can follow Silicon Motion’s announcements about quarterly financial results, earnings conference calls, and business outlook commentary. The company’s releases often detail trends in SSD controller sales, eMMC+UFS controller sales, and SSD solutions sales, as well as discussions of GAAP and non-GAAP metrics, dividend declarations, and share repurchase authorizations. These updates provide insight into how its storage controller business is performing across consumer, enterprise, automotive, industrial, and data center markets.
Silicon Motion also uses news releases to highlight new controller platforms and collaborations. Recent communications have described PCIe Gen5 enterprise SSD controllers, the MonTitan platform, and AI-focused storage solutions for hyperscale data centers and nearline SSDs, along with demonstrations at industry events and partnerships with server and storage vendors. Investors and industry watchers can use the SIMO news feed to track developments in its controller roadmap, participation in technology and investor conferences, and commentary on market conditions and risk factors.
For ongoing coverage of SIMO, this news page aggregates the company’s press releases and related updates so readers can monitor its storage controller business, product diversification, and strategic direction over time.
Silicon Motion (SIMO) has unveiled the world's first 128TB PCIe Gen5 Enterprise SSD Reference Design Kit (RDK) based on their MonTitan™ platform. The groundbreaking design incorporates the enterprise-grade SM8366 controller, supporting PCIe Gen5 x4 NVMe 2.0 and OCP 2.5 data center specifications.
The SSD delivers exceptional performance metrics, including sequential read speeds over 14 GB/s and random read performance exceeding 3.3 million IOPS, offering a 25% improvement compared to other Gen5 high-capacity solutions. Built with 2Tb die QLC NAND, the design features enterprise-optimized firmware and supports NVMe 2.0 FDP and proprietary PerformaShape™ technology for enhanced data management.
The RDK is now available for sampling to select partners, with companies like Innodisk and Exascend already collaborating on enterprise SSD development for AI servers and data centers.
Silicon Motion Technology (SIMO), a leading NAND flash controller designer, has announced its participation in three major investor conferences in March 2025:
- Loop Capital's 6th Annual Investor Conference on March 11 at The Lotte New York Palace Hotel (meetings only)
- 37th Annual Roth Conference on March 17 at 3:30 p.m. PDT at The Laguna Cliffs Marriott Resort & Spa in Dana Point, California (with webcast)
- Bank of America Securities 2025 Asia Tech Conference on March 19 at Grand Hyatt Taipei, Taiwan (meetings only)
Investors can access the live audio webcast of the company's Roth Conference presentation through Silicon Motion's website Investor Relations section. The webcast recording will remain available for 90 days after the event.
Silicon Motion (SIMO) has announced its participation in Embedded World 2025, showcasing advanced storage and display solutions. The company will present several key products including:
The SM2264XT-AT, an automotive-grade PCIe Gen4 SSD controller with SR-IOV capability supporting up to eight virtual machines, certified for AEC-Q100 Grades 2/3 and achieving ASPICE Level 3 certification.
The Ferri Family of embedded storage solutions, featuring NANDXtend® ECC and IntelligentScan™ technologies for industrial and AIoT applications.
The SM770 display interface SoC supporting triple 4K UHD displays with proprietary CAT™ 2.0 technology and InstantView® software.
The MonTitan™ 128TB QLC SSD development kit, featuring PCIe Gen5 technology with sequential read speeds over 14 GB/s and random read performance exceeding 3.3 million IOPS, optimized for AI workloads.
Silicon Motion (SIMO) has achieved ASPICE Capability Level 3 (CL3) certification for its PCIe Gen4 SSD controller, becoming the first SSD controller vendor worldwide to reach this milestone. The certification, assessed by UL Solutions, demonstrates the company's ability to implement standardized workflows and process assets at the corporate level.
The achievement is particularly significant in the context of software-defined and autonomous vehicles, where software quality control is increasingly critical. Silicon Motion's automotive-grade SSD storage solutions feature proprietary firmware designed for durability, performance, and power efficiency. The company's products comply with key automotive standards including AEC-Q100, IATF 16949, ISO 21434, and ISO 26262 ASIL B.
Silicon Motion Technology (SIMO) has announced a new $50 million share repurchase program for its American Depositary Shares (ADSs) over a six-month period. The company reported significant top-and-bottom-line growth in fiscal year 2024, attributing success to their market share expansion and product portfolio diversification strategy.
The repurchases will be conducted in the open market following Rule 10b-18 safe harbor provisions. The program will be funded using the company's cash reserves, which stood at approximately $334.3 million in cash, cash equivalents, restricted cash, and short-term investments as of December 31, 2024.
CEO Wallace Kou expressed confidence in the company's long-term opportunities, highlighting their entry into the enterprise market with the MonTitan platform and expansion into automotive, IoT, gaming, wearables, and other emerging growth markets.
Silicon Motion (NASDAQ: SIMO) reported Q4 2024 financial results with net sales of $191.2 million, down 10% Q/Q and 6% Y/Y. The company experienced declines across its product lines: SSD controller sales decreased 5-10% Q/Q and Y/Y, eMMC+UFS controller sales fell 10-15% Q/Q but remained flat Y/Y, and SSD solutions sales dropped 35-40% Q/Q and 25-30% Y/Y.
For full-year 2024, net sales grew 26% Y/Y to $803.6 million, with non-GAAP gross margin improving to 46.2% from 43.0% in 2023. The company announced an annual cash dividend of $2.00 per ADS.
Looking ahead, Silicon Motion expects Q1 2025 revenue between $158-167 million, representing a 12.5-17.5% Q/Q decline. Despite challenging consumer market conditions in early 2025, the company anticipates a strong rebound in the second half driven by new product introductions and OEM customer wins, targeting an annual revenue run-rate of $1 billion by Q4 2025.
Silicon Motion Technology (NASDAQ: SIMO) has confirmed its quarterly cash dividend payment. The company's Board of Directors previously declared an annual dividend of US$2.00 per ADS (equivalent to US$0.50 per ordinary share) on October 28, 2024, to be distributed in four quarterly installments of $0.50 per ADS (US$0.125 per ordinary share).
The next quarterly dividend payment is scheduled for February 27, 2025, with a record date of February 13, 2025. The depository bank's DR Books will be closed for issuance and cancellation on February 13, 2025. Future dividend payments remain subject to Board approval and compliance with applicable laws and agreements.
Silicon Motion Technology (NasdaqGS: SIMO), a global leader in NAND flash controllers for solid state storage devices, announced its preliminary fourth quarter 2024 financial results. The company expects revenue to be at the low end of its original guidance range of $191 million to $202 million, issued on October 31, 2024. The gross margin (non-GAAP) is anticipated to be near the mid-point of the original 46.5% to 47.5% guidance range.
Silicon Motion will release its full fourth quarter 2024 financial results after the market closes on February 5, 2025, and will host a conference call on February 6 at 8:00 a.m. Eastern Time.
Participants must pre-register using the provided link to join the live call. The call will also be webcasted on the company’s website.
Silicon Motion Technology (SIMO) has achieved ISO 26262 ASIL B Ready and ASPICE CL2 certifications for its automotive storage solutions. This milestone reinforces the company's position in delivering high-standard automotive-grade storage solutions, particularly for electric vehicles (EVs) and autonomous driving technologies.
The company's NAND Flash controller technologies and firmware are designed to meet strict safety and reliability standards for automotive applications. With over 20 years of expertise, Silicon Motion's automotive-grade products comply with multiple international standards, including AEC-Q100, IATF 16949, ISO 26262, and ASPICE. Their product range includes SSD controllers and Ferri-embedded storage products designed for safer and smarter vehicles.
Silicon Motion Technology (SIMO) has appointed Jason Tsai as permanent Chief Financial Officer, effective October 28, 2024. Tsai, who has been serving as Interim CFO since April 25, 2024, was selected after a six-month search process. With over 25 years of finance leadership experience in semiconductor, hardware, and software sectors, Tsai previously held positions at Zendesk and Synaptics. CEO Wallace Kou highlighted Tsai's contributions to the finance team and his deep understanding of the company's business, customers, and industry as key factors in the appointment.
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