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 Corp (SIMO) delivers cutting-edge NAND flash controllers and storage solutions powering smartphones, data centers, and automotive systems worldwide. This dedicated news hub provides investors and industry professionals with centralized access to official announcements, strategic developments, and technological breakthroughs.
Track critical updates including quarterly earnings disclosures, product launch details, and partnership agreements. Our curated collection spans innovations in SSD controllers, embedded storage advancements, and enterprise storage solutions – all essential for understanding SIMO's role in enabling next-generation semiconductor applications.
Discover updates across key operational areas: mobile storage innovations for 5G devices, automotive-grade controller developments, and data center storage architectures. Each announcement is verified at source to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for real-time access to Silicon Motion's evolving market position. Monitor how their controller designs continue shaping storage efficiency in AI-driven devices, industrial IoT systems, and hyperscale computing environments.
Silicon Motion announced the launch of the SM770 USB display interface SoC, designed for USB docking stations to support up to three 4K UHD displays at 60Hz or one display at 144Hz. This product targets professionals, shared office users, and gamers, offering low latency and low power consumption. The SM770 leverages Silicon Motion's CAT technology to compress display data efficiently, reducing CPU load. It is compatible with Windows, macOS, Linux, Android, and ChromeOS, and features the InstantView software for easy display extension without a driver. The SM770 is now available for customer sampling.
Silicon Motion launched the SM2322, a high-performance single-chip controller for portable SSDs, supporting up to 8TB storage and achieving 20Gbps data transfer speed. The SM2322 is designed for high-density storage in AI devices and gaming consoles, providing low-cost, high-performance, and low-power solutions. It features USB 3.2 Gen 2x2 interface, peak read/write speeds of 2,100/2,000MB/s, and supports various OS including Windows, Android, and macOS. The controller enhances endurance and data retention using NANDXtend® technology, offers AES 256-bit encryption, and is TCG Opal compliant. Mass production is expected in mid-2024.
Silicon Motion Technology (NasdaqGS: SIMO) announced financial results for Q1 2024. Net sales decreased 6% Q/Q but rose 53% Y/Y. The company reported $189.3 million in net sales. Gross margin was 45.0%, while operating margin was 9.5% (GAAP) and 12.0% (non-GAAP). Earnings per diluted ADS were $0.48 (GAAP) and $0.64 (non-GAAP).
Silicon Motion Technology confirms its quarterly cash dividend of US$2.00 per ADS, equivalent to US$0.50 per ordinary share, to be paid in four installments of $0.50 per ADS, equivalent to US$0.125 per ordinary share. The next installment will be paid on May 23, 2024. The declaration and payment of future dividends are subject to the Board's determination and compliance with relevant laws and agreements.
