Silicon Motion Technology Corpo (NASDAQ:SIMO)

TAIPEI, Taiwan and MILPITAS, Calif., Feb. 03, 2020 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO) (“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend.

On October 25, 2019, the Board of Directors of the Company declared payment of an annual dividend of US$1.40 per ADS1, equivalent to US$0.35 per ordinary share, which will be paid in four quarterly installments of $0.35 per ADS, equivalent to US$0.0875 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on February 27, 2020 to all shareholders of record on February 13, 2020. Our depository bank’s DR Books will be closed for issuance and cancellation on February 13, 2020.

The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

Third Quarter 2019 Financial Results

• Net sales (non-GAAP) increased to $113.2 million from $94.3 million in second quarter 2019.
• Net income (non-GAAP) increased to $24.4 million or $0.69 per diluted ADS (non-GAAP) from $18.6 million or $0.52 per diluted ADS (non-GAAP) in second quarter 2019.

“Third quarter sales were stronger than expected, with total revenue growing 20%,” said Wallace Kou, President and CEO of Silicon Motion.  “We achieved corporate record high SSD controller sales as SSD adoption in client devices grew further, especially at PC OEMs.  Our eMMC+UFS controller sales rebounded further as smartphone adoption of UFS mobile embedded memory accelerated and our module makers’ eMMC projects continued to grow.  Sales of our SSD solutions, specifically our Ferri and Shannon products, started to recover this quarter.”

Business Outlook

“We are expecting a strong finish to this year, with revenue growing further in the fourth quarter,” said Wallace Kou, President and CEO of Silicon Motion.  “In the fourth quarter, we expect sales of both our SSD controllers and eMMC+UFS controllers to strengthen, and our SSD solutions sales to continue recovering.  Sales visibility has improved considerably since earlier this year, and based on what we are seeing from our customers’ procurement plans, our SSD controllers, eMMC+UFS controllers and SSD solutions are all expected to deliver solid growth next year.” 

HONG KONG and TAIPEI, Taiwan, Oct. 25, 2019 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announces today its annual cash dividend of $1.40 per ADS, a 17% increase from the $1.20 per ADS declared last year.

As the Company’s growth and profitability have been strong, the Board has decided to increase its annual dividend payment to $1.40 per ADS1,2 which will be paid in four quarterly installments of $0.35 per ADS3 according to the following anticipated record and payment dates:

Second Quarter 2019 Financial Results

• For the second quarter, net sales (non-GAAP) increased to $94.3 million from $88.9 million in the first quarter 2019. 
  
• Net income (non-GAAP) increased to $18.6 million or $0.52 per diluted ADS (non-GAAP) from $15.0 million or $0.42 per diluted ADS (non-GAAP) in the first quarter 2019.

Business Outlook
“We expect our revenues to continue growing quarter-after-quarter through the balance of this year.  We believe that full-year SSD controller shipments will grow strongly and in-line with market expectations, though revenue will likely be less than shipment growth because of less favorable product mix.  We believe our client SSD controller market share has continued to increase and that we are well positioned for continued SSD controller growth next year.  eMMC+UFS controller sales should continue growing sequentially through the second half of this year, though full-year sales will likely decline meaningfully.  Our Shannon open-channel SSDs are now in commercial deployment at our two B-A-T customers, important milestones, but full-year sales will be down sharply compared to last year.  Next year, we are expecting SSD solutions to rebound.”

TAIPEI, Taiwan and MILPITAS, Calif., July 29, 2019 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend.

On October 29, 2018, the Board of Directors of the Company declared payment of an annual dividend of US$1.20 per ADS1, equivalent to US$0.30 per ordinary share, which will be paid in four quarterly installments of $0.30 per ADS, equivalent to US$0.075 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on August 22, 2019 to all shareholders of record on August 8, 2019. Our depository bank’s DR Books will be closed for issuance and cancellation on August 8, 2019.

The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

TAIPEI, Taiwan and MILPITAS, Calif.--(BUSINESS WIRE)--

Silicon Motion Technology Corporation (SIMO) ("Silicon Motion"), a global leader in NAND Flash controllers and solid-state storage devices, today launched an external Solid State Drive (SSD) controller solution with an on-chip USB 3.2 interface, offering high performance and low power consumption for the next generation of cost-effective portable and external SSDs.

Current portable and external SSD designs typically employ a stand-alone SSD with an USB to SATA or PCIe bridge chip for interface between the SSD and the host. The new SM3282 with on-chip USB 3.2 Gen 1 interface provides a complete single-chip hardware and software solution supporting the USB Attached SCSI Protocol (UASP) and 2 NAND channels with 4 CE (Chip Enables) per channel, enabling up to two terabytes of storage with the latest generation of 96-layer QLC NAND. The SM3282 also enables battery powered small form factor portable SSDs while significantly reducing Bill of Materials (BOM) cost.

“Professional users often rely on high-speed portable storage to get access to their data on-the-go. Portable SSDs have been inhibited by high pricing and limited capacity compared to portable HDDs,” said Wallace Kou, President and CEO at Silicon Motion. “Our new SM3282 controller solution with its USB 3.2 Gen 1 interface enables the introduction of a new category of cost-effective portable SSDs as higher performance alternatives to portable HDDs.”

The key features of the SM3282 include:

• Peak sequential read and write transfer speeds of over 400MB/sec
• Supports USB type A and type C
• Compatible with Windows 10, Mac OS 10.x and Linux kernel v2.4
• Crystal-less design for bill-of-materials cost savings
• Built-in 3.3V/2.5V/1.8V/1.2V voltage regulators
• Supports LED for indicating access status
• 68-pin QFN package

TAIPEI, Taiwan and MILPITAS, Calif., April 29, 2019 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend.

On October 29, 2018, the Board of Directors of the Company declared payment of an annual dividend of US$1.20 per ADS1, equivalent to US$0.30 per ordinary share, which will be paid in four quarterly installments of $0.30 per ADS, equivalent to US$0.075 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on May 23, 2019 to all shareholders of record on May 9, 2019. Our depository bank’s DR Books will be closed for issuance and cancellation on May 9, 2019.

The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

TAIPEI, Taiwan and MILPITAS, Calif., March 07, 2019 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced that it has entered into a definitive agreement to sell FCI, its Mobile Communications product line, to Dialog Semiconductor Plc.

“FCI recently began supplying ultra-low power Wi-Fi SoCs and modules for both consumer IoT and industrial applications.  The product line also includes Mobile TV SoCs where FCI is the clear global market leader, especially in Korea, Japan and Brazil,” said Wallace Kou, President and CEO of Silicon Motion.  “This sale paves the way for us to focus even more in our core SSD controllers and related solutions for client devices, as well as data center and enterprise applications.”

The Board of Directors of both companies have given their approval and the transaction is expected to complete during 2019, subject to customary closing conditions, including regulatory review and approval.

TAIPEI, Taiwan and MILPITAS, Calif., Jan. 28, 2019 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend.

On October 29, 2018, the Board of Directors of the Company declared payment of an annual dividend of US$1.20 per ADS1, equivalent to US$0.30 per ordinary share, which will be paid in four quarterly installments of $0.30 per ADS, equivalent to US$0.075 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on February 27, 2019 to all shareholders of record on February 15, 2019. Our depository bank’s DR Books will be closed for issuance and cancellation on February 15, 2019.

The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

TAIPEI, Taiwan and MILPITAS, Calif., Nov. 21, 2018 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO) (“Silicon Motion” or the “Company”) today announced that its Board of Directors has authorized a new program for the Company to repurchase up to $200 million of its American Depositary Shares (ADSs) over a 24 month period, effective immediately.

“We continue to see our controllers benefiting from accelerating SSD adoption in PCs and growing interest in UFS embedded memory by smartphone OEMs, and are making solid progress with our hyperscale SSD projects,” said Wallace Kou, Silicon Motion’s President and CEO. “While our primary focus in creating long-term shareholder value is through growing our business, we have for many years also been delivering value by paying dividends. We are now seeking to boost shareholder returns by opportunistically repurchasing our shares.”

Repurchases under the new program will be made in the open market or according to other methods in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements and other factors. The Company expects to use cash on hand to fund the repurchases. The plan does not obligate the Company to acquire any particular amount of ADS, and it may be suspended at any time at the Company's discretion.

As of September 30, 2018, the Company had approximately $308.2 million of cash, cash equivalents and short-term investments.

Third Quarter 2018 Financial Results

• Net sales increased sequentially to $138.6 million from $138.1 million in the second quarter 2018.
• Net income (GAAP) decreased to $29.2 million or $0.81 per diluted ADS (GAAP) from a net income (GAAP) of $30.7 million or $0.85 per diluted ADS (GAAP) in the second quarter 2018.

“Our third quarter client SSD controller sales grew strongly as declining NAND pricing reduced the cost of SSD, which accelerated SSD adoption in PCs,” said Wallace Kou, President and CEO of Silicon Motion.   “In the quarter, two US NAND flash makers began shipping the world’s first client SSDs with their 4-bits per cell QLC 3D NAND using our controllers.  We believe these lower cost, high performance PCIe NVMe SSDs will help drive further displacement of HDDs in PCs and other client devices.  Separately and as expected, our SSD solutions declined in the third quarter due to timing of a technology transition at our major hyperscale customer.  Our eMMC+UFS controller sales were soft primarily due to smartphone market weakness.”

Business Outlook
“Our client SSD controller sales momentum continues to improve as the cost of NAND has been falling and SSDs are becoming increasingly affordable,” said Wallace Kou, President and CEO of Silicon Motion.  “Full-year sales of our client SSD controllers are now tracking towards a 35% growth rate.  We believe this positive trend will extend further next year.  However, both our SSD solutions and eMMC+UFS controller sales are tracking below prior expectation due to product transition timing and weaker end-market demand. Nevertheless, in spite of weaker than expected sales for the full year, we anticipate that our full-year margins will be better than expected because of stronger SSD controller sales and believe our earnings growth remains strong.”

HONG KONG and MILPITAS, Calif., Oct. 29, 2018 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announces today its annual cash dividend of $1.20 per ADS, which will be paid in four quarterly installments of $0.30 per ADS, unchanged from last year.

“While the Company’s profitability, cash flow and long-term outlook continues to be strong, the Board has decided to maintain the same annual dividend as last year given the current volatile global economic conditions and uncertainty,” said Wallace Kou, President and CEO of Silicon Motion. “The Board will revisit our annual dividend in January 2019, in conjunction with the timing of our annual operational planning to better align decisions about our dividend with business, earnings and cash flow goals and objectives.”

The annual dividend payment of $1.20 per ADS1,2 will be paid in four quarterly installments of $0.30 per ADS3 according to the following anticipated record and payment dates:

TAIPEI, Taiwan and MILPITAS, Calif., Oct. 05, 2018 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO) (“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announces that based on its preliminary third quarter financial results, revenue is expected to be within the lower half of the original guidance range of $136.0 million to $142.9 million that the company issued on August 1, 2018. Gross margin (non-GAAP) is expected to be at the high-end of the company's original guidance range of 48.5% to 50.5%.

TAIPEI, Taiwan and MILPITAS, Calif., Feb. 05, 2018 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend.

On October 24, 2017, the Board of Directors of the Company declared payment of an annual dividend of US$1.20 per ADS1, equivalent to US$0.30 per ordinary share, which will be paid in four quarterly installments of $0.30 per ADS, equivalent to US$0.075 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on February 27, 2018 to all shareholders of record on February 12, 2018. Our depository bank’s DR Books will be closed for issuance and cancellation on February 12, 2018.

The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

TAIPEI, Taiwan and MILPITAS, Calif., Aug. 01, 2017 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”) today announced that its Board of Directors has authorized a new program for the Company to repurchase up to $200 million of its ADS over a 12 month period. Separately, Silicon Motion executive officers have notified the Company that they intend to purchase $2.5 million of its ADSs.

“We believe that we are building a great business with a strong foundation of increasing depth and breath of storage products, from differentiated turnkey SSD controllers to unique SSD solutions that address the growing needs of PC OEMs, hyperscaler data centers, automotive OEMs and other applications,” said Wallace Kou, Silicon Motion’s President and CEO.  “This year, our business is facing very strong headwind caused by temporary NAND supply tightness.  As supply growth accelerates from new 3D NAND capacity coming on line, we believe current headwind will turn to tailwind and our business will rebound.”

Repurchases under the new program will be made in the open market or according to other methods in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements and other factors.  The Company expects to use cash on hand to fund the repurchases. The plan does not obligate the Company to acquire any particular amount of ADS, and it may be suspended at any time at the Company's discretion.

As of June 30, 2017, the Company had approximately $306.0 million of cash, cash equivalents, and marketable securities, compared to approximately $219.1 million the prior year.

The Company’s CEO, CFO and several other executive officers have notified us of their intention to acquire within the next 6 months a total of up to $2.5 million of the Company’s ADSs, subject to compliance with relevant securities laws and regulations and company policies.

TAIPEI, Taiwan and MILPITAS, Calif., July 28, 2017 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO) (“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend.

On October 24, 2016, the Board of Directors of the Company declared payment of an annual dividend of US$0.80 per ADS1, equivalent to US$0.20 per ordinary share, which will be paid in four quarterly installments of $0.20 per ADS, equivalent to US$0.05 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on August 17, 2017 to all shareholders of record on August 7, 2017. Our depository bank’s DR Books will be closed for issuance and cancellation on August 7, 2017.

The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

First Quarter 2017 Financial Results

• For the first quarter, net sales decreased 12% sequentially to $127.3 million from $144.2 million in the fourth quarter.
• For the first quarter, net income (non-GAAP) decreased to $25.1 million or $0.70 per diluted ADS (non-GAAP) from a net income (non-GAAP) of $33.9 million or $0.95 per diluted ADS (non-GAAP) in the fourth quarter.

“As expected, our sales in the first quarter was affected by seasonal weakness and ongoing tightness in NAND flash availability,” said Wallace Kou, President and CEO of Silicon Motion. “Sales of our client SSD controllers were seasonally weak, our eMMC controllers were seasonally flat and our SSD solutions declined due to NAND flash shortage.”

Business Outlook

“We expect our sales to begin to pick up in the second quarter, with anticipated growth from our embedded storage products,“ said Wallace Kou, President and CEO of Silicon Motion. “We continue to believe NAND flash supply will increase more meaningfully in the second half of this year and our business will rebound accordingly.”

TAIPEI, Taiwan and MILPITAS, Calif., April 24, 2017 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend.

On October 24, 2016, the Board of Directors of the Company declared payment of an annual dividend of US$0.80 per ADS1, equivalent to US$0.20 per ordinary share, which will be paid in four quarterly installments of $0.20 per ADS, equivalent to US$0.05 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on May 18, 2017 to all shareholders of record on May 5, 2017. Our depository bank’s DR Books will be closed for issuance and cancellation on May 5, 2017.

The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

MILPITAS, Calif. and TAIPEI, Taiwan, March 6, 2017 /PRNewswire/ -- Silicon Motion Technology Corporation (SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced the launch of its new UFS (Universal Flash Storage) 2.1 controller family, a complete product line supporting UFS HS-Gear3x1L and HS-Gear3x2L, enabling high-performance, high capacity and low power embedded memory for mobile phones. Designed with Silicon Motion's proprietary MIPI M-PHY, low-power architecture and advanced LDPC (Low Density Parity Check) ECC for 3D NAND support, the UFS 2.1 controller family delivers ultra-high random read/write performance of up to 50,000/40,000 IOPS*, capacity up to 512GB** and ultra-low power consumption for flagship and mainstream smartphones.

UFS is the latest generation embedded memory standard for mobile applications defined by JEDEC***. The UFS standard features a serial link-based MIPI M-PHY interface and SCSI architecture model (SAM) which enables high-performance, energy-efficient and high-capacity embedded storage, which is critical for the multitasking and multimedia requirements of today's smartphones. Silicon Motion's newest UFS 2.1 controller family provides more than three times faster sequential and random read/write performance as compared to the eMMC 5.1 controllers.

"Our UFS 2.1 controller family extends our eMMC leadership in mobile devices to today's flagship and premium models," said Wallace Kou, President and CEO of Silicon Motion. "Our unique turnkey UFS solution will usher in a new generation of cost-effective and high-performance embedded memory solutions, just as more application processor platforms roll-out support and more handset OEMs adopt UFS in mainstream devices."

"UFS is expected to be the dominant flash specification within the next five years, supplanting eMMC. The performance advantages of UFS over eMMC are most notable at high NAND densities, i.e. 128GB & 256GB," said Walter Coon, Director for NAND flash technology research at IHS Markit.  "High-performance multimedia capabilities are a cornerstone for mobile devices today and the addition of 4K and AR/VR capabilities will require more robust and higher capacity UFS embedded memory solutions for the majority of smartphones****"

Silicon Motion's leading-edge turnkey UFS controller and firmware technologies enable best-in-class embedded storage solutions for the increasing performance requirements of today's mobile devices. All products support multiple form factors, including discrete UFS and multi-chip uMCP embedded memory, as well as UFS memory card, and are compatible with all of the major mobile application processor platforms in the market. The proprietary low-power LDPC ECC engine and internally developed MIPI M-PHY enable high-performance UFS memory solutions with high endurance and energy efficiency.  Consistent with company's widely-adopted eMMC controllers, the turnkey UFS controller family supports 3D MLC and TLC flash from a variety of NAND flash makers.

TAIPEI, Taiwan and MILPITAS, Calif., Jan. 23, 2017 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend.

On October 24, 2016, the Board of Directors of the Company declared payment of an annual dividend of US$0.80 per ADS1, equivalent to US$0.20 per ordinary share, which will be paid in four quarterly installments of $0.20 per ADS, equivalent to US$0.05 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on February 23, 2017 to all shareholders of record on February 13, 2017. Our depository bank’s DR Books will be closed for issuance and cancellation on February 13, 2017.

The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

TAIPEI, Taiwan, Nov. 21, 2016 /PRNewswire/ -- Silicon Motion Technology Corporation (SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced that its flagship SM2703 SD controller now supports the fastest random read/write performance of up to 2000/800 IOPS to meet the A1 (Application Performance Class 1) requirements from the latest SD 5.1 specifications. By meeting the A1 performance standard and offering compatibility with the Android 7.0/6.0 Adoptable Storage platform, SM2703-based SD cards allow users to expand the internal storage in Android smartphones via a larger unified, high-performance embedded memory.

The SM2703 delivers unprecedented 4K random read/write speeds of up to 2000/800 IOPS in multi-die configurations and 2000/650 IOPS on a single TLC die -- easily exceeding the SD 5.1 A1 performance requirements (random read/write: 1500/500 IOPS). In addition, the SM2703's full compliance with SD 5.1 and compatibility with the latest version of Android's Adoptable Storage platform enables the integration of SD card and internal storage as a single storage platform for user applications, data and media.

"Android Smartphone shipments accounted for more than 85 percent of the worldwide market share, and 70 to 80 percent of these phones have microSD slots," said Nelson Duann, Senior Vice President of Product Marketing at Silicon Motion, "We have been working with the SD Association and our ecosystem partners in bringing this latest specification to market. With the SM2703 controller now supporting SD 5.1, our partners can rapidly bring to market a new generation of SD cards to enable a much better user experience and extend the usability of the Android smartphones."

SM2703 is a single channel UHS-I controller that has been adopted by over 100 manufacturers worldwide with proven quality, stability and performance. The new SM2703 firmware drives ultra-high random performance with industry-leading capabilities, including:

Ultra high random performance:
4K random read / write IOPS up to 2000 / 650 with one TLC die
4K random read / write IOPS up to 2000 / 800 with multi-die 
4K random read / write IOPS up to 2000 / 650 with one TLC die
4K random read / write IOPS up to 2000 / 800 with multi-die 
Complies with SD 5.1 and supports A1 performance
Compatible with Android 7.0/6.0 Adoptable Storage platform
Supports all the latest generation, cost-effective NAND including 3D TLC NAND from all the major NAND suppliers
Supports Video Speed Class 30 for 4K video recording

TAIPEI, Taiwan and MILPITAS, Calif., Oct. 24, 2016 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announces today its annual cash dividend to be paid in quarterly installments.

As the Company’s growth and profitability have been strong, the Board has decided to increase its annual dividend payment to $0.80 per ADS1,2 which will be paid in four quarterly installments of $0.20 per ADS3 according to the following anticipated record and payment dates:

he Company’s depository bank’s DR Books will be closed for issuance and cancellation on each of the record dates.

“The Board has decided to increase our dividend payment to further enhance returns to our shareholders,” said Wallace Kou, President and CEO of Silicon Motion. “We have been paying a quarterly $0.15 dividend for about four years. Now, with our expectations of continued strong business outlook and further improvements in free cash flow, we are confident in increasing our dividend payment.”

The payment of the annual dividend to be paid in quarterly installments will be made according to the anticipated record and payment dates unless subsequently changed by the Board.  The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

1 One ADS is equivalent to four ordinary shares.
2 $0.80 per ADS is equivalent to $0.20 per ordinary share.
3 $0.20 per ADS is equivalent to $0.05 per ordinary share.

MILPITAS, Calif., Aug. 8, 2016 /PRNewswire/ -- Silicon Motion Technology Corporation (SIMO) ("Silicon Motion"), a global leader in NAND flash controllers for solid-state storage devices, today announced it will be presenting at the upcoming Flash Memory Summit in Santa Clara, CA from August 9th to 11th and will be showcasing an array of industry-leading, next-generation turnkey controller solutions for high-performance SSD, UFS, UHS and USB products using 3D NAND. Since 2005, Silicon Motion has shipped over five billion NAND controllers – more than any other controller company in the world – and will commemorate this milestone at Flash Memory Summit.

The 3D NAND controller solutions to be displayed at Silicon Motion's Flash Memory Summit booth #413 include:

    PCIe Gen3 x4 NVMe 1.2 SSD Controller – SM2260
    SATA 6Gb/s SSD Controllers – SM2246EN and SM2258
    UFS 2.1 Controllers – SM2750
    UHS-I/UHS-II SD Solutions – SM2702/SM2704
    USB 3.1 Gen1 solutions – SM3268 and SM3269

In addition, Silicon Motion representatives will present at the following forums at Flash Memory Summit:

Pre-Conference Seminar H: Designing SSD Controllers (Monday, August 8, 1:00pm-5:00pm): Jeff Yang, Principal Engineer of Silicon Motion's Algorithm & Technology team, will be speaking about "ASIC/Merchant Chip-Based Flash Controllers" as part of Pre-Conference Seminar H.

Forum E-21: Controllers and Flash Technology Part 1: Hardware and Algorithms (Wednesday, August 10, 8:30am to 10:50am): Yuluen Wang, Senior Engineer of Silicon Motion's Algorithm & Technology team, will be speaking about "Ultra High Throughput ECC for SSD" as part of Forum E-21.

Forum C-22: SSD Concepts (Wednesday, August 10, 3:50pm-6:15pm): Jeff Yang, Principal Engineer of Silicon Motion's Algorithm & Technology team, will be speaking about "Enabling the Reliable TLC SSD System" as part of Forum C-22.

Session 303-D: PCIe/NVMe Extensions, Part 2 (Thursday, August 11, 2:30pm-3:45pm): Rick Huang, Product Marketing Manager of Silicon Motion, will be presenting "PCIe NVMe Client SSD with 3D TLC" as part of Session 303-D.

Session 303-H: Automotive Applications (Thursday, August 11, 2:30pm-3:45pm): Jason Chien, Product Marketing Director of Silicon Motion, will be presenting "Reliable Solid State Storage for IoT / Automotive" as part of Session 303-H.

TAIPEI, Taiwan and MILPITAS, Calif., July 21, 2016 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for SSDs and other solid state storage devices, confirms today its quarterly cash dividend.

On November 2, 2015, the Board of Directors of the Company declared payment of an annual dividend of US$0.60 per ADS1, equivalent to US$0.15 per ordinary share, which will be paid in four quarterly installments of $0.15 per ADS, equivalent to US$0.0375 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on August 17, 2016 to all shareholders of record on August 5, 2016. Our depository bank’s DR Books will be closed for issuance and cancellation on August 5, 2016.

The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

SIMO is semiconductor company that has consistently grown revenues from $225 million in 2013 to $361 million in 2015. Non-GAAP EPS grew from $0.30 to $2.11 over the same time period. These positive growth trends are expected to continue through 2017.  Analyst sales/EPS estimates for fiscal 2016 and 2017 are $468 million/$2.74 EPS and $515 million/$3.19 EPS respectively.  At the current price, the stock is selling at a trailing P/E of ~21.  Our trigger price* will be below $42.

TAIPEI, Taiwan, May 31, 2016 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today introduced SM2258, the world's first turnkey merchant ASIC/firmware SATA 6Gb/s SSD controller solution supporting the latest 3D TLC NAND from all the major NAND suppliers. The SM2258 turnkey controller solution is designed specifically to meet the unique demands of managing 3D TLC NAND for client SSDs, offering high capacity with best-in-class performance, ultra-low power consumption and extended durability and data retention. The new SM2258 solution will accelerate the adoption of a new class of cost-competitive, high-capacity and high-performance 3D TLC-based SSDs in the market.

Silicon Motion's customizable turnkey controller solution is enabling SSD OEMs to use the latest generation, most cost-effective 3D TLC NAND flash to quickly bring to market differentiated SSD solutions that will accelerate SSD adoption.  The SM2258 controller employs the company's  proprietary NANDXtend™ technology consisting of LDPC hard and soft decoding as well as RAID protection that together triple the P/E cycles of 3D TLC NAND - extending the SSD lifespan and ensuring data integrity.  SM2258 also features advanced Direct-to-TLC and SLC Caching algorithms for optimal sustained performance with TLC NAND.

 "NAND vendors are readying for the transition to 3D TLC NAND that will improve affordability and accelerate adoption of SSDs," said Wallace Kou, President and CEO of Silicon Motion. "As the NAND controller market leader, our new SM2258 customizable turnkey controller solution will enable our partners to rapidly bring to market a new generation of low-cost 3D TLC-based SSDs with uncompromising performance and capacity to drive even faster displacement of HDDs in a wide variety of end-markets and applications."

"As 3D NAND approaches half of client SSD petabytes going into next year, advanced SSD controllers enabling low cost, high performance 3D TLC NAND-based solutions are critical for this transition," said Gregory Wong, Founder and Principal Analyst of Forward Insights.

Silicon Motion's SM2258 provides a complete customizable hardware and firmware turnkey SSD controller solution with industry leading capabilities and technologies, including:

Supports 2D/3D MLC and TLC NAND Flash from all the major NAND Flash vendors
Ultra-high sequential read performance of up to 560MB/s and sequential write of up to 520MB/s*
Up to 90,000 random read IOPS* and up to 80,000 random write IOPS*
Proprietary NANDXtend error-correcting and data protection technology to triple the P/E cycles for 2D/3D TLC SSD devices
Direct-to-TLC, Dynamic SLC Cache as well as Static SLC Cache algorithms for optimal sustained read and write performance
Support for ONFI 3.0, Toggle 2.0 and asynchronous NAND
The latest security protocols, including AES 256, Trusted Computing Group (TCG) and Opal full-drive encryption compliant
Ideal suitability for client SSDs targeting ultrabooks, laptops, tablets and HDD replacement
Support for both commercial (0°C to 70°C) and industrial grade (-40°C to 85°C) requirements
*with IMFT 3D TLC NAND

The SM2258 SSD controller solution with 3D TLC NAND support is available today.

The SM2258 solution with IMFT 3D TLC NAND will be demonstrated at 2016 Computex Taipei in room 1028 of the Grand Hyatt Taipei hotel.

Taipei, Taiwan, April 07, 2016 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO) (“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces that based upon its preliminary first quarter financial results, sequential revenue growth is expected to be 14% to 15%, significantly higher than its original guidance range of a decrease of 2.5% to an increase of 2.5% that the company issued on January 29, 2016. Gross margin (non-GAAP) is expected to be in the upper half of the company's original guidance range of 49% to 51%.

The Company will release its full first quarter 2016 results after the market closes on April 27, 2016. The Company will host a conference call on April 28, at 8 am Eastern Time, to discuss its results.

Taipei, Taiwan, Jan. 06, 2016 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)(Silicon Motion or the Company), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces that based upon its preliminary fourth quarter financial results, sequential revenue growth is expected to be within the upper half of its original guidance range of 0% to 3% that the company issued on October 29, 2015. Gross margin (non-GAAP) is expected to be at the lower end of the company's original guidance range of 50 to 52%.

The Company will release its full fourth quarter 2015 results after the market closes on January 28, 2016. The Company will host a conference call on January 29, at 8 am Eastern Time, to discuss its results.

MILPITAS, Calif., Jan. 6, 2016 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announced today the release of the world's first turnkey merchant SATA SSD controller solution supporting 3D NAND from multiple vendors.  The enhanced controller solution will accelerate the adoption of the most competitive high-performance SSDs in the market. Silicon Motion will be demonstrating 3D NAND-based SSDs using its updated SM2246EN controller solution during the 2016 Consumer Electronics Show in Las Vegas.

The market for client SSDs is increasingly more competitive and the use of 3D NAND with turnkey controller solutions will quickly enable SSD OEMs to bring to market high-performance SSDs using the industry's most cost-effective 3D NAND. Silicon Motion is extending the capabilities of its industry-leading SM2246EN turnkey controller solution to now support 3D MLC NAND from multiple vendors. The SM2246EN now includes the addition of advanced 3D Power Loss Protection firmware technology - specifically designed to protect against sudden data loss in 3D NAND architectures -- as well as the support of up to 2 terabytes capacity. The SM2246EN with 3D NAND support is available now to customers, and the company will introduce additional SSD controller solutions supporting 3D MLC and TLC NAND flash for SATA3 and PCIe SSDs in 2016, further improving performance and affordability for broader SSD adoption.

"SM2246EN is the world's leading merchant SATA 6Gb/s controller for client SSDs today," said Nelson Duann, Senior Vice President of Product Marketing at Silicon Motion. "The added support for 3D MLC NAND will usher in a new era of SSDs with uncompromising performance and affordability."

Shalley Chen, President of ADATA Technology Co., Ltd, shared a similar opinion. "Reliable turnkey solutions are the cornerstone for ADATA to efficiently and successfully utilize 3D NAND across all our key product platforms, including SSDs. These solutions offered by Silicon Motion are critical to our long-term success."

"3D NAND will drive faster adoption of client SSDs by consumers and corporate clients," said Nick Villalobos, Director of Global Marketing at Mushkin Inc., "We are excited to partner with Silicon Motion in deploying SM2246EN with 3D MLC NAND in our new SSD products."

Key features for SM2246EN with IMFT 3D MLC NAND solution include:

• Ultra high sequential read performance of up to 540 MB/s and sequential write of up to 410 MB/s
• Delivers up to 80,000 random read IOPS and up to 75,000 random write IOPS
• Supports SSD densities up to two terabytes
• Supports ONFI 3.x, Toggle 2.0 and asynchronous NAND
• Proprietary, configurable ECC engine allows for consistent data throughput and performance throughout the entire SSD lifecycle
• Ideally suited for client SSDs targeting ultrabooks, laptops, tablets and HDD replacement
• Incorporates the latest security protocols and is AES 256, Trusted Computing Group (TCG) and Opal full-drive encryption compliant
• Supports both commercial (0 degrees Celsius to 70 degrees Celsius) and industrial grade (-40 degrees Celsius to 85 degrees Celsius) requirements.

TAIPEI, Taiwan, Nov. 02, 2015 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO) (Silicon Motion or the Company), a global leader in NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces today its annual cash dividend to be paid in quarterly installments.

The Board of Directors of the Company has declared the payment of an annual dividend of US$0.60 per ADS¹, equivalent to US$0.15 per ordinary share, which will be paid in four quarterly installments of $0.15 per ADS, equivalent to US$0.0375 per ordinary share, according to the following anticipated record and payment dates:

Third Quarter 2015 Financial Results

• Net sales increased 9% sequentially to $95.4 million1 from $87.2 million in 2Q15 
• Diluted earnings per ADS (non-GAAP) increased to $0.57 from $0.51 in 2Q15

"Our third quarter sales grew by 9% sequentially, led by robust sales of our Embedded Products which grew approximately 25%, accounting for more than 60% of our total sales in the quarter,� said Wallace Kou, President and CEO, Silicon Motion. �Within our Embedded Products, our client SSD controller sales grew over 40% sequentially as our sales to two NAND flash partners and many module maker customers continued to expand and now represent approximately 20% of total sales. Our Embedded Product sales also grew because our eMMC controller sales rebounded due to increased orders from SK Hynix for new smartphone OEM design-wins and we began consolidating sales of Shannon Systems enterprise-grade SSDs."

TAIPEI, Taiwan, July 27, 2015 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces today its quarterly cash dividend.

The Board of Directors of the Company has declared the payment of a quarterly dividend of US$0.15 per ADS[1], equivalent to US$0.0375 per ordinary share, which will be paid on August 26, 2015 to all shareholders of record on August 14, 2015. Our depository bank’s DR Books will be closed for issuance and cancellation on August 14, 2015.

The payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

Taipei, Taiwan, July 7, 2015 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces that based upon its preliminary second quarter financial results, revenue is expected to increase 7% to 9% sequentially, at the upper half of its original guidance range of a sequential increase of 5% to 10% that the company issued on April 28, 2015. Gross margin (non-GAAP) is expected to be near the mid-point of the company's original guidance range of 50 to 52%.

The Company will release its full second quarter 2015 results after the market closes on July 27, 2015. The Company will host a conference call on July 28, at 8 am Eastern Time, to discuss its results.

TAIPEI, Taiwan, July 02, 2015 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO) (�Silicon Motion�), a global leader in NAND flash controllers for solid state storage devices, today announced that it has completed the previously announced acquisition of Shannon Systems^[1] (�Shannon�), a leading supplier of enterprise-class PCIe SSD and storage array solutions to China�s internet and other industries.  As previously communicated, Shannon expects full-year 2015 sales of approximately $14 to $18 million and the impact of this acquisition is expected to be slightly accretive to Silicon Motion�s non-GAAP earnings per share in the second half of 2015.

 �We are excited to welcome the Shannon team to Silicon Motion,� said Wallace Kou, President and CEO of Silicon Motion. �Shannon, China�s enterprise SSD leader, is well positioned with its unique, high-performance solutions to benefit from the rapid adoption of high-end enterprise SSDs within China�s large corporate and internet infrastructure.�

With the completion of the acquisition, Dr. Xueshi Yang, Shannon�s co-founder and CEO, will join Silicon Motion�s executive team as head of our enterprise SSD business.

More details on this acquisition will be provided during Silicon Motion�s upcoming second quarter earnings conference call.

First Quarter 2015 Financial Results

• Net sales increased to US$80.6 million from US$80.5 million in 4Q14
• Diluted earnings per ADS (non-GAAP) decreased to US$0.48 from US$0.53 in 4Q14

Commenting on the results of the first quarter, Silicon Motion's President and CEO Wallace Kou said:

"We are off to a solid start in 2015. Our first quarter revenue benefited from strong client SATA 3 SSD controller sales momentum and stable eMMC controller sales. Client SSD controller sales doubled sequentially, now account for over 10% of our corporate revenue and shipments increased to over a million units a month in March. This quarter, our module maker customers aggressively built SSDs for channel markets. Micron and another NAND flash partner ramped sales of their SSDs with our controllers to both channel and OEM markets, and we expect a new major SSD program with our controllers, again for both channel and OEM markets, to begin shipping in the second quarter. Our storage OEM partner began shipping SSDs to three global tier-1 PC OEMs in the first quarter and recently started shipping to two additional OEMs. Our overall embedded products sales rebounded to well over half of total sales.

Separately, I am excited to announce that we have entered into an agreement to acquire Shannon Systems, a leading supplier of innovative enterprise-class PCIe SSD and storage array solutions to China's e-commerce, cloud computing and other industries. With this acquisition, which we anticipate closing in the next few months, we will supply enterprise-grade SSDs to the internet companies that operate in the world's largest internet market."

Fourth Quarter 2014 Financial Results

• Net sales decreased 7% quarter-over-quarter to US$80.5 million from US$86.6 million in the third quarter.
• Net income (non-GAAP) decreased quarter-over-quarter to US$16.6 million or US$0.48 per diluted ADS from a net income (non-GAAP) of US$19.7 million or US$0.57 per diluted ADS in the third quarter.
• GAAP net income for the fourth quarter decreased to US$11.9 million or US$0.35 per diluted ADS from a GAAP net income of US$14.6 million or US$0.43 per diluted ADS in the third quarter

"As expected, our fourth quarter revenue was seasonally soft, largely due to the seasonality of eMMC sales. Our fourth quarter revenue increased 53% as compared to the fourth quarter of 2013, led by a strong 70% year-over-year increase of our embedded storage sales, with strong growth by our eMMC and client SSD controllers.

For full-year 2014, we achieved the highest level of revenue in our corporate history. We are extremely pleased with the stellar growth of our eMMC sales, which are now about 40% of total corporate sales, and with the solid position that our client SSD controllers have established with our NAND flash, storage OEM and module maker partners. Our overall embedded storage product sales, consisting primarily of our eMMC, client SSD and industrial SSD controllers have grown to account for over half of our total corporate sales.

In the first quarter-to-date, our client SSD controllers have already achieved a number of important milestones. Micron and another NAND flash vendor announced that they will start shipping SSDs with our controllers. Our storage OEM partner has already started shipping SSDs with our controllers to three global tier-1 PC OEMs. Our turnkey TLC SATA 3 client SSD controller, the world's first merchant solution, which began commercial sampling in August last year, began initial commercial sales to a module maker customer. Additionally, we secured an SSD platform win at another NAND flash OEM, which brings the total number of NAND flash partners that will enter production in 2015 with our client SSD controllers to four."

Business Outlook:

Silicon Motion's President and CEO, Wallace Kou, added:

"2014 was an outstanding year for Silicon Motion. We believe our strong 2014 sets the stage for continuing growth in 2015. We are confident that our SK Hynix eMMC business will continue to grow and our client SSD controller sales will scale as our OEM projects enter production. We expect our first quarter to be seasonally soft due to removable storage seasonality which should offset the initial ramp of our OEM client SSD sales. We expect our eMMC sales to be relatively flat sequentially, but represent an increase of over 50% as compared to the first quarter of 2014."

For the first quarter of 2015, management expects:

• Revenue to decrease 5% to 0% sequentially
• Gross margin (non-GAAP) to be in the 50% to 52% range
• Operating expenses (non-GAAP) of approximately US$22 to $23 million

For full-year 2015, management expects:

• Revenue to increase 15 % to 25 % as compared to full-year 2014
• Gross margin (non-GAAP) to be in the 49.5% to 51.5% range
• Operating expenses (non-GAAP) of approximately US$91 to $97 million

Taipei, Taiwan, January 8, 2015 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO)("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces that based upon its preliminary fourth quarter financial results, revenue is expected to decline 7 to 8% sequentially, at the midpoint of its original guidance range of a sequential decline of 5 to 10% that the company issued on October 30, 2014. Gross margin (non-GAAP) is expected to be 51.5 to 52.5%, above the company's original guidance range of 50 to 52%.

The Company will release its full fourth quarter 2014 results after the market closes on January 26, 2015. The Company will host a conference call on January 27, at 8 am Eastern Time, to discuss its results.

SHIN-YOKOHAMA, Japan, Nov. 12, 2014 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced the availability of its automotive grade PATA and SATA FerriSSD solutions designed for In-Vehicle-Infotainment (IVI) systems. Silicon Motion will showcase the FerriSSD Automotive IVI-Grade Solutions at the 2014 Embedded Technology in Yokohama, Japan.

FerriSSD is designed to replace the traditional SATA and PATA hard disk drives used in a wide range of embedded applications such as automotive IVI systems. By integrating NAND flash with Silicon Motion's industry-leading controllers in a small BGA package, the FerriSSD delivers faster performance with significantly better endurance and reliability than hard disk drives. The automotive IVI FerriSSD solutions support AEC-Q100 as well as an operating temperature range of -40 to +85 degrees Celsius.

"The increasing amount of technology being embedded into automobiles today- from real-time GPS, to streaming Internet multimedia content to interfacing with smartphones, requires better performing and more reliable IVI systems," said Nelson Duann, Silicon Motion's Vice President of Product Marketing. "Our FerriSSD is a high performance, highly reliable storage solution that is easy to implement without compromising safety or performance."

FerriSSD is a complete embedded storage solution, encompassing both hardware and firmware to support an array of industry-leading capabilities using proprietary technologies with features including:

• Intelligent scan and data refresh with a built-in temperature sensor to effectively enhance the reliability and extend the lifespan of the SSD
• SSD LifeGuard� monitor and remote firmware updatability to ensure that each drive remains healthy and utilizing the latest firmware
• SLC mode and Intelligent Clean, two complementary features that provide fast data access as well as high speed sustained data transfers
• Hardware-level quick-erase and full-disk AES encryption for enhanced data protection
• Full sleep/energy saver mode for lower power consumption
• System level protection from voltage surges to avoid a potential fire hazard
• Every unit is tested and guaranteed to operate between -40 to +85 degrees Celsius
• Automotive IVI compliance to the AEC-Q100 requirements
• Package dimensions of 16x20x2mm BGA package with 1.0mm ball pitch
• PATA or SATA up to 64GB capacity options

Silicon Motion will showcase its complete line of embedded solutions, including FerriSSD, embedded graphics and embedded eMMC solutions, at booth A-21 of the 2014 Embedded Technology show in Yokohama, Japan.

MILPITAS, Calif., November 10, 2014 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced the availability of its automotive grade PATA and SATA FerriSSD solutions designed for In-Vehicle-Infotainment (IVI) systems. Silicon Motion will showcase the FerriSSD Automotive IVI-Grade Solutions at the 2014 Electronica show in Munich, Germany.

FerriSSD is designed to replace the traditional SATA and PATA hard disk drives used in a wide range of embedded applications such as automotive IVI systems. By integrating NAND flash with Silicon Motion's industry-leading controllers in a small BGA package, the FerriSSD delivers faster performance with significantly better endurance and reliability than hard disk drives. The automotive IVI FerriSSD solutions support AEC-Q100 as well as an operating temperature range of -40 to +85 degrees Celsius.

"The increasing amount of technology being embedded into automobiles today- from real-time GPS, to streaming Internet multimedia content to interfacing with smartphones, requires better performing and more reliable IVI systems," said Nelson Duann, Silicon Motion's Vice President of Product Marketing. "Our FerriSSD is a high performance, highly reliable storage solution that is easy to implement without compromising safety or performance."

FerriSSD is a complete embedded storage solution, encompassing both hardware and firmware to support an array of industry-leading capabilities using proprietary technologies with features including:

• Intelligent scan and data refresh with a built-in temperature sensor to effectively enhance the reliability and extend the lifespan of the SSD
• SSD LifeGuard® monitor and remote firmware updatability to ensure that each drive remains healthy and utilizing the latest firmware
• SLC mode and Intelligent Clean, two complementary features that provide fast data access as well as high speed sustained data transfers
• Hardware-level quick-erase and full-disk AES encryption for enhanced data protection
• Full sleep/energy saver mode for lower power consumption
• System level protection from voltage surges to avoid a potential fire hazard
• Every unit is tested and guaranteed to operate between -40 to +85 degrees Celsius
• Automotive IVI compliance to the AEC-Q100 requirements
• Package dimensions of 16x20x2mm BGA package with 1.0mm ball pitch
• PATA or SATA up to 64GB capacity options

Silicon Motion will showcase its complete line of embedded solutions, including FerriSSD, embedded graphics and eMMC solutions, at booth #A6.431 of the 2014 Electronica show in Munich, Germany.

TAIPEI, Taiwan, Oct. 15, 2014 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces today its quarterly cash dividend.

The Board of Directors of the Company has declared the payment of a quarterly dividend of US$0.15 per ADS¹, equivalent to US$0.0375 per ordinary share, which will be paid on November 19, 2014 to all shareholders of record on November 10, 2014. Our depository bank's DR Books will be closed for issuance and cancellation on November 10, 2014.

The payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company's shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

¹ One ADS is equivalent to four ordinary shares.

MILPITAS, Calif., Sept. 18, 2014 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today introduced the SM2704, the world's fastest single-channel UHS-II SD card controller solution.  The SM2704 supports the highest-level SD card standards: UHS-II bus interface & UHS Speed Class 3 (U3) featuring a maximum data read speed of up to 280MB/s along with a maximum data write speed of up to 260MB/s. By supporting the new U3 Speed Class, the SM2704 delivers ample performance to handle the needs of professional photography, high-definition video recording and compressed 4K video capture and playback.

"Silicon Motion is the number one merchant supplier of UHS-I/II card controllers, which are the majority of our overall SD card controller sales. The SM2704 extends the company's leadership with the highest performance UHS-II controller while utilizing a cost-effective, single-channel design," said Wallace Kou, President and CEO of Silicon Motion. "We are pleased to partner with Micron in enabling the world's fastest UHS-II SD cards in the market today."

"UHS-II technology raises the performance levels for professional photographers, videographers and enthusiasts," said Wes Brewer, Vice President of Micron Consumer Products Group. "The SM2704, with Micron's proprietary high-performance NAND flash and card reader combination, enables us to deliver the highest performance solutions at an affordable price in our new UHS-II Professional SDHC and SDXC cards."

Silicon Motion's SM2704 is a complete hardware/firmware solution that supports all types of NAND Flash, including 1x/1y/1z nm SLC and MLC NAND. This product is first available today in the Lexar PRO 2000x as well as the PRO 1000x SDHC/SDXC cards. The product is being showcased in the SD Association booth number C043, hall 2.1 at the Photokina show, September 16-21 in Cologne, Germany.

MILPITAS, Calif., September 17, 2014 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today introduced the SM2704, the world's fastest single-channel UHS-II SD card controller solution. The SM2704 supports the highest-level SD card standards: UHS-II bus interface & UHS Speed Class 3 (U3) featuring a maximum data read speed of up to 280MB/s along with a maximum data write speed of up to 260MB/s. By supporting the new U3 Speed Class, the SM2704 delivers ample performance to handle the needs of professional photography, high-definition video recording and compressed 4K video capture and playback.

"Silicon Motion is the number one merchant supplier of UHS-I/II card controllers, which are the majority of our overall SD card controller sales. The SM2704 extends the company's leadership with the highest performance UHS-II controller while utilizing a cost-effective, single-channel design," said Wallace Kou, President and CEO of Silicon Motion. "We are pleased to partner with Micron in enabling the world's fastest UHS-II SD cards in the market today."

"UHS-II technology raises the performance levels for professional photographers, videographers and enthusiasts," said Wes Brewer, Vice President of Micron Consumer Products Group. "The SM2704, with Micron's proprietary high-performance NAND flash and card reader combination, enables us to deliver the highest performance solutions at an affordable price in our new UHS-II Professional SDHC and SDXC cards."

Silicon Motion's SM2704 is a complete hardware/firmware solution that supports all types of NAND Flash, including 1x/1y/1z nm SLC and MLC NAND. This product is first available today in the Lexar PRO 2000x as well as the PRO 1000x SDHC/SDXC cards. The product is being showcased in the SD Association booth number C043, hall 2.1 at the Photokina show, September 16-21 in Cologne, Germany.

Taipei, Taiwan, July 7, 2014 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces that based upon its preliminary financial results, sequential revenue growth for the second quarter is expected to be in the 30 to 32% range, significantly above its original guidance range of 10 to 15% that the company issued on April 29, 2014. Gross margin (non-GAAP) is expected to be in the 51 to 52% range, above the company's original guidance range of 48 to 50%.

First Quarter 2014 Financial Results 

• Net sales increased 1% quarter-over-quarter to US$52.8 million from US$52.5 million in 4Q13.
• Diluted earnings per ADS (non-GAAP) decreased to US$0.16 from US$0.30 in 4Q13.

Commenting on the results of the first quarter, Silicon Motion's President and CEO Wallace Kou said:

"We are off to an excellent start for 2014. I am pleased to report solid first quarter results that reflect strength from across most of our products. Our SSD+embedded sales increased sequentially in the first quarter and grew by over 60% as compared to the same period a year ago. In the first quarter, we began commercial sales of our TLC eMMC 4.5 controllers to our third NAND flash partner, converted the majority of our eMMC controller sales to eMMC 4.5, and began mass production of our next generation eMMC 5.0 controller. I am also pleased with the progress we are making in securing new wins for our SATA 3 client SSD controller which recently began shipping to numerous U.S., Taiwan, and China module makers for their channel market SSD solutions. Separately, our SSD OEM partner has been making solid progress marketing their SSD solutions with our controllers and has secured an important first design-win with a tier-one PC OEM. In addition, we secured an important design win with one of our flash partners for our SSD controller.

"We recently secured our first design-win for our LTE-Advanced transceiver with a leading Korean handset OEM and will begin commercial sales of this new transceiver in the second quarter. We are actively working on securing additional wins."

TAIPEI, Taiwan, April 22, 2014 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces today its quarterly cash dividend.

The Board of Directors of the Company has declared the payment of a quarterly dividend of US$0.15 per ADS¹, equivalent to US$0.0375 per ordinary share, which will be paid on May 16, 2014 to all shareholders of record on May 8, 2014. Our depository bank's DR Books will be closed for issuance and cancellation on May 8, 2014.

The payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company's shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

TAIPEI, Taiwan, April 7, 2014 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces that based upon its preliminary financial results, sequential revenue growth for the first quarter is expected to be near the high-end of the original guidance range that the company issued on January 28, 2014, of flat to down 10% sequentially. Gross margin (non-GAAP) is expected to be within the lower half of the company's guidance range of 48 to 50%.

TAIPEI, Taiwan, March 4, 2014 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF ICs solutions for mobile devices, today announced that it has successfully completed testing of FC7880, its new LTE-Advanced transceiver, and secured its first smartphone design win with a leading Korean handset OEM. Production is anticipated to begin late in the second quarter of 2014. 

FC7880, Silicon Motion's new high performance, low power, multi-mode diversity LTE-Advanced (3GPP Release 10) transceiver is the only single chip, SAW-less solution that monolithically integrates four receivers and one transmitter (4x1 MIMO) and is also the smallest LTE-Advanced transceiver available today. This transceiver enables carrier aggregation, covers all 41 prescribed spectrum bands and supports GSM, GPRS, EDGE, HSPA, HSPA+, TD-SCDMA, FDD-LTE and TD-LTE.

"We are excited about supplying our Korean handset OEM with our first LTE-Advanced transceiver solution and providing our partner with the most advanced transceiver technology in the market today. We look forward to their success and to extending our partnership," said Wallace Kou, President and CEO of Silicon Motion.  

TAIPEI, Taiwan, Jan. 28, 2014 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces today its quarterly cash dividend.

The Board of Directors of the Company has declared the payment of a quarterly dividend of US$0.15 per ADS¹, equivalent to US$0.0375 per ordinary share, which will be paid on February 25, 2014 to all shareholders of record on February 18, 2014. Our depository bank's DR Books will be closed for issuance and cancellation on February 18, 2014.

Fourth Quarter 2013 Results

• The company reported net sales of $52.5 million, compared to $70.6 million for the same quarter 2012.
• The company reported non-GAAP ADS of $0.30, compared to $0.36 for the same quarter 2012.

Commenting on the results of the fourth quarter, Silicon Motion's President and CEO Wallace Kou said:

"In the fourth quarter, our revenue declined 8% as expected, with our controller sales declining a milder 3% and RF IC sales declining significantly faster due to the end-of-life of previous generation LTE transceivers and weak mobile TV SoC sales. Our SSD plus embedded sales declined due to seasonally weak eMMC controller sales. Our SSD plus embedded sales however increased about 70% year-over-year. We completed final stages of testing and qualifications at our third NAND flash partner and will begin eMMC sales to this customer in the first quarter. We have also made steady progress towards scaling our SATA 3 client SSD controller sales by securing a win at an important OEM that is developing SSDs with our controllers targeting global tier-one PC vendors. SSD plus embedded controllers became our largest product line earlier this year and accounted for roughly 50% of all our controller sales in the fourth quarter. We are excited about the progress we have been making in transitioning away from removable storage controllers for mature markets towards SSD plus embedded controllers for growth markets and look forward to updating you on our continuing progress and new design wins.

I am pleased to announce that the testing of our new LTE-Advanced transceiver paired with Samsung's new LTE-Advanced baseband is nearing completion for our first flagship win at Samsung's 2014 smartphone lineup."

Business Outlook

Silicon Motion's Prsident and CEO, Wallace Kou, added:

"2013 was a transitional year. In 2014, with our SSD plus embedded products now our largest product line and targeting growth markets, we believe that we are well positioned for renewed growth. We currently anticipate, however, that revenues in the first quarter will decline due primarily to seasonal weak card and USB flash drive sales. Sales will recover as the year progresses when new eMMC programs ramp, eMMC sales to our third flash partner scale, and our SATA 3 SSD controllers enter the global PC OEM food chain. We expect to successfully complete testing of our new LTE-Advanced transceiver with Samsung and begin shipments for their new flagship smartphone in the second quarter."

For the first quarter of 2014, management expects:

• Revenue to be down 0% to 10% sequentially
• Gross margin (non-GAAP) to be in the 48% to 50% range
• Operating expenses (non-GAAP) of approximately US$16 to US$18 million

For the full year 2014, management expects:

• Revenue to increase 5% to 15% as compared to full-year 2013
• Gross margin (non-GAAP) to be in the 48% to 50% range
• Operating expenses (non-GAAP) of approximately US$70 to US$75 million

TAIPEI, Taiwan, Jan. 6, 2014 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces that based upon its preliminary financial results, sequential revenue growth for the fourth quarter is expected to be near the midpoint of the original guidance range that the company issued on October 25, 2013, of down 6% to 12% sequentially. Gross margin (non-GAAP) is expected to be within the upper half of the company's guidance range of 47 to 49%.

TAIPEI, Taiwan, Oct. 9, 2013 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced that it has begun sampling its new, single-channel, ultra high performance and cost-effective controller solution for USB 3.0 flash drives, the SM3267. By integrating an embedded crystal oscillator and all power ICs, SM3267 reduces the customers' overall system cost. In addition, SM3267 delivers an industry-leading data transfer rate of up to 160MB/s read, a 30% to 50% improvement from most single-channel USB 3.0 flash drive controllers in the market today.

"We are very excited to introduce SM3267, our first crystal-less USB 3.0 solution with integrated power ICs," said Wallace Kou, President and CEO of Silicon Motion. "SM3267 offers superior performance with competitive cost when compared to other USB 3.0 controllers in the market, and we believe our solution will help accelerate the market in transitioning from legacy USB 2.0 flash drives to the latest generation USB 3.0 drives. This is another example of Silicon Motion leading the market in bringing new, advanced technology to the mainstream market. We are pleased to announce that SM3267 has received design-ins from most of our current USB controller customers, including many top-tier OEMs, and we expect SM3267-based USB 3.0 flash drives will be commercially available starting in the fourth quarter of 2013."

TAIPEI, Taiwan, Oct. 4, 2013 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces that based upon its preliminary financial results, sequential revenue growth for the third quarter is expected to be at the lower end of the original guidance range that the company issued on July 30, 2013, of down 2.5% to up 2.5%. Gross margin (non-GAAP) is expected to be within the upper half of the company's guidance range of 47 to 49%.

The Company will release its full third quarter 2013 results after the market closes on October 24, 2013. The Company will host a conference call on October 25, at 8 am Eastern Time, to discuss its results

TAIPEI, Taiwan, Oct. 1, 2013 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces today its next quarterly cash dividend.

The Board of Directors of the Company has declared the payment of a quarterly dividend of US$0.15 per ADS¹, equivalent to US$0.0375 per ordinary share, which will be paid on November 8, 2013 to all shareholders of record on November 1, 2013. Our depository bank's DR Books will be closed for issuance and cancellation on November 1, 2013.

The payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company's shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

¹ One ADS is equivalent to four ordinary shares.

Second Quarter 2013 Financial Results

• Net sales in the second quarter were US$58.3 million, an increase of 2% compared with the first quarter. For the quarter, mobile storage products accounted for 80% of net sales and mobile communications 15% of net sales.
• Gross margin (non-GAAP) increased to 48.4% in the second quarter of 2013 from 41.0% in the first quarter of 2013. GAAP gross margin increased to 48.4% in the second quarter of 2013 from 43.8% in the first quarter of 2013.
• Net income (non-GAAP) was US$9.2 million for the second quarter of 2013, an increase from US$6.0 million in the first quarter of 2013. Diluted earnings per ADS (non-GAAP) were US$0.27 in the second quarter, an increase from US$0.17 in the first quarter of 2013.
• GAAP net income was US$7.5 million for the second quarter of 2013, an increase from the net income of US$4.8 million in the first quarter of 2013. Diluted GAAP earnings per ADS in the second quarter of 2013 were US$0.22, an increase from US$0.14 in the previous quarter.

Commenting on the results of the second quarter, Silicon Motion's President and CEO, Wallace Kou, said:

"In the second quarter, revenue from New Growth Products increased by approximately 30% sequentially as a result of stronger than expected sales of SSD+embedded controllers, in particular, sales of our eMMC controllers. Strong sales of smartphones and tablets, both global flagships and low-cost models, in both global markets and in China, have been driving strong demand for our eMMC controllers from our flash partners Samsung and SK Hynix. We believe we have about half of the fast growing China eMMC market. In the second quarter, due to strong SSD+embedded growth, revenue from SSD+embedded products was larger than our combined card and USB flash drive revenue and accounted for over half of our total controller sales.

While our SSD+embedded sales exceeded expectations, limited flash availability affected the sales of our card and USB flash drive controllers, especially to module maker customers. Our LTE transceiver business also declined in the second quarter as we are transitioning to next-generation LTE-Advanced transceivers for Samsung smartphones and tablets."

Business Outlook:

Silicon Motion's President and CEO, Wallace Kou, added:

"The continuing growth of our SSD+embedded controllers and the transition away from our card and USB flash drive controllers is improving our long-term prospects. The markets for our SSD+embedded products are growing rapidly and we are expanding our product portfolio and customer base to address these market opportunities. We expect sales of our SSD+embedded products to continue growing in the third quarter, offsetting weakness caused by ongoing flash tightness and more limited consumer demand for cards and USB flash drives."

For the third quarter of 2013, management expects:

• Revenue to decrease 2.5% to increase 2.5% sequentially
• Revenue (excluding LTE transceiver revenue) to increase 2% to 7% sequentially
• Gross margin (non-GAAP) to be in the 47% to 49% range
• Operating expenses (non-GAAP) of approximately US$17.5 to US$19.5 million

For the full year 2013, management expects:

• Revenue (excluding LTE transceiver revenue) to decrease 5% to 10% compared with full year 2012 (excluding LTE transceiver revenue)
• Gross margin (non-GAAP) to be in the 46% to 48% range
• Operating expenses (non-GAAP) of approximately US$70 to US$73 million

TAIPEI, Taiwan, July 2, 2013 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces today its next quarterly cash dividend.

The Board of Directors of the Company has declared the payment of a quarterly dividend of US$0.15 per ADS¹, equivalent to US$0.0375 per ordinary share, which will be paid on August 8, 2013 to all shareholders of record on August 1, 2013. Our depository bank's DR Books will be closed for issuance and cancellation on August 1, 2013.

The payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company's shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

¹ One ADS is equivalent to four ordinary shares.

TAIPEI, Taiwan, July 2, 2013 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces that based upon its preliminary financial results, revenue for the second quarter is expected to be flat as compared to the revenue for the first quarter, below the company's original guidance issued on April 26, 2013, of up 5 to 10%. Gross margin (non-GAAP) is expected to be in the 47 to 49% range, above the company's guidance of 45 to 47%.

Commenting on the company's preliminary results, Silicon Motion's President and CEO, Wallace Kou, said:

"In the second quarter, we saw demand for our embedded controllers (eMMC) exceed our own expectations along with continuing strong OEM sales of our other controller products. However, with availability of NAND flash still tight for module makers, procurement of our card and USB flash drive controllers from these customers was lower than expected."

The Company will release its full second quarter 2013 results after the market closes on July 29, 2013. The Company will host a conference call on July 30, at 8 am Eastern Time, to discuss its results.

TAIPEI, Taiwan, April 23, 2013 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces today its next quarterly cash dividend.

The Board of Directors of the Company has declared the payment of a quarterly dividend of US$0.15 per ADS¹, equivalent to US$0.0375 per ordinary share, which will be paid on May 14, 2013 to all shareholders of record on May 6, 2013. Our depository bank's DR Books will be closed for issuance and cancellation on May 6, 2013.

The payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company's shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

Third Quarter 2012 Results

First Quarter 2012 Results

• Net sales decreased 4.7% quarter-over-quarter to US$64.0 million from US$67.1 million in 4Q11
• Net sales increased 48% year-over-year from $43.4 million in 1Q11
• Gross margin (non-GAAP[1]) decreased to 49.5% from 49.8% in 4Q11
• Operating expenses (non-GAAP) increased to US$16.8 million from US$16.6 million in 4Q11
• Operating margin (non-GAAP) decreased to 23.3% from 25.1% in 4Q11
• Diluted earnings per ADS (non-GAAP) decreased to US$0.41 from US$0.47 in 4Q11

Commenting on the results of the first quarter, Silicon Motion's President and CEO, Wallace Kou, said:

"I am pleased to deliver our first quarter revenue at the high-end of our quarterly guidance. Our first quarter revenue of $64.0 million is 48% higher than the same period a year ago and is the highest first quarter revenue in the Company's history. This quarter, our eMMC controllers for a major NAND flash partner went into production and four new Samsung LTE smartphones using our LTE transceivers started selling to end consumers, sales from which helped propel a 20% sequential increase in our New Growth Products.

Our mobile storage business and the OEM part of this business declined as seasonally expected. However, our module maker business was stronger than expected primarily because of increased availability of low-cost NAND flash for module makers to build bundled cards for Chinese OEMs targeting the growing low-cost smartphone market. Separately, we are excited to announce that our eMMC controllers for a NAND flash partner has entered mass production. These eMMC modules, including MCPs, using our controllers are now shipping in volume to several leading Asian handset OEMs for their smartphones, including some highly anticipated, high-end global flagship models. We have a number of new eMMC design wins for production in the second quarter and the second half of this year and now have design wins with seven smartphone OEMs. As a result, we believe that our eMMC is on track to deliver significant growth.

Our mobile communications business grew in the first quarter with increasing LTE transceiver sales. During the quarter, Sprint, Metro PCs, and US Cellular began sales of four new Samsung LTE smartphones using our LTE transceivers: the Galaxy Attain 4G, Galaxy S Aviator, Galaxy Tab 10.1, and Galaxy Nexus. We are excited about the outlook for our LTE business with Samsung and are pleased to announce that we now have a total of 11 design wins for 2012."

Business Outlook:

Silicon Motion's President and CEO, Wallace Kou, added:

"Retail demand for memory cards and end demand for smartphones sold with bundled cards—other than those sold by certain OEMs—have been weak. We expect this weakness to impact our business in the second quarter. However, increasing sales of our New Growth Products should offset this weakness. We are excited about the ramp of our new eMMC controllers with our NAND flash partner and its smartphone OEM customers, as well as the continued growth of our Samsung LTE business. We expect our eMMC business with another NAND flash partner to begin mass production in late second quarter."

For the Second quarter of 2012, management expects:

• Revenue to be up 0% to 10% sequentially
• Gross margin (non-GAAP) to be in the 48% to 50% range
• Operating expenses (non-GAAP) of approximately US$17 to US$18 million

Our full-year 2012 guidance remains unchanged:

• Revenue to be up 20% to 30% compared with full year 2011
• Gross margin (non-GAAP) to be in the 48% to 50% range
• Operating expenses (non-GAAP) of approximately US$65 to US$70 million

Fourth Quarter 2011 Results

• Net sales increased 6% quarter-over-quarter to US$67.1 million from US$63.2 million in 3Q11
• Gross margin (non-GAAP[1]) increased to 49.8% from 49.4% in 3Q11
• Operating expenses (non-GAAP) increased to US$16.6 million from US$14.8 million in 3Q11
• Operating margin (non-GAAP) decreased to 25.1% from 26.0% in 3Q11
• Diluted earnings per ADS (non-GAAP) increased to US$0.47 from US$0.40 in 3Q11

"We are excited to report that the US$67.1 million revenue for the fourth quarter and the US$224.3 million revenue for full year 2011 are the highest quarterly and annual revenue in the Company's history. Revenue for full year 2011 grew a strong 69% when compared to 2010. We delivered stellar sales this quarter while at the same time increasing gross margins. Our revenue this quarter benefited from continued strength of our mobile storage OEM business together with unexpected growth from our module maker business. These strengths more than offset the expected, temporary mobile communications slowdown in the quarter.

Business Outlook:

Silicon Motion's President and CEO, Wallace Kou, added:

"2011 was another outstanding year for Silicon Motion and we are excited and proud to have delivered a strong 69% revenue growth, especially when global economic conditions were challenging. We are therefore also excited about generating further growth in 2012 from our card controllers, as well as new growth products such as LTE transceivers and eMMC controllers. We believe our new growth products could account for about a quarter of our total revenue this year and perhaps more next year.

For the current first quarter, we expect our overall mobile storage revenue to decline sequentially because of seasonal factors and stronger than expected module maker device build in the prior quarter. We believe that our LTE transceiver business should grow as new handset design-wins begin to ramp, which should partially offset mobile storage weakness."

For the first quarter of 2012, management expects:

• Revenue to be down 5% to 15% sequentially
• Gross margin (non-GAAP) to be in the 47% to 49% range
• Operating expenses (non-GAAP) of approximately US$15.5 to US$17.0 million

For the full year 2012, management expects:

• Revenue to be up 20% to 30% compared with full year 2011
• Gross margin (non-GAAP) to be in the 48% to 50% range
• Operating expenses (non-GAAP) of approximately US$65 to US$70 million

Third Quarter 2011 Results

Financial Highlights

• Net sales increased 25% quarter-over-quarter to US$63.2 million from US$50.5 million in 2Q11
• Gross margin excluding stock-based compensation increased to 49.4% from 46.9% in 2Q11
• Operating expenses excluding stock-based compensation, acquisition-related charges, and other items increased to US$14.8 million from US$13.1 million in 2Q11
• Operating margin excluding stock-based compensation, acquisition-related charges, and other items increased to 26.0% from 21.1% in 2Q11
• Diluted earnings per ADS excluding stock-based compensation, acquisition-related charges, net foreign exchange gain (loss), and other items increased to US$0.40, from US$0.29 in 2Q11

"We are excited to report that the US$63.2 million revenue this quarter is the highest quarterly revenue in our company's history. We delivered stellar sales while at the same time increasing our gross margins, and are reporting one of the highest quarters of non-GAAP EPS and the highest GAAP EPS in our company's history. Among other factors, this quarter we benefited from substantially better than expected availability of NAND flash and accelerated build of 4G LTE smartphones by Samsung.

NAND flash makers released more NAND flash components into the market and this action led to the 15% sequential growth of our mobile storage business as module makers increased their purchases of both flash and our controllers to build storage devices. Our OEM sales however were flat sequentially, as we expected, because of inventory management decisions by NAND flash makers. Our controller sales to tier-1 OEM device makers were, on the other hand, exceptionally strong. Our sales of advanced controllers supporting TLC flash increased over 10% sequentially during the quarter and continued to account for over 35% of all controller sales. In the second half of 2011, we expect a significant majority of our controllers will be for supporting 2x nm flash. We are on track with our eMMC projects and have three projects that are moving from qualification to production in the fourth quarter of 2011. To meet our customers' schedules we have already begun fabrication of eMMC controllers at our foundry partner.

Our mobile communications business delivered another exceptional quarter, growing 58% sequentially as Samsung accelerated its build of 4G LTE smartphones. For these LTE smartphones, we are supplying both an LTE transceiver and a multi-band CDMA EV-DO transceiver. We believe Samsung's LTE smartphones are experiencing very strong sales in the US because of their superior performance, strong consumer demand, and aggressive roll-out of LTE wireless broadband by US carriers. LTE handsets and tablets which ramped-up in the third quarter include the Samsung Galaxy Tab 10.1 and the new Samsung Stratosphere, both available through Verizon Wireless."

For the fourth quarter of 2011, management expects:

• Revenue to be flat to down 10% sequentially
   
• Gross margin excluding stock-based compensation to be in the 47% to 49% range
   
• Operating expenses excluding stock-based compensation, acquisition-related charges, and other items of approximately US$15 to US$17 million

For the full year 2011, management is increasing guidance as previously announced in July and now expects:

• Revenue to be up 61% to 66% compared with full year 2010
   
• Gross margin excluding stock-based compensation to be in the 47% to 48% range
   
• Operating expenses excluding stock-based compensation, acquisition-related charges, and other items of approximately US$56 to US$58 million

Fourth Quarter 2010

Financial Highlights

• Net sales increased 17% quarter-over-quarter to US$40.0 million from US$34.2 million in 3Q10
• Gross margin excluding stock-based compensation decreased to 45.1% from 48.4% in 3Q10
• Operating expenses excluding stock-based compensation, acquisition-related charges, and other items decreased to US$11.2 million from US$13.2 million in 3Q10
• Operating margin excluding stock-based compensation, acquisition-related charges, and other items increased to 17.3% from 9.8% in 3Q10
• Diluted earnings per ADS excluding stock-based compensation, acquisition-related charges, net foreign exchange gain (loss), and other items increased to US$0.18 from US$0.16 in 3Q10

Business Outlook:

Silicon Motion's President and CEO, Wallace Kou, added:

 "We are proud of the growth we generated in 2010 but we believe that the opportunities ahead for 2011 are even more exciting. Flash supply is expected to increase further in 2011 as the major flash vendors ramp up new manufacturing facilities while demand is expanding beyond the traditional card and USB flash drive markets into exciting new embedded opportunities in smartphones, tablets and other devices. Additionally, we are leveraging our controller technology leadership to enter new OEMs programs involving major flash vendors.  As the year progresses, I intend to discuss more about our design wins involving our embedded solutions as well as our OEM programs."

For the first quarter of 2011, management expects:

• Revenue to be flat to down 10% sequentially
• Gross margin excluding stock-based compensation to be in the 46% to 48% range
• Operating expenses excluding stock-based compensation, acquisition-related charges, and other items of approximately US$12 to US$14 million

For the full year 2011, management expects:

• Revenue to be up 20% to 30% compared with full year 2010
• Gross margin excluding stock-based compensation to be in the 46% to 48% range
• Operating expenses excluding stock-based compensation, acquisition-related charges, and other items of approximately US$53 to US$56 million