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News Article | April 27, 2017
Site: globenewswire.com

1 Embedded Storage comprises primarily eMMC and client SSD controllers and enterprise and industrial SSD solutions. TAIPEI, Taiwan and MILPITAS, Calif., April 28, 2017 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”) today announced its financial results for the quarter ended March 31, 2017.  For the first quarter, net sales decreased 12% sequentially to $127.3 million from $144.2 million in the fourth quarter. Net income (GAAP) decreased to $23.5 million or $0.65 per diluted ADS (GAAP) from a net income (GAAP) of $26.2 million or $0.73 per diluted ADS (GAAP) 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. First Quarter 2017 Review “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.” * Mobile Storage products include Embedded Storage products (eMMC and client SSD controllers and enterprise and industrial SSD solutions) and Expandable Storage products (SD and USB flash drive controllers)   ** Mobile Communications products include mobile TV SoCs and handset transceivers During the first quarter, we had $3.1 million of capital expenditures for the routine purchase of software and design tools. Our first quarter cash flows were as follows: Returning Value to Shareholders On October 24, 2016, the Board of Directors of the Company declared a $0.80 per ADS annual dividend to be paid in quarterly installments of $0.20 per ADS.  On February 23, 2017, we paid $7.1 million to shareholders as the second installment of our annual dividend. 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.” For the second quarter of 2017, management expects: *Operating margin (non-GAAP) excludes $0.5 million of amortization of intangible assets, and $0.6 million to $0.7 million of stock-based compensation. * Gross margin (non-GAAP) excludes $0.5 million of stock-based compensation. ** Operating margin (non-GAAP) excludes $2.1 million of amortization of intangible assets, $0.3 million of litigation expense, and $15.5 million to $16.5 million of stock-based compensation. Conference Call & Webcast: The Company’s management team will conduct a conference call at 8:00 am Eastern Time on April 28, 2017. A webcast of the call will be available on the Company's website at www.siliconmotion.com. To supplement the Company’s unaudited selected financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company discloses certain non-GAAP financial measures that exclude stock-based compensation and other items, including gross profit (non-GAAP), operating expenses (non-GAAP), operating profit (non-GAAP), net income (non-GAAP), and earnings per diluted ADS (non-GAAP). These non-GAAP measures are not in accordance with or an alternative to GAAP, and may be different from non-GAAP measures used by other companies.  We believe that these non-GAAP measures have limitations in that they do not reflect all the amounts associated with the Company’s results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate the Company’s results of operations in conjunction with the corresponding GAAP measures.  The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measure.  We compensate for the limitations of our non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance. Our non-GAAP financial measures are provided to enhance the user’s overall understanding of our current financial performance and our prospects for the future. Specifically, we believe the non-GAAP results provide useful information to both management and investors as these non-GAAP results exclude certain expenses, gains and losses that we believe are not indicative of our core operating results and because it is consistent with the financial models and estimates published by many analysts who follow the Company.  We use non-GAAP measures to evaluate the operating performance of our business, for comparison with our forecasts, and for benchmarking our performance externally against our competitors.  Also, when evaluating potential acquisitions, we exclude the items described below from our consideration of the target’s performance and valuation.  Since we find these measures to be useful, we believe that our investors benefit from seeing the results from management’s perspective in addition to seeing our GAAP results.  We believe that these non-GAAP measures, when read in conjunction with the Company’s GAAP financials, provide useful information to investors by offering: The following are explanations of each of the adjustments that we incorporate into our non-GAAP measures, as well as the reasons for excluding each of these individual items in our reconciliation of these non-GAAP financial measures: Stock-based compensation expense consists of non-cash charges related to the fair value of restricted stock units awarded to employees. The Company believes that the exclusion of these non-cash charges provides for more accurate comparisons of our operating results to our peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, the Company believes it is useful to investors to understand the specific impact of share-based compensation on its operating results. Amortization of intangibles assets consists of non-cash charges that can be impacted by the timing and magnitude of our acquisitions.  The Company considers its operating results without these charges when evaluating its ongoing performance and forecasting its earnings trends, and therefore excludes such charges when presenting non-GAAP financial measures.  The Company believes that the assessment of its operations excluding these costs is relevant to its assessment of internal operations and comparisons to the performance of its competitors. Litigation expenses consist of legal expenses relating to intellectual property disputes, commercial claims and other types of litigation. While litigation may arise in the ordinary course of our business, we nevertheless consider litigation to be an unusual and unplanned activity and therefore exclude this charge when presenting non-GAAP financial measures. Foreign exchange gains and losses consist of translation gains and/or losses of non-US$ denominated current assets and current liabilities, as well as certain other balance sheet items which result from the appreciation or depreciation of non-US$ currencies against the US$. We do not use financial instruments to manage the impact on our operations from changes in foreign exchange rates, and because our operations are subject to fluctuations in foreign exchange rates, we therefore exclude foreign exchange gains and losses when presenting non-GAAP financial measures. Impairment of long-term investments relates to the other-than-temporary, non-operating write down of the Company's minority stake investments. We do not consider these investments, which were made before 2007, to be strategic and exclude the performance of these investments when evaluating our ongoing performance and forecasting our earnings trends, and therefore excluding losses (and gains) from the investments when presenting non-GAAP financial measures. 2 Assumes all outstanding ordinary shares are represented by ADSs.  Each ADS represents four ordinary shares. We are the global leader in supplying NAND flash controllers for solid state storage devices and the merchant leader in supplying SSD controllers.  We have the broadest portfolio of controller technologies and solutions and ship over 750 million NAND controllers annually, more than any other company in the world.  Our controllers are widely used in embedded storage products such as SSDs and eMMCs which are found in smartphones, PCs and industrial and commercial applications.  We also supply specialized high-performance hyperscale datacenter and industrial SSD solutions.  Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs.  For further information on Silicon Motion, visit us at www.siliconmotion.com. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation, statements about Silicon Motion’s currently expected second  quarter of 2017 and full year 2017 expectations of revenue, gross margin and operating expenses, all of which reflect management’s estimates based on information available at this time of this press release.  While Silicon Motion believes these estimates to be meaningful, these amounts could differ materially from actual reported amounts for the second quarter of 2017 and full year 2017. Forward-looking statements also include, without limitation, statements regarding trends in the multimedia consumer electronics market and our future results of operations, financial condition and business prospects.  In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology.  Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them.  These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward looking statements for a variety of reasons.  Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from these customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; our ability to continue to successfully integrate our 2015 acquisition of Shannon Systems; changes in our cost of finished goods; the payment, or non-payment, of cash dividends in the future at the discretion of our board of directors; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in our customers’ products; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions, its customers and consumers; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed on April 29, 2016.  We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.


Schaffhausen, Switzerland-based TE Connectivity Ltd's stock finished Thursday's session 0.28% higher at $76.47 with a total trading volume of 1.12 million shares. The Company's shares have advanced 4.34% in the past month, 1.54% over the previous three months, and 10.38% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.34% and 11.80%, respectively. Furthermore, shares of TE Connectivity, which together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, Middle East, Africa, and Asia/Pacific, have a Relative Strength Index (RSI) of 59.49. On May 10th, 2017, TE Connectivity has been named to the Forbes 2017 list of America's Best Employers. This is the second employer honor for the Company in the last month. In April, TE Connectivity was certified as a "Great Place to Work" by the Great Place to Work Institute, India. Visit us today and access our complete research report on TEL at: Shares in Wallingford, Connecticut headquartered Amphenol Corp. ended at $72.62, down 0.49% from the last trading session. The stock recorded a trading volume of 618,909 shares. The Company's shares have gained 4.13% in the last one month, 6.58% in the previous three months, and 8.31% on an YTD basis. The stock is trading 2.43% above its 50-day moving average and 9.01% above its 200-day moving average. Moreover, shares of Amphenol, which together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide, have an RSI of 60.18. On April 27th, 2017, research firm Stifel reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $64 a share to $72 a share. On May 04th, 2017, Amphenol announced that its Board of Directors approved Q2 2017 dividend on its Common Stock in the amount of $0.16 per share at its meeting held on May 03rd, 2017. The Company will pay this Q2 2017 dividend on or about July 11th, 2017, to shareholders of record as of June 19th, 2017. The complimentary report on APH can be downloaded at: Kowloon, Hong Kong-based Silicon Motion Technology Corp.'s stock ended yesterday's session 0.90% lower at $50.71 with a total trading volume of 390,316 shares. The Company's shares have advanced 8.35% in the past month, 27.41% over the previous three months, and 20.45% on an YTD basis. The stock is trading 11.24% and 10.16% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Silicon Motion Technology, which together with its subsidiaries, designs, develops, and markets semiconductor solutions for the mobile storage and mobile communications markets worldwide, have an RSI of 70.02. On April 28th, 2017, the Company announced its financial results for the quarter ended March 31st, 2017. Net sales decreased 12% sequentially to $127.3 million; GAAP net income decreased to $23.5 million; and non-GAAP net income decreased to $25.1 million in Q1 2017. Additionally, earnings per diluted ADS (GAAP) for the quarter were $0.65 and earnings per diluted ADS (non-GAAP) were $0.70. Register for free on Stock-Callers.com and access the latest research report on SIMO at: On Thursday, shares in San Francisco, California headquartered Dolby Laboratories Inc. recorded a trading volume of 223,673 shares. The stock finished 0.44% lower at $51.69. The Company's shares have advanced 0.90% in the last one month, 6.39% in the previous three months, and 15.03% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.78% and 4.74%, respectively. Furthermore, shares of Dolby Labs, which creates audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices, have an RSI of 51.40. On May 10th, 2017, Dolby Labs announced that Lewis Chew, Executive Vice President and CFO, will present at the 45th Annual J.P. Morgan Global Technology, Media and Telecom Conference in Boston, Massachusetts, on Tuesday, May 23rd, 2017, at 10:00 a.m. ET. Get free access to your research report on DLB at: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. 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News Article | May 12, 2017
Site: www.prweb.com

Protocol Insight announces the availability of the Falcon v1.1 SW/FW with the unique Trace Validation and Events view capabilities. With v1.1 software Falcon now offers full support for UFS compliance testing of embedded UFS2.1, the UFS 2.1 external card and the UFSA CTM1.2. This release also adds enhanced analyzer and exerciser features. Trace Validation is an expert system that uses state machine logic to analyze captured traces algorithmically without user intervention. It analyzes UFS and UniPro traffic for any deviations from the UFS or UniPro specifications or any other abnormalities of interest to the engineer, and presents the results linked to the packet listing windows for complete debug. Events view displays events on the bus in a unique time-aligned display, allowing the engineer to easily drill down from the highest level trace view to the lowest level M-PHY primitives. UFS compliance verifies embedded UFS2.1 and UFS 2.1 external cards to the CTS test cases in JESD224 as modified for JESD220B, JESD220C and JESD220-2. The Falcon v1.1 release adds support for 244 CTS test cases, including JESD224 compliant test cases, errata test cases and preliminary embedded UFS2.1 and UFS2.1 external card CTS test cases. With both stimulus tests and Trace Validation analysis tests, a total of 491 tests are provided. The previous v1.0 release provided support for 50 UniPro CTS test cases with 99 stimulus and Trace Validation analysis tests, as well as 14 UniPro Debug Trace Validation tests and 1 other Trace Validation test. New analyzer features with v1.1 include: 1. Simple Trigger on all UniPro and UFS packet types and payloads, from M-PHY primitives to UFS SCSI and Protocol. 2. Simple Packet Search of all UniPro and UFS packet headers and payloads. 3. Performance enhancements and multi-lane support for Events view. 4. Trace Validation™ for UFS, using pre-existing Trace Validation analysis tests from the Falcon software library. New Exerciser features include: 1. JEDEC JESD224 and UFSA CTM v1.2 support. 2. Stimulus error injection for UFS and UniPro. 3. Additional test executive UFS device configuration and control. Pricing, configuration and availability: The Falcon G300/G350 series UFS/UniPro Exerciser/Analyzer instruments are shipping now. Contact sales(at)protocolinsight(dot)com for pricing information or to request a demo. About Protocol Insight: Protocol Insight (http://www.protocolinsight.com) offers test and measurement software tools to customers who are developing products for the mobile computing market, and consulting and design services to engineers implementing serial protocol interfaces. Protocol Insight is a MIPI expert, with a background in both D-PHY and M-PHY protocol exercisers and analyzers. Protocol Insight contributes to the development of the UniPro standard thru the UniPro and Test Working Groups, and serves as Liaison between MIPI and JEDEC and UFSA. About UFSA The Universal Flash Storage Association (UFSA) was founded in 2010 as an open trade association to promote widespread adoption and acceptance of the UFS standard. Board of Director members include Keysight Technologies, Micron Technology, Montage Technology, Phison Electronics, Samsung Electronics, Silicon Motion Technology, SK Hynix and Tuxera. About the MIPI Alliance The MIPI Alliance is a global, collaborative organization comprised of companies that span the mobile ecosystem and are committed to defining and promoting interface specifications for mobile devices. The MIPI® Alliance is a non-profit corporation that operates as an open membership organization. All companies in the mobile device industry are encouraged to join, including semiconductor companies, software vendors, IP providers, peripheral manufacturers, test labs and end product OEMs. Today, more than 250 member companies actively participate in the Alliance, developing interface specifications which drive consistency in processor and peripheral interfaces, promoting reuse and compatibility in mobile devices. MIPI and the MIPI logo are a licensed trademark of the MIPI Alliance. JEDEC® and the JEDEC logo are registered trademarks of JEDEC Solid State Technology Association.


News Article | November 21, 2016
Site: en.prnasia.com

TAIPEI, Taiwan, Nov 21, 2016 /PRNewswire/ -- Silicon Motion Technology Corporation (NASDAQ: 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: We are the global leader in supplying NAND flash controllers for solid state storage devices and the merchant leader in supplying SSD controllers. We have the broadest portfolio of controller technologies and solutions and ship over 750 million NAND controllers annually, more than any other company in the world. Our controllers are widely used in embedded storage products such as SSDs and eMMCs which are found in smartphones, PCs and industrial and commercial applications. We also supply specialized high-performance enterprise and industrial SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs. For further information on Silicon Motion, visit us at www.siliconmotion.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/silicon-motion-announces-worlds-first-merchant-sd-51-controller-solution-300366530.html


News Article | December 14, 2016
Site: globenewswire.com

SHANGHAI, China, Dec. 14, 2016 (GLOBE NEWSWIRE) -- Shannon Systems, a leading manufacturer of SSDs, has continued its growth in the 3D NAND-based flash market by launching several new products including the world’s first 12.8TB PCIe SSD drive, Direct-IO G4i. The Shanghai-based flash storage giant is geared up to provide more different services for its enterprise customers. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/53c92e24-8eca-400b-a7e6-1db637172f62 “3D NAND technology heralds a new era of flash storage with high performance, high capacity and low cost being available at the same time for users,” remarked Shannon CEO Yang Xueshi. “Shannon has always been a frontrunner for research in this area. By utilizing 3D NAND, we provide a staggering capacity of 12.8TB on a single SSD drive. This is a milestone for the SSD industry.” Chinese ecommerce giant Alibaba has already deployed Shannon’s PCIe SSD products in large scale and seen significant performance improvements in mission-critical systems and being able to handle more intensive and larger workloads during peak times, serving more than 120,000 transactions per second in the last “singles day” sales event on November 11. Positioned as the input/output bottleneck “killer”, the enterprise-grade Shannon Direct-IO PCIe SSD flash stands out among its peers for its high performance level, resilience and reliability. In terms of reliability, Shannon adopts advanced signal processing, error correction and RAID technologies to ensure reliable data storage in addition to DRAM-less technology, which eliminates the need to flush DRAM buffered data when encountering a sudden power loss. Further to the Direct-IO PCIe SSD upgrades, Shannon also unveiled a 3D-NAND based nonvolatile memory express (NVMe)-based SSD line. This line of products comes out with access latency less than 15μs, more than 2GB/s read/write bandwidth while achieving all the performance with a typical power consumption less than 6W. With customers ranging from e-commerce, government, education to finance, Shannon Systems provides SSDs and solutions for enterprises such as travel website Qunar, telecommunications providers China Telecom and China Unicom and partners such as IT and electronics industry leaders Inspur, Huawei, Lenovo and HPE. “Innovation is coded in Shannon’s genes and we are committed to help enterprises handle larger scale workloads with our unique set of technologies and solutions,” added Yang. Shannon Systems, a subsidiary of Silicon Motion Technology Corporation (NasdaqGS:SIMO), is a leading provider of enterprise-grade flash SSDs and solutions. We provide a wide range of high-performance and highly reliable PCIe, NVMe and SATA SSD products to hyperscale datacenters and enterprises. For further information on Shannon Systems, visit us at www.shannon-sys.com.


TAIPEI, Taiwan and MILPITAS, Calif., Dec. 12, 2016 /PRNewswire/ -- 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, today announced that it has been...


News Article | October 27, 2016
Site: globenewswire.com

TAIPEI, Taiwan and MILPITAS, Calif., Oct. 27, 2016 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS:SIMO) (“Silicon Motion” or the “Company”) today announced its financial results for the quarter ended September 30, 2016.  For the third quarter, net sales increased 13% sequentially to $158.6 million from $140.7 million in the second quarter. Net income (GAAP) increased to $32.7 million or $0.92 per diluted ADS (GAAP) from a net income (GAAP) of $29.0 million or $0.82 per diluted ADS (GAAP) in the second quarter. For the third quarter, net income (non-GAAP) increased to $38.3 million or $1.07 per diluted ADS (non-GAAP) from a net income (non-GAAP) of $30.7 million or $0.86 per diluted ADS (non-GAAP) in the second quarter. 1 Embedded Storage comprises primarily eMMC and client SSD controllers and enterprise and industrial SSD solutions. Third Quarter 2016 Review “Third quarter sales exceeded our original expectations due to continuing strong demand for our client SSD and eMMC controllers, especially from our NAND flash partners,” said Wallace Kou, President and CEO of Silicon Motion. “We are excited that our NAND flash partners have continued to grow their sales of SSDs to PC OEMs and eMMCs to smartphone OEMs. This has led to further expansion of our market shares in both client SSD controllers and eMMC controllers.” * Mobile Storage products include Embedded Storage products (eMMC and client SSD controllers and enterprise and industrial SSD solutions) and Expandable Storage products (SD and USB flash drive controllers)   ** Mobile Communications products include mobile TV SoCs and handset transceivers During the third quarter, we had $2.8 million of capital expenditures for the routine purchase of software and design tools. This quarter, we received $35.0 million in bank financing secured by a $25.0 million restricted deposit.  These loans are for accelerating the unwinding of intercompany transactions.  We expect to repay the loans within 12 months from our operating cash flow. Our third quarter cash flows were as follows: Returning Value to Shareholders On October 24, 2016, the Board of Directors of the Company declared a $0.80 per ADS annual dividend to be paid in quarterly installments of $0.20 per ADS.  Because of our strong business outlook and improvements in free cash flow, our Board raised our annual dividend from last year’s $0.60 per ADS. On August 5, 2016, we paid $5.3 million to shareholders as the fourth installment of our previously announced annual dividend, which was declared on November 2, 2015. Business Outlook “We expect our revenue to decline in the fourth quarter.  Our client SSD controller sales should grow further, but will likely be offset by declining sales of card and USB flash drive controllers due to tightness in flash availability and SSD solutions due to project timing,” said Wallace Kou, President and CEO of Silicon Motion. “Year-over-year, our fourth quarter revenue should grow in the range of 39% to 47%, a solid finish for an outstanding year.  We will be exiting the year with a solid pipeline of projects relating to our client SSD controllers, eMMC and UFS controllers and SSD solutions, which we believe will position us for further growth in 2017.” For the fourth quarter of 2016, management expects: * Gross margin (non-GAAP) excludes $0.2 million of stock-based compensation. ** Operating margin (non-GAAP) excludes $0.5 million of amortization of intangible assets, $0.3 million of restructuring expenses, and $7.9 million to $8.3 million of stock-based compensation. Conference Call & Webcast: The Company’s management team will conduct a conference call at 8:00 am Eastern Time on October 28, 2016.      Speakers     Wallace Kou, President & CEO     Riyadh Lai, CFO     Jason Tsai, Senior Director of Investor Relations and Strategy A webcast of the call will be available on the Company's website at www.siliconmotion.com. To supplement the Company’s unaudited selected financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company discloses certain non-GAAP financial measures that exclude stock-based compensation and other items, including gross profit (non-GAAP), operating expenses (non-GAAP), operating profit (non-GAAP), net income (non-GAAP), and earnings per diluted ADS (non-GAAP). These non-GAAP measures are not in accordance with or an alternative to GAAP, and may be different from non-GAAP measures used by other companies.  We believe that these non-GAAP measures have limitations in that they do not reflect all the amounts associated with the Company’s results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate the Company’s results of operations in conjunction with the corresponding GAAP measures.  The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measure.  We compensate for the limitations of our non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance. Our non-GAAP financial measures are provided to enhance the user’s overall understanding of our current financial performance and our prospects for the future. Specifically, we believe the non-GAAP results provide useful information to both management and investors as these non-GAAP results exclude certain expenses, gains and losses that we believe are not indicative of our core operating results and because it is consistent with the financial models and estimates published by many analysts who follow the Company.  We use non-GAAP measures to evaluate the operating performance of our business, for comparison with our forecasts, and for benchmarking our performance externally against our competitors.  Also, when evaluating potential acquisitions, we exclude the items described below from our consideration of the target’s performance and valuation.  Since we find these measures to be useful, we believe that our investors benefit from seeing the results from management’s perspective in addition to seeing our GAAP results.  We believe that these non-GAAP measures, when read in conjunction with the Company’s GAAP financials, provide useful information to investors by offering: The following are explanations of each of the adjustments that we incorporate into our non-GAAP measures, as well as the reasons for excluding each of these individual items in our reconciliation of these non-GAAP financial measures: Stock-based compensation expense consists of non-cash charges related to the fair value of stock options and restricted stock units awarded to employees. The Company believes that the exclusion of these non-cash charges provides for more accurate comparisons of our operating results to our peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, the Company believes it is useful to investors to understand the specific impact of share-based compensation on its operating results. Foreign exchange gains and losses consist of translation gains and/or losses of non-US$ denominated current assets and current liabilities, as well as certain other balance sheet items which result from the appreciation or depreciation of non-US$ currencies against the US$. We do not use financial instruments to manage the impact on our operations from changes in foreign exchange rates, and because our operations are subject to fluctuations in foreign exchange rates, we therefore exclude foreign exchange gains and losses when presenting non-GAAP financial measures. Amortization of intangibles assets consists of non-cash charges that can be impacted by the timing and magnitude of our acquisitions.  The Company considers its operating results without these charges when evaluating its ongoing performance and forecasting its earnings trends, and therefore excludes such charges when presenting non-GAAP financial measures.  The Company believes that the assessment of its operations excluding these costs is relevant to its assessment of internal operations and comparisons to the performance of its competitors. Litigation expenses consist of legal expenses relating to intellectual property disputes, commercial claims and other types of litigation. While litigation may arise in the ordinary course of our business, we nevertheless consider litigation to be an unusual and unplanned activity and therefore exclude this charge when presenting non-GAAP financial measures. Acquisition-related expenses consist of direct costs of acquisitions, such as transaction fees, which vary significantly and are unique to each acquisition. The Company does not acquire businesses on a predictable cycle, so we have excluded the effect of these costs when presenting our non-GAAP financial measures. Restructuring expenses consists of costs relating to the restructuring of our corporate organization according to a formal plan to streamline operations and improve financial performance.  The Company does not engage in restructuring activities in the ordinary course of business, so have excluded the effect of these costs when presenting non-GAAP financial measures. 2 Assumes all outstanding ordinary shares are represented by ADSs.  Each ADS represents four ordinary shares. About Silicon Motion: We are the global leader in supplying NAND flash controllers for solid state storage devices and the merchant leader in supplying SSD controllers.  We have the broadest portfolio of controller technologies and solutions and ship over 750 million NAND controllers annually, more than any other company in the world.  Our controllers are widely used in embedded storage products such as SSDs and eMMCs which are found in smartphones, PCs and industrial and commercial applications.  We also supply specialized high-performance enterprise and industrial SSD solutions.  Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs.  For further information on Silicon Motion, visit us at www.siliconmotion.com. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation, statements about Silicon Motion’s currently expected fourth quarter of 2016 and full year 2016 revenue, gross margin and operating expenses, all of which reflect management’s estimates based on information available at this time of this press release.  While Silicon Motion believes these estimates to be meaningful, these amounts could differ materially from actual reported amounts for the fourth quarter of 2016 and full year 2016. Forward-looking statements also include, without limitation, statements regarding trends in the multimedia consumer electronics market and our future results of operations, financial condition and business prospects.  In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology.  Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them.  These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward looking statements for a variety of reasons.  Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from these customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; our ability to continue to successfully integrate our 2015 acquisition of Shannon Systems; changes in our cost of finished goods; the payment, or non-payment, of cash dividends, including our recently announced increase to our annual dividend, in the future at the discretion of our board of directors; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in our customers’ products; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions, its customers and consumers; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed on April 29, 2016.  We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.


News Article | December 9, 2016
Site: www.businesswire.com

SAN JOSE, Calif.--(BUSINESS WIRE)--The Global Semiconductor Alliance (GSA) is proud to announce the award recipients honored at the 2016 GSA Awards Dinner Celebration that took place in Santa Clara, California. Over the past 22 years the awards program has recognized the achievements of semiconductor companies in several categories ranging from outstanding leadership to financial accomplishments, as well as overall respect within the industry. The GSA’s most prestigious award, the Dr. Morris Chang Exemplary Leadership Award, was presented to Mr. Lip-Bu Tan, President and CEO of Cadence Design Systems, Inc. and Founder and Chairman of Walden International. GSA members identified the Most Respected Public Semiconductor Company Award winners by casting ballots for the industry’s most respected companies judging by their products, vision and future opportunities. Winners included the “Most Respected Emerging Public Semiconductor Company Achieving $100 Million to $500 Million in Annual Sales Award” presented to Nordic Semiconductor; “Most Respected Public Semiconductor Company Achieving $500 Million to $1 Billion in Annual Sales Award” awarded to Silicon Labs; “Most Respected Public Semiconductor Company Achieving $1 Billion to $5 Billion in Annual Sales Award” awarded to Analog Devices, Inc.; and “Most Respected Public Semiconductor Company Achieving Greater than $5 Billion in Annual Sales Award” received by NVIDIA Corporation. The “Most Respected Private Company Award” was voted on by GSA membership and presented to Quantenna Communications, Inc. Other winners include “Best Financially Managed Company Achieving up to $1 Billion in Annual Sales Award” presented to Silicon Motion Technology Corporation (Silicon Motion, Inc.) and “Best Financially Managed Semiconductor Company Achieving Greater than $1 Billion in Annual Sales Award” earned by NVIDIA Corporation. Both companies were recognized based on their continued demonstration of the best overall financial performance according to specific financial metrics. GSA’s Private Awards Committee, comprised of venture capitalists and select industry entrepreneurs, chose the “Start-Up to Watch Award” winner by identifying a company that has demonstrated the potential to positively change its market or the industry through the innovative use of semiconductor technology or a new application for semiconductor technology. This year’s winner is Innovium, Inc. As a global organization, the GSA recognizes outstanding companies headquartered in the Europe/Middle East/Africa and Asia-Pacific regions. Chosen by the leadership council of each respective region, award winners are semiconductor companies that demonstrate the most strength when measuring products, vision, leadership and success in the marketplace. The recipient of this year’s “Outstanding Asia-Pacific Semiconductor Company Award” is MediaTek Inc. and the recipient of this year’s “Outstanding EMEA Semiconductor Company Award” is Movidius. Semiconductor financial analyst Quinn Bolton from Needham & Company presented this year’s “Favorite Analyst Semiconductor Company Award” to Microsemi Corporation. The criteria used in selecting this year’s winner included historical, as well as projected data, such as stock price, earnings per share, revenue forecasts and product performance. The Global Semiconductor Alliance (GSA) mission is to support the global semiconductor industry and its partners by offering a comprehensive view of the industry. This enables members to better anticipate market opportunities and industry trends, preparing them for technology and business shifts. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration through efficient power networking for global semiconductor leaders and their partners, the Alliance identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 30 countries across the globe. www.gsaglobal.org


News Article | February 15, 2017
Site: www.prweb.com

Protocol Insight is now shipping the Falcon series of UFS and UniPro protocol exercisers and analyzers. The Falcon G300 Analyzer offers the unique Trace Validation capability to accelerate debug of the UniPro Link Startup Sequence and other common issues. The Falcon G350 Exerciser/Analyzer supports stress testing, margin and corner case testing, and compliance testing of both UFS and UniPro. “Adoption of UFS 2.1 is occurring rapidly, in embedded applications and with the external card form factor,” said Tony Carosa, chief architect, Protocol Insight. “As a result, faster resolution of common design issues and verification of interoperability are critically important. Trace Validation finds flaws quickly for shorter time to market, and Test Executive ensures compliance and interoperability.” Trace Validation™ will find your problems for you. Trace Validation uses state machine logic to analyze captured traces algorithmically without user intervention. It analyzes bi-directional UniPro and UFS traffic, performing protocol sequence and timing analysis and packet header and payload inspection. With Trace Validation, complex transactions such as power mode changes, Link Startup Sequences and NAC/Replay events can be automatically analyzed and easily debugged. Test Executive™ compliance testing for UFSA certification Test Executive™ executes the test cases specified in the UFSA CTM v1.0, and supports compliance testing of UFS2.1 (JESD220C) and the new card extension specification (JESD220-2). It also executes the test cases defined in JESD224 and performs conformance testing of UniPro v1.61 and the UniPro v1.1 CTS. Pricing, configuration and availability: The Falcon G300 UFS/UniPro analyzer and Falcon G350 UFS/UniPro exerciser/analyzer are available today at prices starting at $125,000 US MSRP. Go to http://www.protocolinsight.com/falcon-g300g350/ or contact sales(at)protocolinsight.com for more information. About Protocol Insight: Protocol Insight (http://www.protocolinsight.com) offers test and measurement software tools to customers who are developing products for the mobile computing market, and consulting and design services to engineers implementing serial protocol interfaces. Protocol Insight is a MIPI expert, with a background in both D-PHY and M-PHY protocol exercisers and analyzers. Protocol Insight contributes to the development of the UniPro standard thru the UniPro and Test Working Groups, and serves as Liaison between MIPI and JEDEC and UFSA. About UFSA The Universal Flash Storage Association (UFSA) was founded in 2010 as an open trade association to promote widespread adoption and acceptance of the UFS standard. Board of Director members include Keysight Technologies, Micron Technology, Montage Technology, Phison Electronics, Samsung Electronics, Silicon Motion Technology and SK Hynix. For more information about UFSA: http://www.ufsa.org/ About the MIPI Alliance The MIPI Alliance is a global, collaborative organization comprised of companies that span the mobile ecosystem and are committed to defining and promoting interface specifications for mobile devices. The MIPI® Alliance is a non-profit corporation that operates as an open membership organization. All companies in the mobile device industry are encouraged to join, including semiconductor companies, software vendors, IP providers, peripheral manufacturers, test labs and end product OEMs. Today, more than 250 member companies actively participate in the Alliance, developing interface specifications which drive consistency in processor and peripheral interfaces, promoting reuse and compatibility in mobile devices. MIPI and the MIPI logo are a licensed trademark of the MIPI Alliance. UFSA and UFS Logo are a trademark of the Universal Flash Storage Association JEDEC® and the JEDEC logo are registered trademarks of JEDEC Solid State Technology Association.


In the past, devices such as smartphones, digital cameras, and tablets were equipped with a dedicated controller for managing data read/write. However, currently, these embedded applications use flash memory for content storage. As the semiconductor industry progressed with higher density storage products, the controllers have proven to be inefficient in managing the functions from outside the flash die. This evoked the development of embedded multimedia card (eMMC) as a standardized technique to bundle the controller into the flash die.  eMMCs are incorporated as a package consisting of flash memory and a flash memory controller combined on a silicon die. They comprise three major components: multimedia card (MMC) interface, flash memory, and flash memory controller. The eMMC market is driven by the increase in sale of smartphones and the need for integrated memory in mobile computing devices. However, frequent changes in technology leading to the development of more advanced products such as Universal Flash Storage (UFS) hinder the market growth. Rise in the demand for advanced memory solutions for electronic devices and continuous technological developments provide huge opportunities for the growth of eMMC market. Key players operating in this market include Samsung Electronics Co. Ltd., SanDisk Corporation, SK Hynix Inc., Phison Electronics Corporation, Greenliant Systems Inc., Kingston Technology Company Inc., Micron Technology, Inc., Silicon Motion Technology Corporation, Transcend Information, Inc., and Toshiba Corporation. These players have launched new products such as eMMC Triple Level Cell (TLC), eMMC NANDrive embedded solid state drives (SSDs), and others in the market. In July 2013, Micron Technology, Inc. acquired Elpida Memory, Inc., a Japanese corporation. This acquisition provided Micron Technology, Inc. new facilities for wafer fabrication. The eMMC market is segmented by density, application, end user, and geography. The various densities of eMMCs available are 2GB–4GB, 8GB–16GB, 32GB–64GB, and 128GB–256GB. eMMCs are used in variety of applications including smartphones, digital cameras, GPS systems, and others (e-readers, tablets, and PCs). Key end users include automotive, industrial, healthcare, public, IT & telecom, and other sectors (retail and energy & utility). Geographically, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA. KEY BENEFITS  • This study comprises analytical depiction of the world eMMC market, with current trends and future estimations to depict the imminent investment pockets.  • The overall market potential is determined to understand the profitable trends for gaining a stronger market coverage.  • The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.  • The current market is quantitatively analyzed from 2014 to 2022, and highlights the financial competency of the market.  • Porter’s five forces analysis illustrates the potency of buyers and suppliers.  • Value chain analysis provides a clear understanding of the roles of stakeholders involved. MARKET SEGMENTATION  The market is segmented on the basis of density, application, end user, and geography. BY DENSITY  • 2GB–4GB  • 8GB–16GB  • 32GB–64GB  • 128GB–256GB  BY APPLICATION  • Smartphones  • Digital Cameras  • GPS System  • Others (E-readers, Tablets, and PCs) BY END USER  • Automotive  • Aerospace & Defense  • Industrial  • Healthcare  • Public  • IT & telecom  • Others (Retail and Energy & Utility) BY GEOGRAPHY  • North America  o U.S.  o Canada  o Mexico  • Europe  o UK  o Germany  o France  o Spain  o Italy  o Rest of Europe  • Asia-Pacific  o China  o Japan  o India  o Singapore  o South Korea  o Rest of Asia-Pacific For more information or any query mail at [email protected] Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.

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