Silicon Motion Technology Corporation (NASDAQ:SIMO) Q1 2024 Earnings Conference Call May 3, 2024 8:00 AM ET Company Participants Wallace Kou - President, Chief Executive Officer Jason Tsai - interim Chief Financial Officer Conference Call Participants Mehdi Hosseini - SIG Quinn Bolton - Needham & Co. Craig Ellis - B. Riley Securities Suji Desilva - Roth MKM Matt Bryson - Wedbush Securities Operator Goo day and thank you for standing by. Welcome to the Silicon Motion Technology Corporation’s first quarter 20 ...

Exhibit 99.1 Silicon Motion Announces Results for the Period Ended March 31, 2024 NEWS RELEASE Business Highlights • First quarter of 2024 sales decreased 6% Q/Q and increased 53% Y/Y • SSD controller sales: 1Q of 2024 increased 0% to 5% Q/Q and increased 35% to 40% Y/Y • eMMC+UFS controller sales: 1Q of 2024 decreased 10% to 15% Q/Q and increased 235% to 240% Y/Y • SSD solutions sales: 1Q of 2024 decreased 5% to 10% Q/Q and decreased 30% to 35% Y/Y Financial Highlights | --- | --- | --- | --- | |-------|-- ...

, May 03, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) "Silicon Motion"""Silicon Motion Jason Tsai 2024 4 25 Riyadh Lai Jason Tsai 2024 4 25 Riyadh Lai Silicon Motion Wallace Kou " Riyadh Silicon Motion 17 Riyadh " Kou "Jason Jason 10 " SILICON MOTION NAND eMMC UFS NAND Silicon Motion www.siliconmotion.com Selina Hsieh ir@siliconmotion.com ...

Business Highlights First quarter of 2024 sales decreased 6% Q/Q and increased 53% Y/Y SSD controller sales: 1Q of 2024 increased 0% to 5% Q/Q and increased 35% to 40% Y/YeMMC+UFS controller sales: 1Q of 2024 decreased 10% to 15% Q/Q and increased 235% to 240% Y/YSSD solutions sales: 1Q of 2024 decreased 5% to 10% Q/Q and decreased 30% to 35% Y/Y Financial Highlights  1Q 2024 GAAP1Q 2024 Non-GAAP • Net sales$189.3 million (-6% Q/Q, +53% Y/Y)$189.3 million (-6% Q/Q, +53% Y/Y) • Gross margin45.0%45.0% • Oper ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

TAIPEI, Taiwan and MILPITAS, Calif., April 29, 2024 (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, confirms today its quarterly cash dividend. On October 30, 2023, the Board of Directors of the Company declared payment of an annual dividend of US$2.00 per ADS1, equivalent to US$0.50 per ordinary share, which will be paid in four quarterly installment ...

TAIPEI, Taiwan and MILPITAS, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company") today announced that Jason Tsai, currently VP of IR and Finance at Silicon Motion, has been appointed Interim Chief Financial Officer of the Company effective as of April 25, 2024. Mr. Jason Tsai succeeds Mr. Riyadh Lai who will be stepping down as Chief Financial Officer, effective as of April 25, 2024. Mr. Riyadh Lai will be staying on with the Com ...

Key PointsSilicon Motion designs and develops NAND flash memory controllers and provides mobile, data center and enterprise storage solutions.The AI boom is driving demand for NAND flash memory with its fast access and data storage capabilities.Silicon Motion faces heavy competition in the NAND controller market from Samsung, Micron Technology and Western Digital.5 stocks we like better than Silicon Motion TechnologySilicon Motion Technology Co. NASDAQ: SIMO is a fabless semiconductor company in the compute ...

Silicon Motion Technology Corporation (SIMO) has recently launched UFS (Universal Flash Storage) 4.0 controller, the SM2756, to address the increasing demand for AI-powered smartphones and advanced automotive and edge computing. In addition, the company also launched a second-generation SM2753 UFS3.1 controller. The advanced product launches expand SIMO’s portfolio of controllers, designed to support UFS4.0 to UFS2.2 standards.The company’s UFS portfolio is known to deliver high-end performance and “low pow ...

Company also launches its second generation UFS3.1 controller supporting the latest high speed 3D TLC and QLC NANDTAIPEI and MILPITAS, Calif., March 12, 2024 /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 its UFS (Universal Flash Storage) 4.0 controller, the SM2756, as the flagship of the industry's broadest merchant portfolio of UFS controller solut ...