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StockNews.com
StockNews.com
Business
Subhasree Kar

Take Advantage of the Dip and Scoop Up Shares of Silicon Motion Technology

Kowloon, Hong Kong-based Silicon Motion Technology Corporation (SIMO), is a leading player in supplying NAND flash controllers for solid-state storage devices and in providing SSD controllers. It has a solid portfolio of controller technologies used in storage products such as SSDs and eMMC+UFS devices. The company has shipped more than six billion NAND controllers over the last 10 years, more than any other company globally.

The company faced several supply chain challenges last year. It nevertheless managed to generate stable earnings and revenues by optimizing its limited foundry wafer supply. And the company is optimistic about its prospects this year and expects 2022 to be “another banner year." SIMO is focusing on expanding and strengthening its SSD controller program engagements with PC OEMs and eMMC/UFS controllers for smartphones, automotive applications, and IoT/smart devices. It also plans to launch its next-generation enterprise-class SSD controllers soon, which could be a significant growth driver.

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