6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

October 28, 2015

Commission File Number: 000-51380

Silicon Motion Technology Corporation

(Exact name of Registrant as specified in its charter)

8F-1, No.36, Taiyuan St.

Jhubei City, Hsinchu County 302

Taiwan

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

   Form 20-F  x      Form 40-F  ¨   

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

   Yes  ¨      No  x   

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

   Yes  ¨      No  x   

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

 

   Yes  ¨      No  x   

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

Not applicable

 

 

 

 

1


Exhibits

 

Exhibit 99.1    Press Release issued by the Company on October 28, 2015.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

        SILICON MOTION TECHNOLOGY CORPORATION
Date: October 28, 2015     By:   LOGO
    Name:   Riyadh Lai
    Title:   Chief Financial Officer

 

2

EX-99.1

Exhibit 99.1

 

LOGO   

Silicon Motion Announces Results for the Period

Ended September 30, 2015

NEWS RELEASE

Financial Highlights

 

  Net sales increased 9% sequentially to $95.4 million1 from $87.2 million in 2Q15

 

  Gross margin (non-GAAP2) increased to 51.6% from 51.0% in 2Q15

 

  Operating expenses (non-GAAP) increased to $25.8 million from $22.9 million in 2Q15

 

  Operating margin (non-GAAP) decreased to 24.5% from 24.8% in 2Q15

 

  Diluted earnings per ADS (non-GAAP) increased to $0.57 from $0.51 in 2Q15

Business Highlights

 

  Highest quarterly revenue in our corporate history

 

  Client SSD controller sales increased over 40% sequentially to account for 20% of total revenue, up from 15% last quarter

 

  Began shipping to SK Hynix our eMMC controller that can manage TLC flash

 

  Secured two additional automotive OEMs for our Ferri embedded storage solution

 

  Began shipping Shannon Systems enterprise-grade PCIe SSDs to two new customers in China: one of the largest e-commerce companies and a leading payment service provider

TAIPEI, Taiwan, October 29, 2015 – Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”) today announced its financial results for the quarter ended September 30, 2015. For the third quarter, net sales increased sequentially to $95.4 million from $87.2 million in the second quarter. Net income (non-GAAP) increased sequentially to $20.1 million or $0.57 per diluted ADS from a net income (non-GAAP) of $17.8 million or $0.51 per diluted ADS in the second quarter.

GAAP net income for the third quarter decreased to $13.2 million or $0.38 per diluted ADS from a GAAP net income of $18.2 million or S$0.53 per diluted ADS in the second quarter.

 

1  Unless otherwise noted, $ is the U.S. dollar.
2  Non-GAAP measures represent GAAP measures excluding the impact of stock-based compensation, foreign exchange gain (loss), and other non-recurring items. For reconciliation of non-GAAP to GAAP results and further discussion, see accompanying financial tables and the note “Discussion of Non-GAAP Financial Measures” at the end of this press release.

 

1


Third Quarter 2015 Review

“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.”

Sales

 

(in millions, except percentages)

   3Q 2015     2Q 2015     3Q 2014  
     Sales     Mix     Sales     Mix     Sales     Mix  

Mobile Storage*

   $ 80.9        85   $ 70.8        81   $ 72.2        83

Sequential growth

     14       11       23  

Mobile Communications**

   $ 12.5        13   $ 14.4        17   $ 12.6        15

Others

   $ 2.0        2   $ 2.0        2   $ 1.8        2

Total Revenue

   $ 95.4        100   $ 87.2        100   $ 86.6        100

Sequential growth

     9       8       25  

 

* Mobile Storage products include Embedded Storage products (eMMC and SSD controllers and Ferri and Shannon storage solutions) and Expandable Storage products (SD and USB flash drive controllers).
** Mobile Communications products include LTE transceivers and mobile TV ICs.

Key Financial Results

 

(in millions, except percentages

and per ADS amounts)

   Non-GAAP     GAAP  
   3Q 2015     2Q 2015     3Q 2014     3Q 2015     2Q 2015     3Q 2014  

Revenue

   $ 95.4      $ 87.2      $ 86.6      $ 95.4      $ 87.2      $ 86.6   

Sequential growth

     9     8     25     9     8     25

Gross profit

   $ 49.2      $ 44.5      $ 45.8      $ 49.1      $ 44.5      $ 45.7   

Percent of revenue

     51.6     51.0     52.9     51.5     51.0     52.8

Operating expenses

   $ 25.8      $ 22.9      $ 22.1      $ 29.7      $ 23.4      $ 26.7   

Operating income

   $ 23.4      $ 21.6      $ 23.7      $ 19.4      $ 21.1      $ 19.0   

Percent of revenue

     24.5     24.8     27.3     20.4     24.2     21.9

Earnings per ADS (diluted)

   $ 0.57      $ 0.51      $ 0.59      $ 0.38      $ 0.53      $ 0.43   

 

2


Other Financial Information

 

(in millions)

   3Q 2015      2Q 2015      3Q 2014  

Cash and cash equivalents, and short-term investments

   $ 183.7       $ 201.6       $ 165.2   

Capital Expenditures

   $ 4.6       $ 2.9       $ 6.1   

Dividend payments

   $ 5.2       $ 5.1       $ 5.1   

During the third quarter, we had $4.6 million of capital expenditures, with $2.3 million spent on the purchase of additional facilities and $2.3 million for the purchase of software and design tools. We paid $20.8 million as part of our payments for the acquisition of Shannon Systems.

Our third quarter cash flows were as follows:

3 months ended September 30, 2015

 

     (In $ millions)  

Net income

     13.2   

Depreciation & amortization

     2.3   

Changes in operating assets and liabilities

     (6.9

Others

     4.9   
  

 

 

 

Net cash provided by (used in) operating activities

     13.5   
  

 

 

 

Acquisition of property and equipment

     (4.6

Acquisition of Shannon

     (20.8

Others

     (0.1
  

 

 

 

Net cash provided by (used in) investing activities

     (25.5
  

 

 

 

Dividend

     (5.2

Others

     0.1   
  

 

 

 

Net cash provided by (used in) financing activities

     (5.1
  

 

 

 

Effects of changes in foreign currency exchange rates on cash

     (0.8
  

 

 

 

Net increase (decrease) in cash and cash equivalents

     (17.9
  

 

 

 

Returning Value to Shareholders

On July 27, 2015 the Board of Directors of the Company declared a $0.15 per ADS quarterly dividend. On August 26, we recorded $5.2 million as dividend payments to our shareholders.

 

3


Business Outlook

“We expect our fourth quarter revenue to increase modestly as robust Embedded Storage sales growth is offset by slower sales of our Specialty RF ICs and Expandable Storage products,” said Wallace Kou, President and CEO, Silicon Motion. “In the fourth quarter, we expect strong growth from our client SSD controller and Shannon enterprise-grade PCIe SSD sales and stable eMMC controller sales.”

For the fourth quarter of 2015, management expects:

 

    Revenue to increase 0% to 3% sequentially

 

    Gross margin (non-GAAP) to be in the 50% to 52% range

 

    Operating expenses (non-GAAP) of approximately $25 to $27 million

Conference Call & Webcast:

The Company’s management team will conduct a conference call at 8:00 am Eastern Time on October 29, 2015.

Speakers

Wallace Kou, President & CEO

Riyadh Lai, CFO

Jason Tsai, Director of Investor Relations and Strategy

CONFERENCE CALL ACCESS NUMBERS:

USA (Toll Free): 1 866 519 4004

USA (Toll): 1 845 675 0437

Taiwan (Toll Free): 0080 112 6920

Participant Passcode: 5521 2062

REPLAY NUMBERS (for 7 days):

USA (Toll Free): 1 855 452 5696

USA (Toll): 1 646 254 3697

Participant Passcode: 5521 2062

A webcast of the call will be available on the Company’s website at www.siliconmotion.com.

 

4


Discussion of Non-GAAP Financial Measures

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 non-GAAP cost of sales, non-GAAP gross profit, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per diluted ADS. 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 ability to make more meaningful period-to-period comparisons of the Company’s on-going operating results;

 

    the ability to better identify trends in the Company’s underlying business and perform related trend analysis;

 

    a better understanding of how management plans and measures the Company’s underlying business; and

 

    an easier way to compare the Company’s operating results against analyst financial models and operating results of our competitors that supplement their GAAP results with non-GAAP financial measures.

 

5


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.

Other non-recurring items:

 

    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, non-recurring and unplanned activity and therefore exclude this charge when presenting non-GAAP financial measures.

 

    Acquisition costs 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 in calculating our non-GAAP operating expenses and net income.

 

    Intangible amortization 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.

 

6


Silicon Motion Technology Corporation

Consolidated Statements of Income

(in thousands, except percentages and per ADS data, unaudited)

 

     For the Three Months Ended  
     Sep. 30, 2014
($)
    Jun. 30, 2015
($)
    Sep. 30, 2015
($)
 

Net Sales

     86,561        87,213        95,397   

Cost of sales

     40,885        42,729        46,285   
  

 

 

   

 

 

   

 

 

 

Gross profit

     45,676        44,484        49,112   

Operating expenses

      

Research & development

     17,728        15,893        19,628   

Sales & marketing

     4,724        4,183        5,545   

General & administrative

     4,230        3,276        3,994   

Amortization of intangibles assets

     —          —          526   
  

 

 

   

 

 

   

 

 

 

Operating income

     18,994        21,132        19,419   

Non-operating income (expense)

      

Gain on sale of investments

     1        1        —     

Interest income, net

     466        503        506   

Foreign exchange gain (loss), net

     (375     229        220   

Others, net

     —          8        4   
  

 

 

   

 

 

   

 

 

 

Subtotal

     92        741        730   
  

 

 

   

 

 

   

 

 

 

Income before income tax

     19,086        21,873        20,149   

Income tax expense

     4,465        3,648        6,965   
  

 

 

   

 

 

   

 

 

 

Net income

     14,621        18,225        13,184   
  

 

 

   

 

 

   

 

 

 

Basic earnings per ADS

   $ 0.43      $ 0.53      $ 0.38   

Diluted earnings per ADS

   $ 0.43      $ 0.53      $ 0.38   

Margin Analysis:

      

Gross margin

     52.8     51.0     51.5

Operating margin

     21.9     24.2     20.4

Net margin

     16.9     20.9     13.8

Additional Data:

      

Weighted avg. ADS equivalents3

     33,803        34,431        34,726   

Diluted ADS equivalents

     34,302        34,654        34,941   

 

3  Assumes all outstanding ordinary shares are represented by ADSs. Each ADS represents four ordinary shares.

 

7


Silicon Motion Technology Corporation

Reconciliation of GAAP to Non-GAAP Operating Results

(in thousands, except percentages and per ADS data, unaudited)

 

     For the Three Months Ended  
     Sep. 30,
2014

($)
    Jun. 30,
2015

($)
    Sep. 30,
2015

($)
 

GAAP net income

     14,621        18,225        13,184   

Stock-based compensation:

      

Cost of sales

     109        2        88   

Research and development

     2,798        176        2,118   

Sales and marketing

     738        78        601   

General and administrative

     665        24        616   
  

 

 

   

 

 

   

 

 

 

Total stock-based compensation

     4,310        280        3,423   
  

 

 

   

 

 

   

 

 

 

Non-recurring items:

      

Litigation expenses

     270        44        24   

Acquisition costs

     —          192        (6

Amortization of intangibles assets

     —          —          526   

Foreign exchange loss (gain), net

     1,276        (972     2,901   
  

 

 

   

 

 

   

 

 

 

Non-GAAP net income

     20,477        17,769        20,052   
  

 

 

   

 

 

   

 

 

 

Shares used in computing non-GAAP diluted earnings per ADS

     34,636        34,686        35,273   

Non-GAAP diluted earnings per ADS

   $ 0.59      $ 0.51      $ 0.57   

Non-GAAP gross margin

     52.9     51.0     51.6

Non-GAAP operating margin

     27.3     24.8     24.5

 

8


Silicon Motion Technology Corporation

Consolidated Statements of Income

(in thousands, except percentages, and per ADS data, unaudited)

 

     For the Nine Months Ended  
     Sep. 30,
2014
($)
    Sep. 30,
2015
($)
 

Net Sales

     208,820        263,256   

Cost of sales

     101,319        127,737   
  

 

 

   

 

 

 

Gross profit

     107,501        135,519   

Operating expenses

    

Research & development

     43,421        51,876   

Sales & marketing

     11,890        14,037   

General & administrative

     9,945        10,710   

Amortization of intangibles assets

     —          526   
  

 

 

   

 

 

 

Operating income

     42,245        58,370   

Non-operating expense (income)

    

Gain on sale of investments

     3        2   

Interest income, net

     1,488        1,523   

Foreign exchange gain (loss), net

     (155     599   

Others, net

     3        8   
  

 

 

   

 

 

 

Subtotal

     1,339        2,132   
  

 

 

   

 

 

 

Income before income tax

     43,584        60,502   

Income tax expense

     11,190        13,631   
  

 

 

   

 

 

 

Net income

     32,394        46,871   
  

 

 

   

 

 

 

Basic earnings per ADS

   $ 0.96      $ 1.36   
  

 

 

   

 

 

 

Diluted earnings per ADS

   $ 0.95      $ 1.35   
  

 

 

   

 

 

 

Margin Analysis:

    

Gross margin

     51.5     51.5

Operating margin

     20.2     22.2

Weighted average ADS:

    

Basic

     33,571        34,408   

Diluted

     34,105        34,782   

 

9


Silicon Motion Technology Corporation

Reconciliation of GAAP to Non-GAAP Operating Results

(in thousands, except percentages and per ADS data, unaudited)

 

     For the Nine Months Ended  
     Sep. 30,
2014
($)
    Sep. 30,
2015
($)
 

GAAP net income

     32,394        46,871   

Stock-based compensation:

    

Cost of sales

     184        128   

Research and development

     4,177        3,272   

Sales and marketing

     1,040        942   

General and administrative

     917        899   
  

 

 

   

 

 

 

Total stock-based compensation

     6,318        5,241   
  

 

 

   

 

 

 

Non-recurring items:

    

Litigation expenses

     196        76   

Acquisition costs

     —          320   

Amortization of intangibles assets

     —          526   

Foreign exchange loss (gain), net

     1,077        1,356   
  

 

 

   

 

 

 

Non-GAAP net income

     39,985        54,390   
  

 

 

   

 

 

 

Shares used in computing non-GAAP diluted earnings per ADS

     34,286        34,926   

Non-GAAP diluted earnings per ADS

   $ 1.17      $ 1.56   

Non-GAAP gross margin

     51.6     51.5

Non-GAAP operating margin

     23.4     24.5

 

10


Silicon Motion Technology Corporation

Consolidated Balance Sheet

(In thousands, unaudited)

 

     Sep. 30,
2014
($)
     Jun. 30,
2015

($)
     Sep. 30,
2015
($)
 

Cash and cash equivalents

     164,445         200,910         182,984   

Short-term investments

     730         723         679   

Accounts receivable (net)

     37,152         49,992         56,432   

Inventories

     55,329         50,299         50,176   

Refundable deposits - current

     19,315         19,275         19,531   

Deferred income tax assets (net)

     368         24         —     

Prepaid expenses and other current assets

     4,032         10,760         4,244   
  

 

 

    

 

 

    

 

 

 

Total current assets

     281,371         331,983         314,046   

Long-term investments

     133         133         133   

Property and equipment (net)

     34,498         36,640         38,322   

Goodwill and intangible assets (net)

     35,474         35,463         76,528   

Other assets

     4,563         5,573         5,299   
  

 

 

    

 

 

    

 

 

 

Total assets

     356,039         409,792         434,328   
  

 

 

    

 

 

    

 

 

 

Accounts payable

     22,725         26,373         14,077   

Income tax payable

     12,097         17,215         21,791   

Accrued expenses and other current liabilities

     20,453         28,479         43,241   
  

 

 

    

 

 

    

 

 

 

Total current liabilities

     55,275         72,067         79,109   

Other liabilities

     6,201         8,581         8,338   
  

 

 

    

 

 

    

 

 

 

Total liabilities

     61,476         80,648         87,447   

Shareholders’ equity

     294,563         329,144         346,881   
  

 

 

    

 

 

    

 

 

 

Total liabilities & shareholders’ equity

     356,039         409,792         434,328   
  

 

 

    

 

 

    

 

 

 

 

11


About Silicon Motion:

We are a fabless semiconductor company that designs, develops and markets solutions for mobile storage and mobile communications markets. For the mobile storage market, our key products are microcontrollers used in embedded storage devices such as SSDs and eMMCs and in expandable storage devices. For the mobile communications market, our key products are LTE transceivers and mobile TV IC solutions. Our products are widely used in smartphones, tablets, and industrial, enterprise and commercial applications. For further information on Silicon Motion, visit 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 expected fourth quarter of 2015 and full year 2015 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 third quarter of 2015. 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 successfully integrate 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; the effect, if any, on the price of our ADS as a result of the implementation of the announced share repurchase program; 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

 

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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 30, 2015. We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.

 

Investor Contact:    Investor Contact:
Jason Tsai    Selina Hsieh
Director of IR and Strategy    Investor Relations
Tel: +1 408 519 7259    Tel: +886 3 552 6888 x2311
Fax: +1 408 519 7101    Fax: +886 3 560 0336
E-mail: jtsai@siliconmotion.com    E-mail: ir@siliconmotion.com

Media Contact:

Sara Hsu

Project Manager

Tel: +886 2 2219 6688 x3509

Fax: +886 2 2219 6868

E-mail: sara.hsu@siliconmotion.com

 

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