Silicon Motion Technology news

Silicon Motion Technology

MaxLinear has terminated an agreement to buy flash memory maker Silicon Motion for $3.8 billion.

Silicon Motion Technology

Silicon Motion Technology's GAAP net income for 3 months of 2022 was $54.502 million, up 58.4% from $34.4 million in the prior year. Revenue increased 32.7% to $241.978 million from $182.399 million a year earlier.

Silicon Motion Technology

MaxLinear is buying flash memory maker Silicon Motion for $3.8 billion. Silicon Motion shareholders will receive $93.54 and 0.388 shares of MaxLinear common stock per share of their company. As a result, they will own 14% of the combined company. The deal is expected to close in the first half of 2023.

Silicon Motion Technology

Silicon Motion plans to sell its business, sources told Bloomberg. The company is working with consultants and negotiating with potential buyers. The final decision has not yet been made, and the company can still refuse to sell.

Silicon Motion Technology

Net income of Silicon Motion Technology under GAAP for 2021 was $199.949 million, up 2.5 times from $79.746 million in the previous year. Revenue increased 70.9% to $922.1 million from $539.521 million a year earlier.

Silicon Motion Technology

Silicon Motion Technology's GAAP net income for 9M 2021 was $139.368 million, up 77.8% from $78.392 million in the previous year. Revenues increased 66.3% to $657.743 million from $395.624 million a year earlier.

Silicon Motion Technology

The Silicon Motion Technology Board of Directors announced a quarterly dividend of $0.5 per ADS. The last day to buy securities to receive the dividend is November 8, 2021. The annual dividend yield may reach 1.96%.

Silicon Motion Technology

Silicon Motion Technology reported GAAP net income of $83.945 million for the six months ended December 31, 2021, up 55.1% from $54.126 million in the prior year. Revenue increased 49.7% to $403.502 million from $269.58 million a year earlier.

Silicon Motion Technology

The Silicon Motion Technology Board of Directors announced a quarterly dividend of $0.35 per share. The last day to buy securities to receive the dividend is August 3, 2021. The annual dividend yield may reach 3.15%.

Silicon Motion Technology

Silicon Motion Technology's GAAP net income for three months of 2021 was $34.4 million, up 32.7% from $25.915 million in the prior year. Revenue increased 37.4% to $182.399 million from $132.769 million a year earlier.