Silicon Motion Announces Quarterly Dividend
July 28 2014 - 8:30AM
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
and specialty RF IC solutions for mobile devices, announces today
its quarterly cash dividend.
The Board of Directors of the Company has declared the payment
of a quarterly dividend of US$0.15 per ADS1, equivalent to
US$0.0375 per ordinary share, which will be paid on August 20, 2014
to all shareholders of record on August 12, 2014. Our depository
bank's DR Books will be closed for issuance and cancellation on
August 12, 2014.
The payment of future cash dividends are subject to the Board's
continuing determination that the payment of dividends are in the
best interests of the Company's shareholders and are in compliance
with all laws and agreements of the Company applicable to the
declaration and payment of cash dividends.
1 One ADS is equivalent to four ordinary shares.
About Silicon Motion:
We are a fabless semiconductor company that designs, develops
and markets high performance, low-power semiconductor solutions to
OEMs and other customers in the mobile storage and mobile
communications markets. For the mobile storage market, our key
products are microcontrollers used in solid state storage devices
such as SSDs, eMMCs and other embedded flash applications, as well
as removable storage products. For the mobile communications
market, our key products are handset transceivers and mobile TV IC
solutions. Our products are widely used in smartphones, tablets,
and industrial 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. 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
including any effects of the general global economic slowdown
beginning in 2007; decreases in the overall average selling prices
of our products; the payment or non-payment of cash dividends in
the future at the discretion of our board of directors; changes in
the relative sales mix of our products; demand, adoption and sales
of our New Growth Products; the effect, if any, on the price of our
ADS as a result of the implementation, if at all, 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, including the general global economic slowdown which
began in 2007 as it effects the Company, 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 30, 2014. We assume no
obligation to update any forward-looking statements, which apply
only as of the date of this press release.
CONTACT: Investor Contact:
Jason Tsai
Director of IR and Strategy
Tel: +1 408 519 7259
Fax: +1 408 519 7101
E-mail: jtsai@siliconmotion.com
Investor Contact:
Selina Hsieh
Investor Relations
Tel: +886 3 552 6888 x2311
Fax: +886 3 560 0336
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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