Silicon Motion Announces Quarterly Dividend
January 26 2015 - 11:00AM
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
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 February 20,
2015 to all shareholders of record on February 12, 2015. Our
depository bank's DR Books will be closed for issuance and
cancellation on February 12, 2015.
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.
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 LTE 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.
1 One ADS is equivalent to four ordinary shares.
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
Media Contact:
Sara Hsu
Project Manager
Tel: +886 2 2219 6688 x3509
Fax: +886 2 2219 6868
E-mail: sara.hsu@siliconmotion.com
Investor Contact:
Selina Hsieh
Investor Relations
Tel: +886 3 552 6888 x2311
Fax: +886 3 560 0336
E-mail: ir@siliconmotion.com
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