Silicon Motion Announces Quarterly Dividend
January 20 2016 - 8:00AM
Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon
Motion” or the “Company”), a global leader in 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 26,
2016 to all shareholders of record on February 17, 2016. Our
depository bank’s DR Books will be closed for issuance and
cancellation on February 17, 2016.
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 global leader and
pioneer in developing NAND flash controller ICs for solid-state
storage devices and specialty RF ICs for mobile devices. We supply
more NAND flash controllers than any other company in the world and
have one of the broadest portfolios of controller solutions and
technologies. We are the world’s leading merchant supplier of
controllers for eMMC embedded memory used in smartphones and
tablets, and the leading merchant supplier of controllers for
client SSDs used in PCs and other applications. For further
information on Silicon Motion, please 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;
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; our ability to successfully integrate Shannon
Systems; 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 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:
Jason Tsai
Sr. 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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