Silicon Motion Announces Appointment of Nelson S. Duann as Senior Vice President of Marketing and R&D
November 01 2018 - 8:00AM
Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon
Motion" or the "Company") announced effective today, Nelson S.
Duann has been appointed Senior Vice President of Marketing and
R&D, reporting to Wallace Kou, President and CEO of Silicon
Motion. Nelson S. Duann replaces Frank Chang, VP of R&D, as he
retires after 17 years of service to the Company.
“Frank has been an invaluable member of our
management team for more than 17 years and has helped shaped our
technology and product development to enable us to become the
global leader in memory controllers. We wish him well in his
retirement,” said Wallce Kou, President and CEO of Silicon Motion.
“With Nelson’s deep technical expertise and his long dedication to
our company, he is the natural choice to lead our R&D team.
There are tremendous growth opportunities ahead for Silicon Motion
and I am confident that under Nelson’s leadership, our R&D team
will continue to execute and deliver the best-in-class solutions
for our customers.”
Nelson S. Duann became the Company’s Senior Vice
President in charge of our marketing and OEM business for mobile
storage in July 2015. He joined Silicon Motion in August 2007 as a
product marketing director and R&D team leader. Mr. Duann has
almost 20 years of experience in the semiconductor industry in
product design, development and marketing. Prior to Silicon Motion,
he worked for Sun Microsystems Inc., focusing on UltraSPARC
microprocessor projects. He has an MS in Communications Engineering
from National Chiao Tung University in Taiwan and an MS in
Electrical Engineering from Stanford University.
About Silicon Motion:
We are the global leader in supplying NAND flash
controllers for solid state storage devices and the merchant leader
in supplying SSD controllers. We have the broadest portfolio
of controller technologies and our controllers are widely used in
embedded storage products such as SSDs and eMMCs, which are found
in smartphones, PCs, commercial and industrial applications. We
ship over 750 million NAND controllers annually and have shipped
over five billion NAND controllers in the last ten years, more than
any other company in the world. We also supply specialized
high-performance hyperscale data center and industrial SSD
solutions. Our customers include most of the NAND flash
vendors, storage device module makers, and leading OEMs. For
further information on Silicon Motion, visit us at
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
currently expected third quarter of 2018 and full year 2018
expectations of 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 2018 and full year 2018. Forward-looking statements also
include, without limitation, statements regarding trends in the
semiconductor or consumer electronics markets 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; 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
and any announced planned increases in such dividends; 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; any potential impairment charges
related to businesses previously acquired or divested in the
future; 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, 2018. 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 Senior Director of
IR and Strategy E-mail:
jtsai@siliconmotion.com
Investor Contact:Selina HsiehInvestor RelationsE-mail:
ir@siliconmotion.com
Media Contact:Sara HsuProject ManagerE-mail:
sara.hsu@siliconmotion.com
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