Kenneth Lin and Nelson Duann Joined and Han-Ping Shieh Re-elected to Silicon Motion’s Board of Directors
September 28 2018 - 8:00AM
Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon
Motion" or the "Company") announces that at our annual shareholders
meeting on September 26, 2018, the Company expanded its Board of
Directors from seven to nine members with the election of Kenneth
Kuan-Ming Lin and Nelson S. Duann and re-elected Han-Ping D.
Shieh.
“To strengthen our governance capabilities, we
have expanded our Board and are pleased to welcome Kenneth and
Nelson,” said Wallace Kou, President and CEO of Silicon
Motion. “Kenneth is a respected business leader with
considerable experience in Taiwan and China and had previously
served on our Board. Nelson is our Senior VP of Marketing and
OEM Business for our Mobile Storage products and has been an
invaluable member of our management team for over 10 years.
Additionally, we are delighted that Han-Ping, who has been
providing strong technology and engineering leadership to our Board
since 2014, has been re-elected.”
Kenneth Kuan-Ming Lin was previously a director
on our board between September 2009 and September 2014. Mr. Lin is
the Chairman of Premier Capital Management Corp., Ruby Tech Corp.
and Taiwan Health Care Association, Chief Executive Officer of
SINOCON Industrial Standards Foundation, and Deputy
Secretary-General of Cross-Strait CEO Summit. He was previously the
Chairman of the Taiwan Venture Capital Association and the Taiwan
Private Equity Association and a Board Director of the Straits
Economic & Cultural Interchange Association. Mr. Lin has a BS
in Electrical Engineering from the National Taiwan University.
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.
Han-Ping D. Shieh joined our board of directors
in 2014. He is a Chair Professor at National Chiao Tung University
(NCTU) in Taiwan, a fellow of the Institute of Electrical and
Electronics Engineers, The Optical Society and the Society for
Information Display and a board member of Young Optics Inc. and
Focal Tech. Inc. Mr. Shieh received his PhD in Electrical and
Computer Engineering from Carnegie Mellon University in 1987. He
joined NCTU as a professor in 1992 and was previously a Research
Staff Member at the IBM Thomas J. Watson Research Center. He was
previously the Dean of the College of Electrical and Computer
Engineering, Senior Vice President at NCTU and Vice Chancellor at
the University of Taiwan.
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. 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
StrategyE-mail: jtsai@siliconmotion.com
Investor Contact: Selina Hsieh Investor Relations E-mail:
ir@siliconmotion.com
Media Contact:Sara HsuProject ManagerE-mail:
sara.hsu@siliconmotion.com
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