Silicon Motion Named 2012 Best Financially Managed Semiconductor Company by Global Semiconductor Alliance
December 14 2012 - 7:00AM
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 a leading specialty RF IC solutions provider for mobile
devices, today announced that it has been named the "Best
Financially Managed Semiconductor Company" for 2012 for
semiconductor companies with less than $500 million in annual sales
by the Global Semiconductor Alliance ("GSA"). Silicon Motion was
presented with the award at the annual GSA Awards Dinner
Celebration on December 13, 2012. This event recognizes
semiconductor companies that have demonstrated excellence through
the execution of their vision and strategy and delivery of strong
revenue growth and profitability.
The GSA selection process interviewed select financial analysts
and reviewed the overall performance and financial health of
semiconductor companies. Silicon Motion was named the best
financially managed semiconductor company based on a number of
metrics including growth rates, gross and operating profitability,
cash flow and return on capital. Recent recipients of "Best
Financially Managed Semiconductor Company" include Avago
Technologies in 2011 and Altera Corporation in 2010.
"We are proud of the dedication and hard work of our employees,
without whom our success would not be possible and which has led
Silicon Motion to be recognized by the GSA as the industry's best
financially managed company in 2012," said Wallace Kou, Silicon
Motion's President and CEO. "This is a tremendous honor and is also
a testament of our competitive products, technology leadership, and
strong customer support—all critical factors for delivering
outstanding financial performance to our shareholders."
About GSA
The Global Semiconductor Alliance (GSA) mission is to accelerate
the growth and increase the return on invested capital of the
global semiconductor industry by fostering a more effective
ecosystem through collaboration, integration and
innovation. It addresses the challenges within the supply
chain including IP, EDA/design, wafer manufacturing, test and
packaging to enable industry-wide solutions. Providing a
platform for meaningful global collaboration, the Alliance
identifies and articulates market opportunities, encourages and
supports entrepreneurship, and provides members with comprehensive
and unique market intelligence. Members include companies
throughout the supply chain representing 25 countries across the
globe. For further information on the GSA, visit
www.gsaglobal.org.
About Silicon Motion:
We are a fabless semiconductor company that designs, develops
and markets high performance, low-power semiconductor solutions for
the multimedia consumer electronics market. We have two major
product lines, mobile storage and mobile communications. Our mobile
storage business is composed of microcontrollers used in NAND flash
memory storage products such as flash memory cards, USB flash
drives, SSDs, and embedded flash applications. Our mobile
communications business is composed primarily of handset
transceivers and mobile TV IC solutions. For further information on
Silicon Motion, visit www.siliconmotion.com.
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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