Silicon Motion Confirms Quarterly Dividend
February 01 2021 - 8:00AM
Silicon Motion Technology Corporation (NasdaqGS: SIMO)(“Silicon
Motion” or the “Company”), a global leader in designing and
marketing NAND flash controllers for solid state storage devices,
confirms today its quarterly cash dividend.
On October 26, 2020, the Board of Directors of the Company
declared payment of an annual dividend of US$1.40 per ADS1,
equivalent to US$0.35 per ordinary share, which will be paid in
four quarterly installments of $0.35 per ADS, equivalent to
US$0.0875 per ordinary share. According to the previously
announced record and payment dates, the next quarterly installment
will be paid on February 26, 2021 to all shareholders of record on
February 16, 2021. Our depository bank’s DR Books will be closed
for issuance and cancellation on February 16, 2021.
The declaration and 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 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 storage
products such as SSDs and eMMC+UFS devices, which are found in data
centers, PCs, smartphones, and commercial and industrial
applications. We have shipped over six billion NAND controllers in
the last ten years, more than any other company in the world.
We also supply customized 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; the effects on our
business and our customer’s business taking into account the
ongoing US-China tariffs and trade disputes and recent global
outbreak of COVID-19; 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; 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 that may be incurred 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 June 12, 2020. We assume no obligation to update
any forward-looking statements, which apply only as of the date of
this press release.
Investor Contact: Christopher
Chaney Director of IR and
Strategy
E-mail: CChaney@siliconmotion.com
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Investor Contact:Selina HsiehInvestor RelationsE-mail:
ir@siliconmotion.com |
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Media Contact:Sara HsuProject ManagerE-mail:
sara.hsu@siliconmotion.com |
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