Silicon Motion Technology Weighs Potential Sale: Bloomberg

April 25, 2022 6:32 AM | 1 min read | Make a Comment

Silicon Motion Technology Corp SIMO weighs a potential sale amid takeover interest in the semiconductor firm, Bloomberg reports.
Silicon Motion’s American depositary receipts have plunged 19% in 2022, reaching a market value of $2.7 billion.
Silicon Motion manufactures NAND flash controllers for solid-state storage devices and supplies data centers and specialized industrial and automotive solid-state drives.
Silicon Motion reported a net income of $60.6 million in the December 31 quarter, up 9.4% quarter-on-quarter.
Price Action: SIMO shares closed higher by 0.53% at $77.09 on Friday.

Posted In: M&A News Tech Media Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.