During 2012 the company has quietly built an impressive array of new products (Samsung LTE transceivers and SoC and embedded controllers for major NAND flash vendors). Sales of these products only accounted for 10% of revenue in 2011, but "increased 75% sequentially and accounted for 32% of total revenues" in second quarter of 2012(From Q2 statement). Below are three reasons LTE adoption will fuel impressive growth and make SIMO a potential acquisition target.
2012-10-13
Chipsets: Silicon Motion Technology Corp (SIMO) - LTE adoption will drive Growth
Silicon Motion Technology Corporation (SIMO) is a fabless semiconductor company based in Taiwan. Unfortunately, for much of 2012, SIMO has been a great company but a terrible stock.
During 2012 the company has quietly built an impressive array of new products (Samsung LTE transceivers and SoC and embedded controllers for major NAND flash vendors). Sales of these products only accounted for 10% of revenue in 2011, but "increased 75% sequentially and accounted for 32% of total revenues" in second quarter of 2012(From Q2 statement). Below are three reasons LTE adoption will fuel impressive growth and make SIMO a potential acquisition target.
During 2012 the company has quietly built an impressive array of new products (Samsung LTE transceivers and SoC and embedded controllers for major NAND flash vendors). Sales of these products only accounted for 10% of revenue in 2011, but "increased 75% sequentially and accounted for 32% of total revenues" in second quarter of 2012(From Q2 statement). Below are three reasons LTE adoption will fuel impressive growth and make SIMO a potential acquisition target.
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