We use Google Analytics to count anonymous page views and understand which content gets read. No ads, no profiles. Decline keeps you on cookieless mode. Details.
Silicon Motion Technology Corp.
Information Technology · Semiconductors
Pure-play NAND flash controller designer - sells silicon IP + ASIC controllers to every major NAND maker ($MU, Kioxia, SK Hynix, $WDC, Samsung merchant) and to module/SSD houses. Levered to the NAND cycle: revenue tracks SSD attach + bit-shipment growth, not NAND ASP.
Post-MaxLinear-merger-collapse (terminated 2023, $160M termination fee paid in 2026) reverted to standalone pure-play.
- PCIe Gen5 client SSD ramp 2026-2027 is a controller-content tailwind; SM2508 design wins at every Tier-1 module house
- eMMC/UFS share leader in non-Samsung Android (~30%+ share); UFS 4.0 ramp into flagship Android 2026
- Enterprise SSD push (MonTitan SM8366) opens hyperscaler TAM; first qualification wins expected late-2026
- Asset-light fabless model - gross margin 45-50%, no fab capex exposure
- Cash-rich balance sheet post MaxLinear termination payment
- Controller ASPs compressing as NAND makers in-source (Samsung, SK Hynix designing in-house); SIMO is the merchant alternative not the default
- Smartphone unit decline = headwind to mobile controller volume; UFS share gains must offset
- Customer concentration: top-3 = 50%+ of revenue
- Enterprise SSD is greenfield - execution risk + 12-18mo qualification cycles
Each weekday: the scan's ENTER setups with entry, stop and target, every new ticker teardown, and the bubble shifts that move names like this one. Free. Education, not advice.
No spam. One email per day max. Pro adds Telegram trade alerts and higher AI-assistant limits.
- Cyclical: 2023 NAND downcycle cut revenue ~40%; next downcycle hits same
No major news in the last 7 days for SIMO - only listicles and opinion pieces, which we filter out by default. See everything anyway.
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.