Silicon Motion Named 2016 Best Financially Managed Semiconductor Company by Global Semiconductor Alliance
Congratulations to our supplier Silicon Motion on receiving this achievement!
TAIPEI, Taiwan and MILPITAS, Calif., Dec. 12, 2016 -- 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, today announced that it has been named the "Best Financially Managed Semiconductor Company" for 2016 for semiconductor companies achieving up to $1 billion 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 8, 2016 in Santa Clara, California.
According to GSA, the Best Financially Managed Semiconductor Company Award is based on a broad evaluation of the financial health and performance of public semiconductor companies. Numerous financial metrics such as growth rates, margins and profitability, cash flow and return on capital are analyzed. All companies are ranked on each metric and then the overall performance is compared to the peer universe to determine the winner.
"Silicon Motion has become a recognized leader driving the deployment of solid state storage into mobile devices and PCs", said Jodi Shelton, president of the Global Semiconductor Alliance. "This award honors the company for its successful execution in many fronts leading to its outstanding growth and financial performance".
"We are proud of the hard work and dedication of our employees as well as the recognition by the GSA in awarding Silicon Motion the industry's best financially managed company in 2016," said Wallace Kou, Silicon Motion's President and CEO. "It is an honor to receive this award as it is a testament of our technology leadership and strong customer relationships, all critical factors for enabling us to continue to deliver outstanding growth and financial performance to our shareholders."
This is the second time in four years Silicon Motion has been awarded by GSA, as the company was also named the 2012 Best Financially Managed Semiconductor Company with less than $500 million in annual sales.
The Global Semiconductor Alliance (GSA) mission is to support the global semiconductor industry and its partners by offering a comprehensive view of the industry. This enables members to better anticipate market opportunities and industry trends, preparing them for technology and business shifts. 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 through efficient power networking for global semiconductor leaders and their partners, 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 30 countries across the globe. www.gsaglobal.org
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