Silicon Motion Technology

SIMO

Silicon Motion Technology Corporation, stylized as SiliconMotion is an American -Taiwanese company in developing NAND flash controller integrated circuits (ICs) for solid-state storage devices. The company said it supplies more NAND flash controllers than any other company, over five billion from 2006 through 2016. They are found in commercial, enterprise, and industrial applications ranging from SSDs, eMMCs, memory cards, and USB flash drives.Silicon Motion purchased Shannon Systems which added PCI Express solid-state drives for the Chinese data center market to its portfolio. Controllers are marketed under the “SMI” brand, enterprise-grade SSDs under the “Shannon Systems” brand.

Silicon Motion Technology has been a target of short sellers for a while. The current short interest of 4.96% is slightly above the average of the last 12 months (2.47%).