Feeding the beast In-Vehicle Infotainment (IVI) systems have a huge appetite for data storage capacity with mapping and navigation, music and entertainment occupying a growing memory footprint in cars.
Up until recently, the car makerâs choice of high-capacity data storage technology was the familiar Hard Disk Drive (HDD), but reliability and lifetime concerns have seen it fall out of favour to be replaced in modern designs by the solid-state drive (SSD) or embedded Multimedia Card (eMMC).
Certainly the solid-state solution for data storage is inherently better suited to the requirements of car makers, with their strict processes and qualification criteria for components and modules. Unlike an HDD, an SSD or eMMC contains no moving parts so it cannot suffer mechanical failure and is not vulnerable to damage from shock or vibration.
Operator
Good day, and thank you for standing by. Welcome to the Silicon Motion Technology Corporation s First Quarter of 2021 Earnings Conference Call. [Operator Instructions] This conference call contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 as amended. Such forward-looking statements include, without limitation, statements regarding trends in the semiconductor industry and our future results of operations, financial condition and business prospects.
Although such statements are based on our own information and information from other sources, we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties and actual market trends our results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited
Silicon Motion: Q1 Earnings Snapshot
May 6, 2021
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HSINCHU COUNTY, Taiwan (AP) Silicon Motion Technology Corp. (SIMO) on Wednesday reported first-quarter earnings of $34.4 million.
The Hsinchu County, Taiwan-based company said it had profit of 98 cents per share. Earnings, adjusted for non-recurring costs, came to $1.11 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The chip company posted revenue of $182.4 million in the period.
For the current quarter ending in July, Silicon Motion said it expects revenue in the range of $192 million to $201 million.
The company expects full-year revenue in the range of $782 million to $836 million.
Silicon Motion Technology Q1 Profit Beats Estimates
TAIPEI (dpa-AFX) - Silicon Motion Technology Corporation (SIMO) reported first quarter non-GAAP earnings per ADS of $1.11 compared to $0.80, prior year. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.98, for the quarter. Analysts estimates typically exclude special items. GAAP net income was $34.4 million or $0.98 per ADS, for the quarter.
First quarter revenue increased to $182.4 million from $132.8 million, prior year. Analysts expected revenue of $168.97 million, for the quarter.
Wallace Kou, President and CEO of Silicon Motion, said: While we now expect to deliver
much stronger full-year sales, our ability to fulfill customer demand remains capped by very tight foundry supply availability.
The most powerful tool for the new crypto craze on May 5, 2021, 11:05
In context: Seeing as there are graphics cards designed specifically for mining cryptocurrency, the inevitable has happened: a company has introduced an SSD with an incredible endurance level, pitching it as the perfect solution for mining storage-based Chia crypto.
We ve been warned of potential storage shortages and price hikes as a result of Chia, which uses a proof of space and time model that allows miners to farm/earn the currency by allocating their unused disk space. Adata says it has prompted a 500% increase in its SSD sales, while Galax says that mining Chia will void its SSDs warranties.