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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 79.64-0.2%Jul 16 4:00 PM EDT

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From: Elroy12/11/2023 8:43:04 AM
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Silicon Motion Announces New Organizational Structure to Support Continued Global Business Growth

Establishes Two Dedicated Business Units and Appoints Senior Leaders to Oversee Growth and Further Market ExpansionTAIPEI, Taiwan and MILPITAS, Calif., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion,” the “Company” or “we”), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today, announced a new organizational structure and leadership team appointments to support the Company’s continued global business growth. These changes will take effect immediately.

Core to this announcement is the establishment of two business units designed to create a more focused and specialized structure that should enable faster innovation and stronger growth and support the Company’s commitment to delivering the best-in-class solutions for its customers. The Client & Automotive Storage (“CAS”) Business Unit will house the Company’s client SSD controllers, mobile controllers, Ferri products and expandable controllers. The Enterprise Storage & Display Interface Solution (“ESDI”) Business Unit will encompass the Company’s enterprise SSD controllers and display interface products.

As part of the new organizational structure, Silicon Motion has created the following leadership roles:

  • Nelson S. Duann, currently Silicon Motion’s Senior Vice President of Marketing and R&D, has been appointed as a Senior Vice President of the CAS business unit. In this capacity, he will oversee product planning, major OEM business development and OEM project management for the Company’s client SSD controllers, mobile controllers, Ferri products and expandable controllers.
  • Alex Chou joins Silicon Motion as a Senior Vice President to lead the ESDI business unit. In this role, he will be responsible for leading Silicon Motion’s enterprise storage group, to expand the business into data center and enterprise storage as well as expand the Company’s display interface business into the PC docking market.
  • Robert Fan, currently the Company’s President of Silicon Motion, Inc. (“SMI USA”), has been promoted to Senior Vice President of Global Sales and President of SMI USA. In this capacity, he will lead the Company’s worldwide sales, field application engineers (FAEs), and corporate marketing communications and public relations efforts.
“The increasing adoption of NAND in consumer, industrial, commercial and enterprise applications continue to expand our opportunities for growth,” said Wallace Kou, President and CEO of Silicon Motion. “By creating these two dedicated business units, we will be even better positioned to develop the most advanced controller technology and deliver industry-leading solutions for our customers. Today, we see a unique opportunity to expand into new markets and increase share in our existing businesses, and with this new structure, we will be able to do so quicker and more effectively to drive our long-term success.”

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