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   Technology StocksSilicon Motion Inc. (SIMO)


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From: franklin12/2/2019 8:14:17 AM
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NAND flash prices to fall at slower pace in 2H19, says Silicon Motion
Siu Han, Taipei; Jessie Shen, DIGITIMES
Friday 1 February 2019

NAND flash prices will continue falling in the second half of 2019, but the pace will be more moderate, according to Wallace Kou, president and CEO of Silicon Motion Technology.

The flash memory device controller supplier has reported net sales decreased 11% sequentially to US$123.4 million in the fourth quarter of 2018. "Our fourth quarter sales declined as expected, near the midpoint of guidance," Kou said.

Sales of Silicon Motion's embedded storage products comprising primarily eMMC/UFS and SSD controllers, and data center and industrial SSD solutions declined almost 15% sequentially to account for about 80% of the company's total revenues in the fourth quarter. Sales of SSD controllers fell around 20% on quarter, while eMMC/UFS controller sales decreased about 15%.

"Our client SSD controller sales weakened largely due to more cautious than expected procurement of NAND flash from module makers that face the transitional risk of operating during a period of rapidly falling NAND prices," Kou continued. "Our eMMC+UFS controller sales declined because of weak smartphone sales."

Despite all these negative growth, Silicon Motion saw its SSD solutions sales increase about 5% sequentially in the fourth quarter. The company also began shipping SSD controllers for 96-layer TLC-based devices to a US partner.

Silicon Motion generated a 50.5% gross margin in the fourth quarter of 2018, while net income (non-GAAP) came to US$30.2 million or US$0.83 per diluted ADS.

For all of 2018, Silicon Motion's revenues grew a slight 1% on year to US$530.35 million. The company generated a 49.3% gross margin last year, while net income (non-GAAP) amounted to US$123.53 million or US$3.41 per diluted ADS.

"We expect NAND prices to continue falling through 2019, which will drive meaningful increase in client SSD adoption in PCs starting in the middle of this year," Kou noted. Such positive development resulting from the chip price fall "does not happen immediately," Kou said.

Falling NAND flash prices have discouraged Silicon Motion's module maker customers from procuring more chips and controllers, said Kou, adding that NAND chip vendors have also moved to limit their output. Silicon Motion has also seen its OEM customers hit by unfavorable economic conditions, according to Kou.

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From: Elroy2/19/2019 5:10:28 AM
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NAND flash prices likely to stop falling in 2Q19
Siu Han, Taipei; Jessie Shen, DIGITIMES
Tuesday 19 February 2019

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NAND flash prices are likely to stop falling and begin to rise as early as the second quarter of 2019, thanks to a pick-up in replenishment demand from device vendors, according to sources in Taiwan's memory industry.

NAND flash prices are unlikely to fall further given major chipmakers' control over capacity, said the sources, adding that the firms are also slowing down their transition to 96-layer 3D NAND chip technology. NAND flash prices should reach their lowest levels for 2019 in the first quarter.

NAND flash prices have been falling since 2018 as the market becomes oversupplied. Market observers estimated previously the chip prices would drop around 20% in the first quarter of 2019 and continue their downward trend through the second quarter.

On the demand side, distributors are mulling raising their module prices, industry sources indicated. In the contract market, NAND flash prices continue to fall but a pick-up in replenishment demand from system OEMs is expected to emerge in the second quarter, the sources said.

Demand has started picking up at a gradual pace, according to Khein-Seng Pua, chairman for Phison Electronics. The NAND device controller supplier saw its January revenues increase 13.4% sequentially to NT$3.36 billion (US$108.8 million).

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From: Elroy2/26/2019 8:29:05 AM
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SIMO said in their Q4 2018 call that they continue to do well with their THREE OEM NAND partners for client SSD controller slots, but WD seems to have abandoned the merchant market for internal controller development. If WD can do it, I wonder if MU and INTC can also switch to internal without too much difficulty.

I wonder how SIMO is doing at WD in SSD controllers.......nothing good coming out of WD press releases.

This sounds like an enterprise SSD product, but still, would be nice to hear of some WD SSDs which use SIMO controllers....

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SAN JOSE, Calif.--(BUSINESS WIRE)--

New Ultrastar® DC SN630 2.5-inch NVMe SSD and Western Digital® CL SN720 M.2 NVMe SSD

Leverage Company’s 3D NAND Technology and Vertical Innovation to Deliver High-Performance and Low Latency for Demanding Applications from Cloud Storage to Servers at the Edge

Western Digital Corp. ( WDC) today announced two new additions to its broad portfolio of NVMe-based systems, platforms, SSDs, and memory drives for data center and cloud customers. With a full portfolio covering applications from edge-to-core, these additions are the Western Digital Ultrastar DC SN630 NVMe SSDand the Western Digital CL SN720 NVMe SSD. Each leverages the power of Western Digital’s vertical integration capabilities, including internally developed controller and firmware architectures

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From: Elroy3/5/2019 6:06:12 AM
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Chipmakers to scale up 96-layer 3D NAND flash output in 2Q19

digitimes.com

The global output of 96-layer 3D NAND flash memory is set to expand starting the second quarter of 2019, which may bring more variables to the market and prices this year, according to market observers.

NAND flash prices have been falling since 2018, due mainly to an increase in the supply of 64- and 72-layer 3D NAND chips. The memory prices even fell to a record low of under US$0.10 per gigabyte at the end of the year, the observers indicated.

Major chipmakers have moved to slow down their capacity expansion pace aiming to stop NAND flash memory prices from falling further. However, improvement in their new-generation 96-layer 3D NAND production yield rates will still result in supply-side growth, the observers said.

The NAND flash memory market remains in an oversupply situation, and a further increase in supply would not be favorable to the market and prices, the observers continued.

Industry leader Samsung has improved substantially its 96-layer 3D NAND production yield rate and is set to enter mass production of 512GB UFS 3.0 solutions. Samsung also has plans to roll out 1TB solutions utilizing 96-layer process technology in the second half of 2019, while making progress in developing quad-level cell (QLC) process technology.

Toshiba has rolled out recently its new-generation SSD and UFS 3.0 solutions utilizing 96-layer 3D NAND process technology, while Micron has introduced a new SSD series based on 96-layer TLC 3D NAND technology. Micron has also developed 96-layer QLC NAND technology for 1TB devices, with volume production slated for second-quarter 2019.

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To: Elroy who wrote (2017)3/7/2019 6:14:55 AM
From: Elroy
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This is interesting. My guess is FCI did about $35 million in 2018 sales.....I wonder what they got for it?

TAIPEI, Taiwan and MILPITAS, Calif., March 07, 2019 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation ( SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced that it has entered into a definitive agreement to sell FCI, its Mobile Communications product line, to Dialog Semiconductor Plc.

“FCI recently began supplying ultra-low power Wi-Fi SoCs and modules for both consumer IoT and industrial applications. The product line also includes Mobile TV SoCs where FCI is the clear global market leader, especially in Korea, Japan and Brazil,” said Wallace Kou, President and CEO of Silicon Motion. “This sale paves the way for us to focus even more in our core SSD controllers and related solutions for client devices, as well as data center and enterprise applications.”

The Board of Directors of both companies have given their approval and the transaction is expected to complete during 2019, subject to customary closing conditions, including regulatory review and approval.

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From: Sr K3/7/2019 3:08:12 PM
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TAIPEI, Taiwan and MILPITAS, Calif., March 7, 2019 – Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced that it has entered into a definitive agreement to sell FCI, its Mobile Communications product line, to Dialog Semiconductor Plc.

“FCI recently began supplying ultra-low power Wi-Fi SoCs and modules for both consumer IoT and industrial applications. The product line also includes Mobile TV SoCs where FCI is the clear global market leader, especially in Korea, Japan and Brazil,” said Wallace Kou, President and CEO of Silicon Motion. “This sale paves the way for us to focus even more in our core SSD controllers and related solutions for client devices, as well as data center and enterprise applications.”

The Board of Directors of both companies have given their approval and the transaction is expected to complete during 2019, subject to customary closing conditions, including regulatory review and approval.

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From: Elroy3/9/2019 6:36:12 AM
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MRVL admits it has lost the client SSD controller space to others......

Joseph Lawrence Moore, Morgan Stanley, Research Division - Executive Director [24]

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Within solid-state drives, how are you thinking about the opportunity, and I guess, how are you seeing competition from custom solutions versus merchant, just the market share dynamics that you see over the course of the year? And I guess, to the extent that, that market is a little softer as well, is that a function of prices going down, so customers are reducing inventory? Or what's happening there?

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Matthew J. Murphy, Marvell Technology Group Ltd. - President, CEO & Director [25]

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Sure. Yes, thanks Joe. So I think the more customized or what we call do-it-yourself solutions, are what continue to have -- where we have a lot of traction. At the Analyst Day, we talked about that's really where -- that business model, I think, is were Marvell can add the most value, so that's where we're putting our effort and our energy. And to the extent that on the merchant side, we can address the data center and enterprise applications, we're doing that, either with merchant parts or in some cases we're doing customer-specific products. I think on the merchant controllers selling into retail and PC type of applications, that's one where we pivoted the R&D some time ago. So we've got sockets there. We're going to continue to ship what we have. But in this cycle, and that's why I made the comments that as the remainder of this notebook market continues to convert over time, which make sense to SSDs, we're not going to really participate in that. But we do see large opportunities, especially in the -- with the large cloud OEMs as well as in the enterprise segment for our solutions in SSD.

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Timothy Michael Arcuri, UBS Investment Bank, Research Division - MD and Head of Semiconductors & Semiconductor Equipment [59]

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So I'm still trying to understand what's going on within storage. So I'm going by memory, but I think that the core storage business minus fiber channel was like $320 million last year, and which was, like, $100 million SSD and maybe $220 million HDD. And it seems like it's down to maybe $200 million this -- for the guided quarter. So it -- can you just maybe provide a little more disclosure than you normally would? Because the business is just so bad, can you kind of help us understand exactly what's really happening year-over-year?

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Jean Hu, Marvell Technology Group Ltd. - CFO [60]

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So Tim, this is Jean. So I'll start, and Matt can add. So when you think about it, we're really dealing with very broad slowdown in the overall storage market and the inventory condition, right? Both -- across both HDD and SSD. So that is the first thing is that's actually impacted both of our HDD and the SSD businesses. So if you listen to our biggest customers, they all have seen significant issues and challenges. And we continue to see more inventory in the channel. And of course, the second thing, as Matt mentioned earlier, on the PC client side, HDD certainly declined more significantly, and the SSD side of our PC clients is certainly picking up quickly. But that's the market that we have chosen not to participate. So overall, you do see going through fiscal '20 before we really ramp up some of our customers' ASIC business and businesses and enterprises in the data center market, we're to see some headwinds in the overall storage market.

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From: Elroy3/18/2019 11:23:34 PM
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I just saw this one, it was released a few days ago. It's good for SIMO because enterprise SSDs is a completely new segment for them, so any revenues gained will be incremental to their client controller business.

Silicon Motion Enables the Highest Capacity and Highest Performance Enterprise SATA SSDs with release of SM2271 SSD Controller Solution

finance.yahoo.com

Supporting up to 16TB of 3D QLC NAND, the SM2271 drives the most competitive Enterprise SATA SSD TCO.

SAN JOSE, Calif., March 14, 2019 /PRNewswire/ -- Silicon Motion Technology Corporation ( SIMO) ("Silicon Motion"), a global leader in NAND Flash controllers and solid-state storage devices, today released the SM2271, a new SSD controller ASIC with a turnkey firmware stack which enables customers to accelerate the development of high-performance enterprise SATA SSDs with a maximum capacity of 16TB.

The SM2271 is a high-performance, 8-channel enterprise SATA SSD controller solution which supports the latest 3D TLC and QLC Flash technologies. It exploits the full potential of the SATA interface, achieving a maximum Sequential Read speed of 540 MB/s and Sequential Write speed of 520 MB/s.

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From: Elroy3/19/2019 7:29:28 AM
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Micron Unveils 2200 Client-segment SSD, Ditches SMI for In-house Controller


https://en.chinaflashmarket.com/TradeNewsDetails.aspx?QXJ0aWNsZV9JRD0xMjk2OQ%3d%3d


Micron has curiously been releasing client-segment SSDs these recent weeks. The company's main brand was focused on enterprise products, while subsidiary brands Crucial and Ballistix catered to the client-segment. Following up on its late-February launch of the 1300-series client-segment SSDs, Micron unveiled the even faster 2200-series. These drives ditch Silicon Motion-sourced controllers in favor of a new controller Micron designed in-house. Built in the M.2-2280 form-factor with PCI-Express 3.0 x4 interface, taking advantage of the NVMe protocol. This in-house controller is mated with Micron's 64-layer 3D TLC NAND flash, cushioned by its own LPDDR4 DRAM cache.


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This could be bad.


How to explain WDC's increasing use of internal controllers and now MU's use of internal controllers, and SIMO's claim to have 70% more design wins than a year ago, and confidence to repurchase $200m of SIMO stock? If client SSD controllers are more and more going to go internal to the NAND makers, surely SIMO would know it?

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To: Elroy who wrote (2022)3/19/2019 7:31:34 AM
From: Elroy
   of 2454
 
Micron Boosts Client Computing Performance With Introduction of New NVMe SSD Portfolio

Micron® 2200 PCIe™ NVMe SSDs Leverage Internally Designed Controller to Address Growing Market Opportunity

https://finance.yahoo.com/news/micron-boosts-client-computing-performance-130000591.html

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