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   Technology StocksSilicon Motion Inc. (SIMO)


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To: Elroy who wrote (2017)3/7/2019 6:14:55 AM
From: Elroy
   of 2455
 
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
   of 2455
 
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 2455
 
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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From: Elroy3/20/2019 4:28:07 AM
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Drops in 2Q NAND Flash Contract Prices Shrink Slightly Thanks to Demand Recovery and Production Capacity Adjustments, Says TrendForce




https://www.dramexchange.com/WeeklyResearch/Post/2/5250.html




DRAMeXchange , a division of TrendForce , points out that 1Q19 contract prices across all NAND Flash product categories were impacted by a weak server demand, an extended smartphone replacement cycle, less-than-expected sales for Apple's new phones and other end demand disappointments. Combined with the quarter fall, this quarter presents a drop of 20%, the most dramatic drop since NAND Flash supply surpassed demand back in early 2018.

DRAMeXchange analyst Ben Yeh points out that, after going through the demand slump of the first season, smartphones, laptops, servers and other main products in demand will all see improvements in the second season looking forward. On the other hand, NAND Flash suppliers scramble to suppress capital expenditure and reduce the production ratio of new production processes, even directly reducing production itself. Although it won't cause an immediate reversal of the oversupply situation, it will have a positive effect on the market environment. In summary, 2Q contract prices for eMMC/UFS, SSD, wafers and other products will still continue to slide, but to a lesser extent compared to 1Q, landing between 10~15%.

Concerning channel markets in 2Q, 256Gb TLC wafers have fallen a long way since November 2017, coming to a large price drop exceeding 70% with price-per-GB plunging below 0.08 USD, the largest drop among all product categories. As prices gradually near the budget line with nowhere else to go, compounded with the increase in supplier yield rates and reduction of lower grade parts, end products such as memory cards and USBs may experience an upward adjustment or two in prices. Therefore, through stimulation by the upward price adjustments, module suppliers will increase in re-stocking momentum, while the slide in contract prices will gradually lessen in severity. Contract prices are predicted to exhibit diminishing drops in 2Q.

Ben Yeh points out that apart from channel markets, suppliers will also turn to high capacity UFS and SSD products, hoping not only to stimulate demand but also compete for market shares by lowering prices; mobile device suppliers including Western Digital and Samsung will be offering high capacity UFS 3.0 products to attract customers, hoping to stimulate demand in 2H this year through performance increases and attractive prices. Suppliers will also be completing uMCP product lines, pushing mid- and high-end devices toward 256GB, as well as gradually pushing 32GB devices toward 64GB.

For Client SSDs, suppliers will be increasing the falling pressure of 512GB/1TB product prices to stimulate content-per-box growth. This, along with the gradually increasing proportion of good value PCIe SSDs (Gen 3.0×2) in product shipments, will drive a larger drop in ASP, accelerating the rate at which SSDs are introduced into laptops. As for enterprise SSDs, demand for server/data centers is the only major demand on the rise in 2019. With a higher gross profit than other products, enterprise SSDs have become the Holy Grail companies vie for. Suppliers have all set their sights on PCIe products, which have plenty of room for growth and even more opportunities for competition. Contract prices shall continue to fall in the aftermath.

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From: Elroy3/20/2019 10:59:55 PM
   of 2455
 
Lets see what MU's conference call says about SIMO's business.

In SSDs, we are making progress on transitioning to NVMe while continuing to improve our cost profile in SATA. In fiscal Q2, we began revenue shipments to a large PC OEM for our first NVMe client SSD, which features our internally designed controller, and are in active qualifications with other customers. We intend to introduce cloud and enterprise NVMe SSDs later this calendar year. In SATA, we introduced consumer and client SSDs based on 96-layer 3D NAND in fiscal Q2. In the cloud market, our custom persistent memory solution, which combines DRAM and NAND, is now fully ramped and contributed meaningfully to our cloud revenues.
That launch of internal MU NVME controllers is bad....

Now turning to end markets. I’ll start with mobile. During fiscal Q2 we grew revenues and expanded gross margins year-over-year despite adverse memory and storage pricing and weakness in high-end smartphone unit sales. Our performance in mobile was propelled by growth in our managed NAND portfolio, where NAND bit shipments grew more than 5x year-over-year.
I wonder if this means UFS with SIMO's controllers? What is their "managed NAND" portfolio??

NAND markets remain oversupplied from the acceleration in bit growth driven by the industry transition to 64-layer 3D NAND. Although fiscal Q2 pricing came in below our expectations, we are optimistic that demand elasticity and seasonal trends will support improving demand growth in the second half of the calendar year.

We have been managing our NAND bit supply growth prudently, including adjusting our capital planning and wafer volumes. We are reducing our total NAND wafer starts by approximately 5%, mostly through reductions on our legacy nodes.

Given these changes in DRAM and NAND industry conditions, we have reduced our CapEx for fiscal 2019 and are evaluating our CapEx for fiscal 2020. We are taking prudent actions to address the current market conditions, while executing well on our long-term strategic objectives.

NAND revenue declined 2% year-over-year and 18% from the prior quarter. NAND revenue represented 30% of total Company revenue in the fiscal Q2. Our overall NAND ASP declined in the mid-20% range, while shipment quantities increased in the upper single-digit percent range compared to the prior quarter. NAND bit shipments came in stronger than our expectation due to timing of demand from a large customer.

Inventory ended the quarter at $4.4 billion, increasing from $3.9 billion at the end of the fiscal first quarter. Our fiscal second quarter days of inventory were 134 days compared to 107 days in the fiscal first quarter. The actions that we have announced today regarding supply reductions, combined with improving customer demand, will begin to address our higher inventory levels.

Now, turning to our market outlook. DRAM and NAND markets are working through supply and demand imbalances. Our visibility remains low and the near-term environment remains challenging. While there have been CapEx reductions across the industry, they haven’t yet impacted output growth due to lead times.

Q; So, do you anticipate inventories actually moving higher here in the May quarter, before it starts to down shift in the back half of the calendar year?

A: Yes. I think, inventory might be a little bit elevated in the May quarter relative to where we are today. I think, we’ll be in pretty good shape on DRAM, as I said, as we kind of exit the calendar year. NAND will take a little bit longer because of the reasons we cited about keeping elevated levels of inventory into 2020.

as well as growing our mobile opportunities on the NAND side where we have gained meaningful share over the course of last few quarters.

and that was related to NAND. And with respect to the second part of your question, as I said before, that we do see evidence of inventory consumption by our customers and that gives us confidence that this inventory will largely work itself through the system in the first half with improvements in demand in the second half.

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From: Elroy3/21/2019 5:01:13 AM
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Falling NAND flash prices to drive SSD adoption in enterprise, datacenter apps

https://www.digitimes.com/news/a20190320PD210.html

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From: Elroy3/21/2019 10:05:09 AM
   of 2455
 
PCIe SSD rising as mainstream, to grab 50% market share in 2019
Driven by sharp price falls for NAND flash chips, global shipments of SSDs are estimated to surge 20-25% in 2019 from 200 million units seen in 2018, and PCIe SSDs are expected to emerge as a new mainstream offering by the end of 2019 with a market share of 50% on a par with SATA SSDs, according to industry sources.

The sources said that SSDs are now available with minimum capacity of 256GB following significant improvements in 3D NAND flash process and yield rates, and 480GB SSDs are rising as a consumer market mainstream in 2019.

Apacer Technology president CK Chang said that with better performance, consumer PCIe SSDs will gradually replace SATA SSDs. He continued that PCIe SSDs will soon also be mass adopted for data storage at industrial control systems and datacenters.

Market sources said that unit price for 512GB PCIe SSD has fallen by11% sequentially to US$55 in the first quarter of 2019, compared to a corresponding price drop of 9% for SATA SSD, with price gap between the two types of SSD continuing to narrow from 30% seen in 2018.

The sources continued that current average unit price for 512GB SSDs has declined to the same level for 256 GB SSDs registered one year earlier, and larger price falls for SSDs ranging in capacity from 512GB to 1TB are expected in the remainder of 2019.

Falling average selling prices for consumer Gen 3.0x2 PCIe SSDs fitted in notebooks will accelerate the adoption of such SSDs by OEMs. This, coupled with demand for ever-higher storage capacity and speed to support cloud computing, 5G and autonomous driving applications, will further stimulate market demand for PCIe SSDs and inspire brand vendors to gear up production of such lucrative storage devices and related chips, the sources indicated.

For instance, Taiwan-based IC designers Silicon Motion Technology, Phison Electronics, and Silicon Integrated Systems are racing to roll out enhanced version of PCI SSD controller chips, while major brand vendors such as Kingston Technology, Adata Technology, Transcend Information, Seagate and Micron have also listed PCIe SSDs as their mainstream product lines.


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