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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 91.00+0.1%3:59 PM EST

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From: Elroy8/31/2022 4:42:21 PM
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New filing by SIMO

The Merger remains subject to review and clearance by the State Administration for Market Regulation (“SAMR”) in the People’s Republic of China. MaxLinear and Silicon Motion filed a simplified filing with SAMR on July 6, 2022. On August 31, 2022, SAMR advised the parties to refile under the normal procedure, which the parties intend to submit to SAMR as promptly as reasonably practicable. MaxLinear and Silicon Motion cannot predict with certainty the length of review under the normal procedure, but expect a final determination by SAMR in the second or third quarter of 2023, or even later.

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