Silicon Motion Inc. (SIMO) Message Board

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Technology Stocks : Silicon Motion Inc. (SIMO)

SIMO 92.20

+1.3%

Dec 5 9:30 AM EST

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From: Elroy	10/26/2022 11:01:42 AM
	1 Recommendation of 2980

MXL CEO admits he doesn't have a clue what China is going to say about the MXL-SIMO deal. David Williams Thanks so much. And then here's one that I'm not sure that you'll be able to answer. But just kind of thinking about the SIMO acquisition and maybe some of the recent restrictions that have gone into place it seems like that could be a potential headwind for the SIMO business. How do you think about that? Is there anything that's changed I guess from your valuation or just kind of how you're thinking about that transaction? And anything meaningful there that you could share? Kishore Seendripu Look I mean we -- I don't think this is a question even I can answer right satisfactorily. So, I think we believe that it's incredibly strategic acquisition for us, Silicon Motion. It really catapults us into a very scaled business with really a presence in one of the largest TAMs in the world for silicon basically the storage markets, be it today Silicon Motion's consumer markets, but really the goal is really to expand almost a zero footprint into enterprise with our presence in the United States. So -- and you couple them with the Panther product that we just talked about. It's really a nice entry along with our 800-gig PAM4 and 400-gig PAM4 to the cloud data center markets as well. So, I think it's a very exciting strategic market beyond the benefits of scale on the supplier side it will provide us. So, we remain optimistic and we are really, really waiting anxiously to hear back in terms of when thing will close, while being cautionary about the time lines. So, no change in our view of the value of the transaction and we would have done it in the first place if we weren't that convinced. We don't do -- we will not get into something we don't have real firm conviction and belief in. So, pretty excited. And the business -- and their business seems to be not doing any what I call anything more adverse than we had planned for because even at the time of the acquisition there were some headwinds in the market in the normal cycle for storage and consumer products. So, we are comfortable where things are.

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