Silicon Motion Inc. (SIMO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Silicon Motion Inc. (SIMO)

SIMO 90.94

+2.6%

Dec 3 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Elroy	2/1/2023 11:40:41 PM
	2 Recommendations Recommended By Jim50 Sam of 2978

From the MXL conference call This concludes the discussion of our Q4 financial results. Before we go to guidance, I want to give you an update on the status of our pending acquisition of Silicon Motion. We continue to progress with the SAMR approval process and remain optimistic for a mid 2023 close. We have fully committed financing for the transaction and have actively working to optimize the debt structure to lower our expected cost to capital. We are excited about the opportunities for our combined business and looking forward to bringing our two technology focused cultures together soon. -- Gary Mobley Got it. Appreciate the color. And as my follow-up, I want to ask about the China SAMR approval process. What is the communication like with China SAMR? Are they asking for supportive materials for consideration? And have they communicated with you that gives you any -- if they communicated with you anything that gives you comfort in the mid-2023 close? Steve Litchfield Yeah. Gary, with regard to SAMR, I mean, we're not going to comment on the dialogue that we have with SAMR. But we do remain optimistic as we've consistently said about closing this mid this year.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next