Silicon Motion Inc. (SIMO) Message Board

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Technology Stocks : Silicon Motion Inc. (SIMO)

SIMO 98.86

+7.0%

Nov 5 3:59 PM EST

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From: Elroy	9/25/2024 7:33:19 PM
	of 2969

Juicy bits from MU's call that may affect SIMO Micron is well positioned to support the growth of AI smartphones with our leading-edge memory and storage products. During the quarter, we extended our product leadership with the first customer qualification of our second-generation 1-beta based LP5X DRAM and second-generation of G8 NAND UFS 4.0 products. Our expectation for calendar 2024 industry NAND bit demand growth remains in the mid-teens percentage range. In calendar 2025, we expect both DRAM and NAND industry bit demand growth to be around the mid-teens percentage range. Due to CapEx and supply reduction actions taken across the industry in 2023, we expect industry wafer capacity in both DRAM and NAND in 2024 to be below 2022 peak levels, and for NAND meaningfully so. NAND revenue increased 15% sequentially, with bit shipments increasing in the high single-digit percentage range and prices increasing in the high single-digit percentage range.

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