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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 95.14-3.8%3:59 PM EST
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From: Elroy1/5/2025 10:39:02 PM
1 Recommendation

Recommended By
Lance Bredvold

   of 2969
 
This is from the 2023 annual report (released in April 2024).

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We are subject to risks associated with the development and construction of our office buildings.

In September 2018, we purchased 65,700 square feet of land in Hsinchu, Taiwan for a total cost of US$58.9 million, which is currently targeted for completion in 2024.....

After the office buildings have been constructed, we may consider sale and leaseback arrangements if favorable terms can be obtained.

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The sale and leaseback may occur any day now, if they met that timeline.

Not sure what the affect would be on the SIMO share price, but roughly $150m cash (or more) coming in the door can't be a bad thing.
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