Silicon Motion Technology Weighs Potential Sale: Bloomberg

Silicon Motion Technology Corp SIMO weighs a potential sale amid takeover interest in the semiconductor firm, Bloomberg reports.
Silicon Motion’s American depositary receipts have plunged 19% in 2022, reaching a market value of $2.7 billion.
Silicon Motion manufactures NAND flash controllers for solid-state storage devices and supplies data centers and specialized industrial and automotive solid-state drives.
Silicon Motion reported a net income of $60.6 million in the December 31 quarter, up 9.4% quarter-on-quarter.
Price Action: SIMO shares closed higher by 0.53% at $77.09 on Friday.