Silicon Motion Q1 Beats, Deal Taps China E-Commerce
Silicon Motion Technology (SIMO) late Monday reported Q1 earnings and an outlook for the current quarter that topped Wall Street expectations, saying its acquisition of China-based Shannon Systems will enable it to begin supplying enterprise solid-state drives to large Chinese Internet companies. The Taiwanese fabless semiconductor company develops Nand flash-device controllers and other chip products used in solid-state storage devices, embedded