Silicon Motion (SIMO) has released an update.
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Silicon Motion Technology Corporation reported a 23% year-over-year increase in net sales for the third quarter of 2024, reaching $212.4 million, despite a decline in net income. The company continues to see strong growth in its SSD and eMMC+UFS controller sales, positioning itself for further market expansion with new product launches.
For further insights into SIMO stock, check out TipRanks’ Stock Analysis page.
