Dec 15 2012
Silicon Motion Technology Corporation ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and a leading specialty RF IC solutions provider for mobile devices, today announced that it has been named the "Best Financially Managed Semiconductor Company" for 2012 for semiconductor companies with less than $500 million in annual sales by the Global Semiconductor Alliance ("GSA").
Silicon Motion was presented with the award at the annual GSA Awards Dinner Celebration on December 13, 2012. This event recognizes semiconductor companies that have demonstrated excellence through the execution of their vision and strategy and delivery of strong revenue growth and profitability.
The GSA selection process interviewed select financial analysts and reviewed the overall performance and financial health of semiconductor companies. Silicon Motion was named the best financially managed semiconductor company based on a number of metrics including growth rates, gross and operating profitability, cash flow and return on capital. Recent recipients of "Best Financially Managed Semiconductor Company" include Avago Technologies in 2011 and Altera Corporation in 2010.
"We are proud of the dedication and hard work of our employees, without whom our success would not be possible and which has led Silicon Motion to be recognized by the GSA as the industry's best financially managed company in 2012," said Wallace Kou, Silicon Motion's President and CEO. "This is a tremendous honor and is also a testament of our competitive products, technology leadership, and strong customer support—all critical factors for delivering outstanding financial performance to our shareholders."