Taiwan’s Silicon Motion exploring potential sale amid takeover interest

  • 4/25/2022
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TAIWAN: Taiwan-based semiconductor technology firm Silicon Motion is exploring a potential sale amid takeover interest, Bloomberg reported, quoting people familiar with the matter. According to the people, who wished to stay anonymous, the company is now working with advisers, and is holding talks with potential suitors. However, the sources made it clear that deliberations are currently at a very early stage, and the company may still opt against a sale. Silicon Motion’s American depositary receipts were down almost 19 percent this year. However, shares gained in the recent days following speculations regarding a potential takeover. A representative of Silicon Motion did not comment on the Bloomberg report. Silicon Motion develops NAND flash controllers for solid-state storage devices, along with supplying data center and specialized industrial and automotive solid-state drives.

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