Silicon Motion to invest NT$4bn to build new facilityBy Lisa Wang / Staff reporterSilicon Motion Technology Corp (慧榮科技), the world’s biggest supplier of controllers used in NAND flash memory chips, yesterday said it plans to invest NT$4 billion (US$141.31 million) to build a new headquarters in Hsinchu County’s Jhubei City as chip demand continues to grow. Revenue this year is forecast to increase by 20 to 30 percent to US$650 million to US$700 million, from US$539.52 million last year, which was up 17 percent from 2019, Silicon Motion Technology said in a statement. Silicon Motion Technology Corp president Wallace Kou, left, and company chairman James Chow attend a groundbreaking ceremony for the company’s new headquarters in Hsinchu County’s Jhubei City yesterday. Silicon Motion Technology has a global workforce of 1,350, it said. PC makers are driving strong demand for SSD controllers, while smartphone and IoT device producers are boosting demand for UFS and eMMC mobile storage controllers, he said.

Source: Taipei Times February 24, 2021 15:56 UTC