Silicon Motion to invest NT$4bn to build new facility
By Lisa Wang / Staff reporter
Silicon 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.
The NASDAQ-listed company said that it expects robust demand for NAND flash memory chips used in smartphones, PCs and Internet-of-Things (IoT) applications to help fuel growth of its revenue.
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.