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TAIPEI/MILPITAS - Silicon Motion Technology Corporation (NasdaqGS:SIMO), a profitable tech company with a market capitalization of $2.6 billion and strong financial health indicators according to InvestingPro, is demonstrating its MonTitan SM8366 PCIe Gen5 SSD controller solutions at the Future of Memory and Storage (FMS) 2025 event in Santa Clara, California, which runs from August 5-7.
The company, which has maintained consistent dividend payments for 13 consecutive years and currently trades near its InvestingPro Fair Value, is collaborating with Unigen to showcase a 128TB QLC E1.L SSD and 3.2TB SLC U.2 SSD powered by its SM8366 controller using the VAST Data Ceres V2 Dbox platform. This demonstration leverages NVIDIA BlueField-3 DPUs to enhance networking and compute capabilities.
"We are pleased to work with Silicon Motion’s MonTitan based SSDs that support the Ceres V2 architecture to meet the performance and density demands of AI and data-intensive workloads," said Avery Pham, VP of Strategic Operations at VAST Data.
Silicon Motion has also partnered with Innodisk to demonstrate an 8TB E1.S MonTitan-based SSD using Aetina’s AEX-2UAI edge server, which is built on NVIDIA’s MGX module design for edge computing environments.
"Our MonTitan platform is purpose-built to address the extreme demands of AI server storage," said Alex Chou, Senior Vice President of Enterprise Storage and Display Interface Solutions Business at Silicon Motion.
The company is also displaying its broader portfolio of storage solutions for AI applications across various devices, including AI PCs, gaming consoles, smartphones, robotics, and automotive systems.
According to the press release statement, Silicon Motion representatives will be presenting at FMS keynotes and forums during the event.
In other recent news, Silicon Motion Technology has reported notable developments that are attracting attention from investors. The company’s earnings have exceeded expectations, leading Needham to increase its price target for Silicon Motion from $65 to $90, while maintaining a Buy rating. This adjustment follows a strong quarter fueled by mobile share gains and anticipated adoption of PCIe Gen5 solutions by PC manufacturers. Additionally, Bank of America Securities upgraded Silicon Motion from Neutral to Buy, also raising its price target to $90. This upgrade is attributed to the company’s growing enterprise solution sales through partnerships with major NAND chipmakers and U.S. technology giants like NVIDIA.
In a strategic move, Silicon Motion has appointed Jeffrey Ju as Senior Vice President of Platform & Strategy. Ju will focus on platform development in various markets, including PC, smartphone, automotive, and server sectors, while also enhancing the company’s global research and development capabilities. He will also play a role in strategic investments and acquisitions as part of the SMI Capital Committee. These recent developments underscore Silicon Motion’s strategic positioning and potential for growth in the technology sector.
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