Silicon Motion Technology Ups Sequential Revenue Growth Guidance For Q2

(RTTNews) - Silicon Motion Technology Corp.(SIMO) Monday said it now expects sequential revenue growth for the second quarter in the range of 30 percent -32 percent, significantly higher than the prior guidance, for a growth of 10 percent -15 percent.

In addition, the company said it projects second-quarter gross margin in the range of 51 percent -52 percent, above the earlier guidance of 48 percent-50 percent.

Silicon Motion Technology designs and manufactures NAND flash controllers for solid state storage devices and offers specialty RFIC solutions for mobile devices.