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Silicon Motion Technology Corporation
Silicon Motion Technology Corporation Announces New $40 Million Stock Repurchase Program
TAIPEI, Taiwan, Aug. 15, 2008 (PRIME NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO), a leading fabless semiconductor company that designs, develops, and markets high-performance, low-power semiconductor solutions for the multimedia consumer electronics market, today announced that the Company has completed its $40 million share repurchase program which was announced on March 12, 2008. The Company's Board of Directors has resolved to authorize a new share repurchase program under which the Company, or one of its affiliates, may repurchase up to $40 million of its American Depositary Shares ("ADS").