Silicon Motion is said to explore sale amid interest - Bloomberg

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  • Silicon Motion Technology Corp. (NASDAQ:SIMO) is said to be considering a potential sale amid takeover interest in the semiconductor company.
  • Taiwan-based Silicon Motion (SIMO) is working with advisers as it holds talks with possible bidders, according to a Bloomberg report. SIMO has a market cap of $2.7 billion.
  • The Bloomberg report comes after Betaville on Friday said there's speculation that a mystery bidder is said to be circling Silicon Motion (SIMO). It's not clear who might be interested in acquiring SIMO.
  • Earlier this month, Silicon Motion (SIMO )said it expected 1Q22 revenue above the consensus.

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