News

Latest News

Stocks in Play

Dividend Stocks

Breakout Stocks

Tech Insider

Forex Daily Briefing

US Markets

Stocks To Watch

The Week Ahead

SECTOR NEWS

Commodites

Commodity News

Metals & Mining News

Crude Oil News

Crypto News

M & A News

Newswires

OTC Company News

TSX Company News

Earnings Announcements

Dividend Announcements

Silicon Motion Hikes on Universal Flash Storage

Silicon Motion Hikes on Universal Flash Storage

Silicon Motion Technology Corporation (NASDAQ: SIMO) shares galloped Thursday. The Taipei-based company, boasting a status as a global leader in the design and marketing of NAND flash controllers for solid-state storage devices, announced that its Universal Flash Storage (UFS) solution has successfully completed compatibility validation on Qualcomm® Snapdragon® Cockpit SA8295P Platform.

“This achievement,” read this morning’s press release, “enables automotive customers to confidently adopt Silicon Motion's UFS solution with the Snapdragon® Cockpit SA8295P designs.”

Silicon Motion enables superior performance and multitasking support, with high reliability on the Qualcomm® Snapdragon® Cockpit SA8295P platform for ASIL B use cases, which supports UFS 3.1 advanced features such as HS-Gear4 x 2-lane mode and command queuing while leveraging Silicon Motion's industry-leading technology and experience in NAND management.

Boasting an extended temperature range and flexible capacity support, it offers a seamless and expeditious design integration option, enabling high-performance AI smart cockpits.

The Qualcomm® Snapdragon® Cockpit SA8295P is a high-performance automotive platform designed for smart cockpits. Built on a 5nm process, it delivers powerful AI performance, advanced multi-display graphics, and ASIL-B functional safety support.

When combined with Silicon Motion's reliable UFS solution, the platform enables fast data access and seamless system integration.

SIMO shares grabbed $1.52, or 2.1%, to $72.98.