<SEC-DOCUMENT>0001193125-23-214758.txt : 20230817
<SEC-HEADER>0001193125-23-214758.hdr.sgml : 20230817
<ACCEPTANCE-DATETIME>20230817083426
ACCESSION NUMBER:		0001193125-23-214758
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230816
FILED AS OF DATE:		20230817
DATE AS OF CHANGE:		20230817

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Silicon Motion Technology CORP
		CENTRAL INDEX KEY:			0001329394
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51380
		FILM NUMBER:		231179882

	BUSINESS ADDRESS:	
		STREET 1:		UNIT B,16/F, CENTRE 600,82 KING LAM ST,
		STREET 2:		CHEUNG SHA WAN
		CITY:			KOWLOON
		STATE:			K3
		ZIP:			000
		BUSINESS PHONE:		886-3-552-6888

	MAIL ADDRESS:	
		STREET 1:		UNIT B,16/F, CENTRE 600,82 KING LAM ST,
		STREET 2:		CHEUNG SHA WAN
		CITY:			KOWLOON
		STATE:			K3
		ZIP:			000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d534105d6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML><HEAD>
<TITLE>6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">6-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Report of
Foreign Private Issuer </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Rule <FONT STYLE="white-space:nowrap">13a-16</FONT> or
<FONT STYLE="white-space:nowrap">15d-16</FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>under the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>August&nbsp;16, 2023 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number: <FONT STYLE="white-space:nowrap">000-51380</FONT> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Silicon Motion Technology Corporation </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of Registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Flat C, 19/F,
Wing Cheong Commercial Building </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Nos <FONT STYLE="white-space:nowrap">19-25</FONT> Jervois Street </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Hong Kong </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of
principal executive office) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant files or will file annual reports under cover of Form <FONT STYLE="white-space:nowrap">20-F</FONT> or Form <FONT
STYLE="white-space:nowrap">40-F:</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Form&nbsp;20-F&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F&nbsp;&nbsp;&#9744;</FONT></FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the registrant is submitting the Form <FONT
STYLE="white-space:nowrap">6-K</FONT> in paper as permitted by Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(1): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&#9746; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note:</B> Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(1) only permits the submission in paper of a Form <FONT
STYLE="white-space:nowrap">6-K</FONT> if submitted solely to provide an attached annual report to security holders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the
registrant is submitting the Form <FONT STYLE="white-space:nowrap">6-K</FONT> in paper as permitted by Regulation S-T Rule 101(b)(7): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&#9746; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note:</B> Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(7) only permits the submission in paper of a Form <FONT
STYLE="white-space:nowrap">6-K</FONT> if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant&#146;s &#147;home country&#148;), or under the rules of the home country exchange on which the registrant&#146;s securities are traded, as long as the report or other document is not a press release, is not required
to be and has not been distributed to the registrant&#146;s security holders, and, if discussing a material event, has already been the subject of a Form <FONT STYLE="white-space:nowrap">6-K</FONT> submission or other Commission filing on EDGAR.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule <FONT STYLE="white-space:nowrap">12g3-2(b)</FONT> under the Securities Exchange Act of 1934: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&#9746; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with Rule
<FONT STYLE="white-space:nowrap">12g3-2(b):</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Not applicable</U> </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Exhibits </U></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d534105dex991.htm">Press Release issued by the Company on August&nbsp;16, 2023 </A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="36%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><B>S<SMALL>ILICON</SMALL> M<SMALL>OTION</SMALL> T<SMALL>ECHNOLOGY</SMALL> C<SMALL>ORPORATION</SMALL></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Date: August&nbsp;16, 2023</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Wallace Kou</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3">Name: Wallace Kou</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3">Title: President and Chief Executive Officer</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d534105dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>


<IMG SRC="g534105g0816202246480.jpg" ALT="LOGO">
Silicon Motion Terminates Merger Agreement with MaxLinear and Intends to Pursue Substantial Damages in Excess of the Agreement&#146;s Termination Fee</B><I> </I><B>Due to MaxLinear&#146;s Willful and Material Breaches of
the Merger Agreement </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Will Proceed with Arbitration in the Singapore International Arbitration Centre, as Dictated by the
Parties&#146; Merger Agreement </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Notified MaxLinear of its Position that MaxLinear&#146;s Willful and Material Breaches of the Merger
Agreement Prevented the Merger from Being Completed by the Outside Date </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>TAIPEI, Taiwan and MILPITAS, Calif.,</B>&nbsp;August 16, 2023&nbsp;-
Silicon Motion Technology Corporation&nbsp;(NASDAQGS: SIMO) (&#147;<U>Silicon Motion</U>&#148; or the &#147;<U>Company</U>&#148;) today issued a written notice to MaxLinear, Inc. (NASDAQGS: MXL) (&#147;<U>MaxLinear</U>&#148;), terminating&nbsp;the
Agreement and Plan of Merger between the parties dated as of May&nbsp;5, 2022 (the &#147;<U>Merger Agreement</U>&#148;<SUP STYLE="font-size:75%; vertical-align:top">1</SUP>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Silicon Motion&#146;s position is that MaxLinear&#146;s Willful and Material Breaches (as such term is defined in the Merger Agreement) of the Merger
Agreement prevented the merger from being completed by August&nbsp;7, 2023 (the &#147;<U>Outside Date</U>&#148;).&nbsp;Silicon Motion reserves all of its contractual, legal, equitable, and other rights under the Merger Agreement and otherwise,
including but not limited to the right to hold MaxLinear liable for substantial money damages, well in excess of the termination fee as provided in the Merger Agreement, suffered by Silicon Motion as a result of MaxLinear&#146;s Willful and Material
Breaches&nbsp;of&nbsp;the Merger Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to Section&nbsp;7.1(d) of the Merger Agreement, the Company has the right to terminate the Merger
Agreement if the completion of the merger contemplated by the Merger Agreement (the &#147;<U>Merger</U>&#148;) did not occur on or before the &#147;<U>Outside Date</U>&#148;.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tim Gardner, partner of Weil, Gotshal&nbsp;&amp; Manges LLP, counsel to the Company, commented as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;<I>MaxLinear&#146;s purported termination of its Merger Agreement with Silicon Motion will be the subject of an arbitration for substantial damages in
the Singapore International Arbitration Centre, as provided under the parties&#146; agreement.</I><I></I><I>&nbsp;MaxLinear&#146;s professed reason for terminating the agreement &#150; that Silicon Motion suffered a Material Adverse Effect
(&#147;MAE&#148;) &#150; is a pretext and has been rejected in case after case under Delaware law, which governs the MAE issue, where buyers have sought to back out of merger agreements at the eleventh hour. The damages Silicon Motion will seek to
recover far exceed the termination fee.&#148;</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company also announced that it intends to resume its policy of declaring and paying dividends on an
annual&nbsp;basis,&nbsp;at the discretion of its Board of Directors, after the termination of the Merger Agreement, which restricted the Company&#146;s ability to declare and pay any dividend. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;We are resuming Silicon Motion&#146;s annual dividend policy because of the resilience of our business, strength of our balance sheet&nbsp;and our
continuing commitment to return capital to our shareholders,&#148; said Wallace Kou, President and CEO of Silicon Motion. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to such terms in the
Merger Agreement. </P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#145;s decision to declare any dividend, and the timing and amounts thereof, will be subject to
discretion and approval of the Board of Directors and will depend on, among other things, whether the dividend payment is in the best interests of our shareholders, business visibility, results of operations, capital availability and future capital
requirements, financial condition, statutory requirements, and other factors that the Board may deem relevant. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Silicon Motion </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Silicon Motion is the global leader in supplying NAND flash controllers for solid state storage devices. Silicon Motion supplies more SSD controllers than any
other company in the world for servers, PCs and other client devices and is the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications. Silicon Motion also supplies customized
high-performance hyperscale data center and specialized industrial and automotive SSD solutions. Silicon Motion&#146;s customers include most of the NAND flash vendors, storage device module makers and leading OEMs.&nbsp;For further information on
Silicon Motion, visit&nbsp;<U>www.siliconmotion.com</U>. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cautionary Statement Regarding Forward-Looking Statements: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information provided in this press release contains &#147;forward-looking statements&#148; within the meaning of Section&nbsp;27A of the Securities Act of
1933, as amended, and Section&nbsp;21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Silicon Motion&#146;s current expectations, estimates and projections about the expected date of closing of the
Merger and the potential benefits thereof, its business and industry, management&#146;s beliefs and certain assumptions made by Silicon Motion, all of which are subject to change. The forward-looking statements include, but are not limited to,
statements about the expected timing of the Merger, the satisfaction or waiver of any conditions to the proposed Merger and other events relating to the proposed Merger, and in some cases, you can identify forward-looking statements by terminology
such as &#147;may,&#148; &#147;will,&#148; &#147;should,&#148; &#147;expect,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;anticipate,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;predict,&#148; &#147;potential,&#148;
&#147;potentially&#148;, &#147;continue,&#148; &#147;could,&#148; &#147;seek,&#148; &#147;see,&#148; &#147;would,&#148; &#147;might,&#148; &#147;continue,&#148; &#147;target&#148; or the negatives of these terms or other comparable terminology that
convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results. These and other
forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Although such
statements are based on Silicon Motion&#146;s own information and information from other sources Silicon Motion&nbsp;believes to be reliable, you should not place undue reliance on them and caution must be exercised in relying on forward-looking
statements. These statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are
not limited to, the risk that the Merger may not be completed on the anticipated terms and timing, in a timely manner or at all, which may adversely affect Silicon Motion&#146;s business and the value of the ordinary shares, par value $0.01 per
share, of Silicon Motion and Silicon Motion&#146;s ADSs; uncertainties as to the timing of the consummation of the Merger and the potential failure to satisfy the conditions to the consummation of the Merger, including anticipated tax treatment,
unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and
growth of the parties&#146; businesses and other conditions to the completion of the Merger; the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the effect of the announcement,
pendency or potential termination of the Merger on Silicon Motion&#146;s business relationships, operating results, and business generally; expected benefits, including financial </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
benefits, of the Merger may not be realized; integration of the acquisition post-closing may not occur as anticipated, and the combined company&#146;s ability to achieve the growth prospects and
synergies expected from the Merger, as well as delays, challenges and expenses associated with integrating the combined company&#146;s existing businesses, may occur; litigation related to the Merger or otherwise; unanticipated restructuring, costs
may be incurred or undisclosed liabilities assumed; attempts to retain key personnel and customers may not succeed; risks related to diverting attention from the parties&#146; ongoing business, including current plans and operations; changes in tax
regimes, legislation or government regulations affecting the acquisition or the parties or their businesses; economic, social or political conditions that could adversely affect the Merger or the parties, including trade and national security
policies and export controls and executive orders relating thereto, and worldwide government economic policies, including trade relations between the United States and China and the military conflict in Ukraine and related sanctions against Russia
and Belarus; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as the parties&#146; response to any of the aforementioned factors; exposure to inflation,
currency rate and interest rate fluctuations and risks associated with doing business locally and internationally, as well as fluctuations in the market prices of the parties&#146; traded securities; potential business uncertainty or adverse
reactions or changes to business relationships resulting from the announcement or completion of the Merger; potential negative changes in general economic conditions and market developments in the regions or the industries in which the parties
operate; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from one or more customers as a result or in anticipation of the Merger or otherwise; the parties&#146; respective
customers&#146; sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; risks associated with <FONT STYLE="white-space:nowrap">COVID-19</FONT> and any public health crises; Silicon
Motion&#146;s ability to provide a safe working environment for employees during&nbsp;any public health crises, including pandemics or epidemics; Silicon Motion&#146;s ability to implement its business strategies; pricing trends, including Silicon
Motion&#146;s ability to achieve economies of scale; restrictions during the pendency of the proposed Merger that may impact Silicon Motion&#146;s ability to pursue certain business opportunities or strategic transactions; and the other risk factors
discussed from time to time by Silicon Motion in the most recent Annual Report on&nbsp;Form <FONT STYLE="white-space:nowrap">20-F</FONT> and&nbsp;in any subsequent reports on&nbsp;Form <FONT STYLE="white-space:nowrap">6-K,&nbsp;each</FONT> of which
is on file with or furnished to the Securities and Exchange Commission (the &#147;SEC&#148;) and available at the SEC&#146;s website at www.sec.gov. SEC filings for Silicon Motion are available on Silicon Motion&#146;s website at
https://www.siliconmotion.com/investor. Silicon Motion&nbsp;assumes no obligation to update any forward-looking statements, which apply only as of the date of this press release. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Silicon Motion Investor Contacts:&nbsp;&nbsp;&nbsp;&nbsp; </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jason Tsai&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">jason.tsai@siliconmotion.com&nbsp;&nbsp;&nbsp;&nbsp; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Selina
Hsieh </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ir@siliconmotion.com </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Media
Contact:&nbsp;&nbsp;&nbsp;&nbsp; </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dan Scorpio, H/Advisors Abernathy </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Dan.scorpio@h-advisors.global</FONT> </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g534105g0816202246480.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g534105g0816202246480.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !, $0# 2(  A$! Q$!_\0
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MEX1D\52706\CMEMU!.5W%B<XXR...M9=_P"(M2\0V5LVIRK-+;,T:R! K,"
M?FQUKH?AD2/%V 3S;29_2BI*:HN6S.>G"G/%J#UB_ET.5NH9-/OYH/,!EMY6
M3S(SQE3U!_"NR^)-Q--+H@DE9@;%9"">-QZGZG%</+]^3ZFNT^(O^NT/_L&I
M3FOWD+^9--_N*MO+\S2^'Y_XD-Q_U]-_Z"E%-\ '_B13_P#7TW_H*T5Y]?\
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1DSVJ5&G1CRP5@HHHJ#4__]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
