DOCSLIB.ORG

2013 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2013 Annual Report SILICON MOTION TECHNOLOGY CORPORATION Annual Report 2013 Financial Highlights Product Mix % of Net Sales (2013) Mobile Storage 82 % Mobile Communications 14 % Others 4 % Net Sales US$ million 2009 89 2010 133 2011 224 2012 281 2013 225 Contents Financial Highlights 01 Letter to Shareholders 02 About Silicon Motion 04 Form 20-F Directors and Executives Gross Margin % of Net Sales 2009 41% 2010 47% 2011 48% 2012 47% 2013 47% Diluted Earnings per ADS US$ 2009 - 2.54 2010 - 0.18 2011 1.28 2012 1.40 2013 0.81 01 Letter to Shareholders Dear Shareholders, 2013 was a transitional year for Silicon Motion as sales of removable storage controllers for mature card and USB flash drive markets declined while sales of SSD plus embedded storage controllers, especially for eMMC growth markets, grew rapidly. 2013 was also a transitional year for our LTE transceiver products as the market quickly moved to the significantly enhanced LTE-Advanced standard. While the negative effects of the transitions were dramatic from the perspective of revenue and profitability, we believe we have built a strong foundation for renewed, long-term growth by focusing on eMMC, SSD, and other embedded storage applications and are confident this will lead to strong growth in upcoming years. In 2013, sales of our SSD plus embedded products grew almost 100% year-over-year to account for almost half of our Mobile Storage sales. Sales of eMMC controllers, our largest SSD plus embedded product, are now already larger than our card and USB flash drive controllers sales, and account for roughly a third of our total revenue. Our eMMC controllers are designed for both SK Hynix and Samsung eMMC solutions and account for 15 to 20% of the overall eMMC controller market. Last year, our two NAND flash partners supplied eMMCs with our controllers to 8 out of the top 10 non-iOS smartphone OEMs for both their flagship and other devices, to leading Android and Windows tablet OEMs, and for other applications such as game consoles, set-top-boxes, smart TVs, and automotive infotainment systems. We have been expanding our engineering resources, and have added a third NAND flash partner that will focus on TLC NAND eMMC solutions, with sales to begin in the first quarter of 2014. We expect the eMMC market to continue growing rapidly in 2014 and believe we are very well positioned to grow our eMMC sales well in excess of market growth next year. 02 We have also been expanding our R&D resources to support our many SSD controller initiatives. Our first SATA 3 client SSD controller began commercial sampling in mid-2013, has been receiving very positive third-party reviews, and should contribute material revenue in 2014. We will introduce a SATA 3 client SSD controller to support TLC NAND flash in 2014 and our first PCIe SSD controller in late 2014 or early 2015. We have been marketing our SSD controllers to NAND flash vendors, other OEMs, and module makers and believe the success of our SSD controller market roll-out is important for our long-term growth. Sales of our older LTE transceiver parts declined throughout 2013. In the second half of 2013, we introduced a new LTE-Advanced transceiver for pairing with Samsung’s new LTE-Advanced baseband. This new LTE-Advanced chipset will complete testing at Samsung in early 2014 and enter production soon afterwards. While our revenue and profitability declined in 2013, we believe this setback is temporary as we transition our controller business from mature removable storage applications to long-term SSD plus embedded growth opportunities, and we believe we are on track to grow again in 2014. Once again, I want to thank our customers, employees and shareholders for their continued support. Sincerely, Wallace Kou President & Chief Executive Officer 03 About Silicon Motion We are a fabless semiconductor company that designs, develops and markets high performance, low-power semiconductor solutions to OEMs and other customers in the mobile storage and mobile communications markets. For the mobile storage market, our key products are microcontrollers used in solid state storage devices such as SSDs, eMMCs and other embedded flash applications, as well as removable storage products. For the mobile communications market, our key products are handset transceivers and mobile TV IC solutions. Our products are widely used in smartphones, tablets, and industrial and commercial applications. For further information on Silicon Motion, visit www.siliconmotion.com. Mobile Storage Market Mobile Communications Market More NAND flash products, especially next We are the dedicated provider of 4G LTE transceiv- generation flash, whether produced by ers for Samsung’s smartphones and tablets and are Samsung, SanDisk, Toshiba, Micron or SK Hynix a leading provider of mobile TV SoCs. We market are supported by Silicon Motion controllers than our Mobile Communications products under the any other company. Silicon Motion is the “FCI” brand. leading merchant supplier of controllers for eMMC embedded memory used in smartphones and tablets and is increasingly focused on client SSD controllers for PCs and other applications. We market our Mobile Storage products under the “SMI” brand. 04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2013 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ‘ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report: N/A For the transition period from to Commission file number: 000-51380 Silicon Motion Technology Corporation (Exact name of Registrant as specified in its charter) Cayman Islands (Jurisdiction of incorporation or organization) 8F-1, No. 36, Taiyuan St., Jhubei City, Hsinchu County 302 Taiwan Tel: +886 3 552 6888 Fax: + 886 3 560 0336 (Address of principal executive offices) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Ordinary shares, par value US$0.01 per share* Nasdaq Global Select Market American Depositary Shares, each representing four ordinary shares * Not for trading, but only in connection with the listing on the Nasdaq Global Select Market of American Depositary Shares, or ADSs, each representing four ordinary shares. Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities registered or to be registered pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 131,630,180 ordinary shares as of December 31, 2013, US$0.01 par value per share. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ‘ No È If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ‘ No È Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes È No ‘ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes È No ‘ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filed. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer ‘ Accelerated filer È Non-accelerated filer ‘ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: U.S. GAAP È International Financial Reporting Standards as issued Other ‘ by the International Accounting Standards Board ‘ If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. ‘ Item 17 ‘ Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act): Yes ‘ No È TABLE OF CONTENTS PART I 1 ITEM 1. IDENTITY OF DIRECTORS,SENIOR MANAGEMENT AND ADVISERS 1 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 1 ITEM 3. KEY INFORMATION 1 ITEM 4. INFORMATION ON THE COMPANY 16 ITEM 4A. UNRESOLVED STAFF COMMENTS 23 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 23 ITEM 6. DIRECTORS,SENIOR MANAGEMENT AND EMPLOYEES 40 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 48 ITEM 8. FINANCIAL INFORMATION 48 ITEM 9. THE OFFER AND LISTING 50 ITEM 10. ADDITIONAL INFORMATION 50 ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 55 ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 56 PART II 57 ITEM 13.
Load more

Recommended publications
  • Advanced NAND Flash Memory Single-Chip Storage Solution
    SOLUTION SHEET: ADVANCED SOLID STATE MEMORY CONTROLLER Advanced NAND Flash Memory Single-Chip Storage Solution ? The growing complexity of flash memory management algorithms has made controller designs complex and has impacted the performance and the diversity of NAND devices that a single controller can support. As the complexity of the controller design increases, there comes a point where hardware acceleration is necessary. We see this trend for partial FTL (Flash Translation Layer) layers, addressing and wear leveling, and command queuing. At the same time, algorithms and flash device characteristics constantly change through the life of the controller. But data center managers expect the controller to constantly make design tradeoffs in order to improve in-system performance. These changes are also impacted by the traffic patterns of the application. The challenge is to provide hardware-accelerated algorithms that can change frequently in the field. The Context Solid-state storage based on NAND flash technology has become an important new lever for improving data-center performance and predictability. But the solid-state drives also present cost and predictability issues of their own. Surprisingly, these issues can be addressed through design of the flash memory controller. The NAND array has become the dominating factor for the cost of the drive. Increasing the life expectancy of the NAND array obviously reduces the total cost of ownership of the system. Also, the ability to reconfigure the controller to implement improved algorithms or to adapt to a new generation of flash chips extends the system life. Performance predictability and throughput are key concerns for data-center managers.
    [Show full text]
  • Phison's Resilient Business Model Generates Results Through
    March 2020 Release EXECUTIVE SUMMARY Phison’s Resilient Business Phison’s diversified revenue contribution flows from a range of NAND applications including consumer, embedded, and Model Generates Results enterprise markets, making Phison less susceptible to global crisis incidents. through Challenging World During cyclical NAND price declines, Phison has demonstrated it can increase market share and unit shipments. Events During cyclical NAND price increases, Phison has demonstrated it can increase margin and revenue. _____________________________________ Over the past 20 years, Phison (TPEx: 8299) has endured the financial crisis of 2008, the cyclicality of NAND industry pricing related to supply and demand, and the introduction of new NAND technologies and emerging applications. Throughout these events, Phison maintained profitability while overcoming the challenges and generating business growth. Though the COVID-19 virus is currently impacting businesses worldwide, Phison continues to leverage its unique and resilient business model to generate results as it has successfully done in the past. PHISON’S BUSINESS MODEL Phison’s business model in Exhibit 1 is straightforward in simplicity but is underlined by massive engineering capability and flexible execution. Peer companies have attempted to study and replicate Phison’s model, but none have been successful to date. Exhibit 1: Phison’s unique business model of differentiated revenue and flexible execution. PHISON ELECTRONICS CORPORATION 1 March 2020 Release This model consists of 2 key elements: 1) NAND controller IC design, and 2) NAND storage module integration. Storage module integration is defined as manufacturing an entire functioning storage device including the controller, NAND and firmware under private labels for our valued customers.
    [Show full text]
  • Redacted Public Version 28
    Case3:11-cv-04689-WHO Document250 Filed06/11/14 Page1 of 109 MICHAEL S. ELKIN (admitted pro hac vice) 1 [email protected] THOMAS P. LANE (admitted pro hac vice) 2 [email protected] WINSTON & STRAWN LLP 3 200 Park Avenue New York, NY 10166-4193 4 Telephone: 212.294.6700 Facsimile: 212.294.4700 5 ERIN R. RANAHAN (No. 235286) 6 [email protected] DREW A. ROBERTSON (No. 266317) 7 [email protected] WINSTON & STRAWN LLP 8 333 S. Grand Avenue, Suite 3800 Los Angeles, CA 90071-1543 9 Telephone: 213.615.1700 Facsimile: 213.615.1750 10 DANIEL B. ASIMOW (No. 165661) 11 [email protected] ROBERT D. HALLMAN (No. 239949) 12 [email protected] ARNOLD & PORTER LLP 13 Three Embarcadero Center, 10th Floor San Francisco, CA 94111-4024 14 Telephone: 415.471.3100 Facsimile: 415.471.3400 15 Attorneys for Plaintiff 16 PNY TECHNOLOGIES, INC. 17 UNITED STATES DISTRICT COURT 18 NORTHERN DISTRICT OF CALIFORNIA 19 SAN FRANCISCO DIVISION 20 21 PNY TECHNOLOGIES, INC., Case No.: 11-cv-04689 WHO 22 Plaintiff, THIRD AMENDED COMPLAINT FOR 23 ANTITRUST VIOLATIONS; v. DECLARATORY RELIEF; AND 24 UNFAIR COMPETITION SANDISK CORPORATION, 25 DEMAND FOR JURY TRIAL Defendant. 26 27 REDACTED PUBLIC VERSION 28 PNY’S THIRD AMENDED COMPLAINT 11-cv-04689-WHO LA:355215.1 Case3:11-cv-04689-WHO Document250 Filed06/11/14 Page2 of 109 1 Plaintiff PNY Technologies, Inc. (“PNY”), by and through its attorneys, Winston & Strawn 2 LLP and Arnold & Porter LLP, files this Third Amended Complaint against Defendant SanDisk 3 Corporation (“SanDisk”) to secure damages, declaratory relief and injunctive relief, and demanding 4 trial by jury, claims and alleges as follows: 5 NATURE OF ACTION 6 1.
    [Show full text]
  • SD & Microsd MEMORY CARDS
    SD & microSD MEMORY CARDS - THE WORLD’S FIRST CHOICE IN MEMORY CARDS - 20 YEARS OF INNOVATION SD Association launched January 2000 to lead the industry SAN RAMON, Calif. – Jan. 21, 2020 – The SD Association (SDA) is celebrating its 20th Anniversary after launching 20 years ago with a mission to reinvent the memory card and make life easier for consumers and businesses everywhere. Throughout the years, SD memory cards evolved, expanded capabilities and became the number one card of choice. Today, these cards play a critical role in a variety of devices and uses unimagined 20 years ago. The trusted family of SD memory cards give consumers and business users a choice, increase the usefulness, value and longevity of numerous consumer electronics by offering unprecedented portability, upgradeability and interoperability. SD memory cards have become the de facto storage device for billions of products in this mobility era when more storage is required. By 2023 and beyond, enterprises, machines, industries, consumers, science, and more will be generating 103 zettabytes per year, according to IDC. Data generated by consumers and businesses, whether it is from smartphones, tablets, laptops, drones, surveillance cameras, or automobiles, rely on SD memory cards to keep their music, movies, TV shows, games and photos safe and always accessible. Twenty years ago, the memory card marketplace was a confusing mix of about a half- dozen, mostly proprietary card options incompatible with each other and lacked interoperability across different devices. SD was created to become a technology standard to meet growing consumer electronic demand and continue to foster a robust ecosystem for collaborations and growth among all device manufacturers.
    [Show full text]
  • Using Data Postcompensation and Predistortion to Tolerate Cell-To-Cell
    2718 IEEE TRANSACTIONS ON CIRCUITS AND SYSTEMS—I: REGULAR PAPERS, VOL. 57, NO. 10, OCTOBER 2010 Using Data Postcompensation and Predistortion to Tolerate Cell-to-Cell Interference in MLC NAND Flash Memory Guiqiang Dong, Student Member, IEEE, Shu Li, and Tong Zhang, Senior Member, IEEE Abstract—With the appealing storage-density advantage, mul- than 1 bit in each memory cell (or floating-gate MOS tran- tilevel-per-cell (MLC) NAND Flash memory that stores more than sistor) by programming the cell threshold voltage into one 1 bit in each memory cell now largely dominates the global Flash of voltage windows, has been widely used to further memory market. However, due to the inherent smaller noise NAND margin, the MLC NAND Flash memory is more subject to various improve the Flash memory storage density. Because of device/circuit variability and noise, particularly as the industry is its obvious advantages in terms of storage density and, hence, pushing the limit of technology scaling and a more aggressive use cost, MLC NAND Flash memory now largely dominates the of MLC storage. Cell-to-cell interference has been well recognized global Flash memory market. In current design practice, most as a major noise source responsible for raw-memory-storage MLC NAND Flash memories store 2 bits per cell, while 3- and reliability degradation. Leveraging the fact that cell-to-cell in- terference is a deterministic data-dependent process and can even 4-bit-per-cell NAND Flash memories have been recently be mathematically described with a simple formula, we present reported in the open literature [2]–[6].
    [Show full text]
  • The Past, Present, and Future of SD Memory Cards
    The Past, Present, and Future of SD Memory Cards Douglas Wong Toshiba America Electronic Components, Inc. Flash Memory Summit 2011 Santa Clara, CA 1 Early Flash Memory Cards in the 90s PCMCIA ATA Card CompactFlash Miniature Card SmartMedia (aka SSFDC: solid state floppy disk card) 2011/8/8 2 SD Card Announcement MATSUSHITA ELECTRIC, SANDISK AND TOSHIBA AGREE TO JOIN FORCES TO DEVELOP AND PROMOTE NEXT GENERATION SECURE MEMORY CARD SD (Secure Digital) Memory Card Expected To Unleash Wave Of New Digital AV (Audio/Video) Consumer Products And Enable Internet And Wireless E-Commerce. REDWOOD CITY, CA, (Aug. 25, 1999) - Matsushita Electric Industrial Co., Ltd. (NYSE:MC), best known by its Panasonic brand name, SanDisk Corporation (NASDAQ:SNDK) and Toshiba Corporation have reached an agreement on comprehensive collaboration to jointly develop, specify and widely promote a next generation secure memory card. The announcement was made today at joint press conferences in Tokyo, Japan, Osaka, Japan and Redwood City, CA. … Powerful security and copy protection (SDMI compliant) …The security level has been designed to comply with both current and future SDMI (Secure Digital Music Initiative) portable device requirements. Sampling of the new SD Memory Card will begin in the first quarter of 2000. Production shipments are expected to commence in the second quarter of 2000. It is expected that application products that use the new card will be available in the first half of next year. 2011/8/8 3 SD Card Security Elements 2011/8/8 4 SD Association Note: SD, microSD, SDHC, microSDHC, SDXC, microSDXC 2011/8/8 5 and smartSD Logos are trademarks of SD-3C, LLC SD Family Roadmap 2011/8/8 6 SD Standard Roadmap Basic Spec.
    [Show full text]
  • Phison Electronics Corporation 2016 ANNUAL REPORT
    ި౻жዸǺ8299 ဂᖄႝηިҽԖज़Ϧљ Phison Electronics Corporation ΋Ʉϖԃࡋ ԃ ൔ 2016 ANNUAL REPORT ԃൔࢗ၌ᆛ֟ Ϧ໒ၗૻᢀෳઠᆛ֟Ǻhttp://mops.twse.com.tw ҁ Ϧ љ ᆛ ֟Ǻwww.phison.com т ӑ В ය Ǻ ύ ๮ ҇ ୯ ΋ Ʉ Ϥ ԃ ϖ Д Β Μ Ϥ В Ӝ/ᙍᆀ/ᖄ๎ႝ၉/ႝηແҹߞጃۉΓقz Ϧљว மדӜǺΪ ۉ ᙍ ᆀǺၗు੝ձշ౛ ႝ၉Ǻ(037) 586-896 ext.1019 ႝηແҹߞጃǺ[email protected] Ӝ/ᙍᆀ/ᖄ๎ႝ၉/ႝηແҹߞጃۉΓقz Ϧљж౛ว ๮ਁ۔ӜǺ ۉ ᙍ ᆀǺ੝ձշ౛ ႝ၉Ǻ(037) 586-896 ext. 1029 ႝηແҹߞጃǺ[email protected] z ᕴϦљ/ϩϦљ/πቷϐӦ֟Ϸႝ၉ ᕴϦљ Ӧ ֟ǺཥԮᑜԮчѱൺᑫ΋ຉ 251 ဦ 10 ኴϐ 6 ႝ၉Ǻ(03)657-9299 ԮࠄϩϦљϷπቷ Ӧ ֟ǺभਪᑜԮࠄᙼဂကၡ 1 ဦϷभਪᑜԮࠄᙼဂကၡ 1-1 ဦ ႝ၉Ǻ(037)586-896 z ި౻ၸЊᐒᄬϐӜᆀ/Ӧ֟/ᆛ֟/ႝ၉ ҽԖज़Ϧљ ި୍ж౛೽ިچӜ ᆀǺֻᇻ᛾ Ӧ ֟ǺѠчѱεӼ୔ߞကၡѤࢤ 236 ဦ 3 ኴ ᆛ֟Ǻwww.honsec.com.tw ႝ၉Ǻ(02)2326-8818 Ӝᆀ/Ӧ֟/ᆛ֟/ႝ၉܌٣୍/Ӝۉz ന߈ԃࡋ଄୍ൔ֋ᛝ᛾཮ीৣ ӜǺᔎߞᆢǵणԖ଻ۉ཮ीৣ ܌ӜᆀǺ༇཰౲ߞᖄӝ཮ीৣ٣୍܌٣୍ Ӧ ֟ǺѠчѱ҇ғܿၡΟࢤ 156 ဦ 12 ኴ ᆛ֟Ǻwww.deloitte.com.tw ႝ၉Ǻ(02)2545-9988 ၗૻϐБԄǺคǶچӜᆀϷࢗ၌၀ੇѦԖሽ᛾܌௠จວ፤ϐҬܰ൑چz ੇѦԖሽ᛾ z Ϧљᆛ֟Ǻwww.phison.com ဂᖄႝηިҽԖज़Ϧљ ΋Ʉϖԃࡋԃൔ Ҟ ᒵ ൘ǵठިܿൔ֋ਜ........................................................................................................... 1 ΋ǵ 105 ԃࡋᔼ཰่݀.................................................................................................................... 1 Βǵ 106 ԃࡋᔼ཰ीჄཷा............................................................................................................ 3 Ѧ೽ᝡݾᕉნǵݤೕᕉნϷᕴᡏ࿶ᔼᕉნϐቹៜ ................... 4ډڙΟǵ ҂ٰϦљว৖฼ౣǵ ມǵϦљᙁϟ................................................................................................................... 5 ΋ǵ ೛ҥВය................................................................................................................................... 5 Βǵ Ϧљݮॠ..................................................................................................................................
    [Show full text]
  • 2Q 2012 Company Fact Sheet
    www.siliconmotion.com Company Fact Sheet 2Q 2012 Quick Facts Founded 1995 Silicon Motion is a global leader and pioneer in developing microcontroller ICs for NAND flash storage devices and specialty RF ICs for mobile devices. Our products are widely IPO 2005 used in many of the leading smartphones and other mobile devices in the market today. NasdaqGS SIMO More NAND flash products, especially next generation flash, whether produced by Revenue US$224 million (2011) Samsung, SanDisk, Toshiba, Micron, Intel or SK Hynix, are supported by Silicon Motion Employees 642 (2011 year-end) controllers than any other company. Silicon Motion leads the industry in supplying innovative controllers for managing the the most advanced process geometry NAND flash and the latest generation TLC (3-bits per cell) flash. We are a leader in memory card and flash drive controllers and are increasingly focused on eMMC and SSD controllers for Revenue Mix (2Q 2012) smartphones, tablets, and notebook PCs. Silicon Motion is also a dedicated provider of 4G LTE transceivers for Samsung’s smartphone and tablets, as well as a leading provider of mobile TV ICs. We market our Mobile Storage products under the “SMI” brand and Mobile Communications products under the “FCI” brand. 73% Mobile Storage Mobile Storage 22% Rapid growing Solid State Drive (SSD) and embedded flash Mobile Communications controllers, including for eMMC, that target storage needs in a wide range of devices including smartphones, tablets, notebook PCs, as well as networking and industrial applications
    [Show full text]
  • Fiscal Year 2020 Form 10-K
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-30877 Marvell Technology Group Ltd. (Exact name of registrant as specified in its charter) Bermuda 77-0481679 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda (Address of principal executive offices) (441) 296-6395 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common shares, $0.002 par value per share MRVL The Nasdaq Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • 2Q 2014 Company Fact Sheet
    www.siliconmotion.com Company Fact Sheet 2Q 2014 Quick Facts We are a fabless semiconductor company that designs, develops and markets high performance, low-power semiconductor solutions to OEMs and other customers in the Founded 1995 mobile storage and mobile communications markets. For the mobile storage market, our IPO 2005 key products are microcontrollers used in solid state storage devices such as SSDs, eMMCs and other embedded flash applications, as well as in removable storage products NasdaqGS SIMO such as memory cards and USB flash drives. More NAND flash products, especially next Revenue US$225 million (2013) generation flash, whether produced by Samsung, SanDisk, Toshiba, Micron or SK Hynix Employees 731 (2013 year-end) are supported by Silicon Motion controllers than any other company. We are the leading merchant supplier of controllers for eMMC embedded memory used in smartphones and tablets and are increasingly focused on client SSD controllers for PCs and other applications. For the mobile communications market, our key products are handset Revenue Mix (2Q 2014) transceivers and mobile TV SoCs. We are the dedicated provider of 4G LTE transceivers for Samsung’s smartphones and tablets. We market our Mobile Storage products under the “SMI” brand and Mobile Communications products under the “FCI” brand. Mobile Storage Our SSD+Embedded products include eMMC controllers for Mobile embedded memory in smartphones and tablets, SATA III client Communications 85% Mobile Storage SSD controllers for PCs and Ultrabooks, and FerriSSD
    [Show full text]
  • Micron: NAND Flash Architecture and Specification Trends
    NAND Flash Architecture and Specification Trends Michael Abraham ([email protected]) Applications Engineering Manager Micron Technology, Inc. Santa Clara, CA USA August 2009 1 Abstract As NAND Flash continues to shrink, page sizes, block sizes, and ECC requirements are increasing while data retention, endurance, and performance are decreasing. These changes impact systems including random write performance and more. Learn how to prepare for these changes and counteract some of them through improved block management techniques and system design. This presentation also discusses some of the tradeoff myths – for example, the myth that you can directly trade ECC for endurance Santa Clara, CA USA August 2009 2 NAND Flash: Shrinking Faster Than Moore’s Law 200 100 Logic 80 DRAM on (nm) ii 60 NAND Resolut 40 Micron 32Gb NAND (34nm) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Semiconductor International, 1/1/2007 Santa Clara, CA USA August 2009 3 Memory Organization Trends Over time, NAND block size is increasing. • Larger page sizes increase sequential throughput. • More pages per block reduce die size. 4,194,304 1,048,576 262,144 65,536 16,384 4,096 1, 024 256 64 16 Block size (B) Data Bytes per Page Pages per Block Santa Clara, CA USA August 2009 4 Consumer-grade NAND Flash: Endurance and ECC Trends Process shrinks lead to less electrons ppgger floating gate. ECC used to improve data retention and endurance. To adjust for increasing RBERs, ECC is increasing exponentially to achieve equivalent UBERs. For consumer applications, endurance becomes less important as density increases.
    [Show full text]
  • Speeding Data Access with the Sun Flash Accelerator F20 Pcie Card
    An Oracle White Paper June 2010 Speeding Data Access with the Sun Flash Accelerator F20 PCIe Card Speeding Data Access with the Sun Flash Accelerator F20 PCIe Card Introduction..........................................................................................1 Accelerating Application Performance with Enterprise-Quality Sun FlashFire Technology ..........................................................................................3 Sun Flash Accelerator F20 PCIe Card Highlights ...........................4 Sun Flash Accelerator F20 PCIe Card Architecture ............................5 Sun Flash Accelerator F20 PCIe Card Components...........................5 Disk on Module Design....................................................................6 Enterprise-Quality NAND Flash for Reliability........................................ 8 Serial-Attached SCSI Controller ......................................................8 Twelve-Port Serial-Attached SCSI Expander ..................................8 Supercapacitor Module....................................................................8 Supercapacitors versus Batteries .......................................................... 8 Reliability, Availability, and Serviceability Features.............................9 Deploying the Sun Flash Accelerator F20 PCIe Card .......................11 Flash Technology Considerations .................................................11 Aligning Data Transfers and Block Size............................................... 12 Database Acceleration
    [Show full text]