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Press Release
 
October 26, 2006
 

Silicon Motion Announces Third Quarter Results for the Period Ended September 30, 2006

Strong Growth Driven by Mobile Storage Products

    Third Quarter 2006 Financial Summary:

    * Sales increased 39% year-over-year and 51% sequentially to NT$1,037
      million (US$31.6 million)

    * Gross margin remained unchanged from 2Q06 at 53.5%

    * Operating margin increased to 28.0% from 24.6% in 2Q06

    * Net income increased 34% year-over-year and 55% sequentially to NT$289
      million (US$8.8 million)

    * Diluted earnings per American Depositary Share (ADS) were NT$9.23
       (US$0.28), up 35% from NT$6.85 (US$0.21) in 3Q05 and 55% from NT$5.96
       (US$0.19) in 2Q06

    Third Quarter 2006 Business Highlights:

    * Unit shipments of mobile storage products grew 104% year-over-year and
      71% sequentially to 50 million units

    * The Company added full-page programming (NOP=1) support for all MLC NAND
      flash memory, including Samsung's 63-nanometer MLC flash memory, in the
      Company's Compact Flash controllers, Secure Digital controllers,
      MultiMediaCard controllers, xD-Picture Card controllers, and USB 2.0
      flash disk controllers

    * The Company's SM321E and SM324 USB flash disk controllers qualified for
      the Basic tier of Microsoft's Windows Vista logo program and support
      Vista's ReadyBoost feature.

TAIPEI, Taiwan, Oct. 26 /PRNewswire-FirstCall/ -- Silicon Motion Technology Corporation (Nasdaq: SIMO; "the Company"), a leading fabless semiconductor company that designs, develops, and markets universally compatible, high-performance, low-power semiconductor solutions for the multimedia consumer electronics market, today announced its third quarter 2006 financial results. Under accounting principles generally accepted in the United States of America (US GAAP), diluted earnings per ADS were NT$9.23 (US$0.28) in the third quarter of 2006 (3Q06), an increase of 35% from NT$6.85 (US$0.21) in the same period of the previous year (3Q05) and an increase of 55% from NT$5.96 (US$0.19) in the second quarter of 2006 (2Q06). Net income for 3Q06 was NT$289 million (US$8.8 million), an increase of 34% from NT$215 million in 3Q05 and an increase of 55% from NT$187 million in 2Q06.

US GAAP net income for 3Q06 reflected NT$26 million (US$0.79 million) of stock-based compensation expenses as a result of the Company's adoption of SFAS No 123(R), effective January 1, 2006. Excluding stock-based compensation, the Company's non-GAAP net income for 3Q06 was NT$315 million (US$9.6 million). Non-GAAP earnings per ADS were NT$9.97 (US$0.30).

Commenting on the results, Silicon Motion's President and CEO, Wallace Kou, said:

    "We are pleased with our progress in the third quarter and our results
    exceeded our expectations for a number of reasons.  Samsung and Hynix
    increased the output of their 63-nanometer and 90-nanometer MLC flash
    memory respectively in the third quarter, which improved the cost
    competitiveness of many of our customers.  As a result, we saw fairly
    strong demand for our controllers that are used in flash memory cards
    and in USB flash disk drives.

    "In the flash memory card segment, our decision earlier this year to
    pursue bundled card opportunities started to bear fruit in the second
    quarter, and the results were even more noticeable in the third quarter.
    As mobile phone manufacturers began to roll out function-rich mobile
    phones, we saw strong demand for our controllers that are used in the
    micro-SD cards that are bundled with these phones.  We also saw our
    customers ramping up their micro-SD card production for the retail
    market.

    "In the third quarter, we also benefited from the successful ramp-up and
    market acceptance of the controllers that we introduced a few quarters
    ago, including our SM222 Compact Flash controller, SM324 USB flash disk
    controller, and high-performance SM266 SD controller.  We also benefited
    from our on-going effort to add support for newer flash memory into our
    existing controllers.

    "We are excited about the growth prospects for the markets that we serve
    and we plan to roll out several new controllers over the next few
    quarters to address additional opportunities in the flash memory
    market."

    Third Quarter 2006 Financial Review(1)

    Sales

Net sales in the third quarter totaled NT$1,037 million (US$31.6 million), an increase of 39% from 3Q05 and an increase of 51% from 2Q06. Overall unit shipments increased 103% from 3Q05 and 71% from 2Q06. The blended average selling price (ASP) per unit fell 12% from 2Q06, primarily due to a change in product mix.

By product, net sales from mobile storage products accounted for 92% of total net sales, which was up from 85% of total net sales in the second quarter of 2006. Net sales from multimedia SoCs represented 8% of total net sales, which was down from 14% in 2Q06. Net sales from other products in the second quarter accounted for less than 1% of net sales.

    As % of Net Sales    4Q04   1Q05   2Q05   3Q05   4Q05   1Q06   2Q06   3Q06
    Mobile Storage
      Products            92%    86%    80%    87%    84%    72%    85%    92%
    Multimedia SoCs        7%    13%    19%    13%    16%    27%    14%     8%
    Others                 1%     1%     1%     0%     0%     1%     1%     0%
    Total                100%   100%   100%   100%   100%   100%   100%   100%

Net sales from mobile storage products, which include flash memory card controllers and USB 2.0 flash disk controllers, increased 46% from 3Q05 and 62% from 2Q06 to NT$950 million (US$29.0 million). Unit shipments increased 104% from 3Q05 and 71% from 2Q06 to 50 million units. The ASP per unit in 3Q06 declined by 6% from 2Q06.

Net sales from multimedia SoC products, which include multimedia display processors and portable audio SoCs, declined 14% from 3Q05 and 15% from 2Q06 to NT$81 million (US$2.5 million). Unit shipments of multimedia SoC products decreased 3% from 3Q05 and increased 21% from 2Q06 to approximately 395,000 units. The ASP per unit for multimedia SoC products declined 30% from 2Q06 because portable audio SoCs, which have lower selling prices compared to multimedia display processors, constituted a greater proportion of the total multimedia SoC product sales in the third quarter.

    Unit Shipment     4Q04   1Q05   2Q05   3Q05   4Q05   1Q06   2Q06   3Q06
    (thousand units)
    Mobile Storage   14,549 10,912 14,120 24,265 30,146 20,306 28,976 49,563
      Products
    Multimedia SoCs     111    163    337    407    947    496    326    395
    Others                -     17     59      3      7     21     11     23
    Total            14,660 11,092 14,516 24,675 31,100 20,823 29,313 49,981


    Expenses

The cost of sales in 3Q06 totaled NT$482 million (US$14.7 million), representing increases of 35% from 3Q05 and 51% from 2Q06. The year-over-year increase was driven primarily by increases in total wafer costs and assembly and test costs, as a result of a 103% increase in unit volume from 3Q05. The sequential increase was driven by increases in total wafer costs and assembly and test costs as a result of a 71% increase in unit volume from 2Q06. The gross margin for the quarter was 53.5%, up from 52.3% in 3Q05 and unchanged from 2Q06. The non-GAAP gross margin was 53.5%.

Total operating expenses in 3Q06, which include sales and marketing expenses, general and administrative (G&A) expenses, and research and development (R&D) expenses, were NT$264 million (US$8.1 million), an increase of 44% from 3Q05 and an increase of 33% from 2Q06. Total operating expenses, excluding stock-based compensation expense, increased 31% year over year and increased 32% sequentially.

Total operating expenses represented 25.5% of net sales, compared to 24.5% and 28.9% of net sales in 3Q05 and 2Q06, respectively. The Company's operating margin increased from 27.8% in 3Q05 and 24.6% in 2Q06 to 28.0% in 3Q06. The non-GAAP operating margin was 30.5%, up from 27.4% in 2Q06.

Sales and marketing expenses in 3Q06 increased by 31% from 3Q05 and 13% from 2Q06 and represented 4.7% of net sales. The year-over-year increase was driven primarily by higher salary and benefits, stock-based compensation expenses, professional fees, and travel and miscellaneous expenses and was offset by lower commissions. The sequential increase was driven mainly by higher salary and benefits, stock-based compensation expenses, professional fees, and travel expenses and was offset by lower commissions.

General and administrative expenses in 3Q06 increased 18% year-over-year and 24% sequentially, and represented 5.5% of net sales. The year-over-year increase was primarily due to higher salary and benefits and stock-based compensation expenses and was offset by lower professional fees. The sequential increase was primarily due to higher salary and benefits and professional fees and was offset by lower stock-based compensation expenses.

Research and development expenses in 3Q06 increased 65% year-over-year and 45% sequentially and represented 15.2% of net sales. The year-over-year increase was driven by higher salary and benefits, stock-based compensation expenses, as well as higher project, depreciation, travel, and rental expenses, and was offset by lower royalty fees, professional fees, and miscellaneous expenses. The sequential increase was primarily driven by higher salary and benefits and stock-based compensation expenses, as well as higher project and rental expenses.

The company-wide headcount increased 5% from 318 at the end of 2Q06 to 334 at the end of 3Q06. A majority of the headcount increase took place in sales, marketing, and field engineering support.

Earnings

Net income totaled NT$289 million (US$8.8 million) in 3Q06, an increase of 34% from NT$215 million in 3Q05 and an increase of 55% from NT$187 million in 2Q06. Non-GAAP net income was NT$315 million (US$9.6 million). The net margin was 27.9%, down from 28.8% in 3Q05 and up from 27.2% in 2Q06. The non-GAAP net margin was 30.4%. Diluted earnings per ADS were NT$9.23 (US$0.28), up 35% from NT$6.85 (US$0.21) in 3Q05 and 55% from NT$5.96 (US$0.19) in 2Q06. Non-GAAP diluted earnings per ADS were NT$9.97 (US$0.30).

Balance Sheet

At the end of 3Q06, the Company had NT$1,782 million (US$53.8 million) in cash and cash equivalents and NT$1,334 million (US$40.3 million) in short-term investments. Accounts receivable (A/R) increased from NT$674 million at the end of 2Q06 to NT$807 million (US$24.4 million) at the end of 3Q06. However, the average A/R days decreased from 77 days to 65 days. Inventory increased from NT$282 million at the end of 2Q06 to NT$318 million (US$9.6 million) at the end of 3Q06. However, the average inventory days decreased from 77 days to 57 days, mainly as a result of higher business volume in 3Q06. Total assets at the end of 3Q06 were NT$5,010 million (US$151.4 million), up from NT$4,380 million at the end of 2Q06.

Current liabilities increased from NT$533 million at the end of 2Q06 to NT$777 million (US$23.5 million) at the end of 3Q06, primarily due to increases in accounts payable and accrued expenses. There were no material changes in the Company's long-term liabilities.

There were 123.753 million ordinary shares outstanding at the end of 3Q06, which was equivalent to 30.938 million units of ADS.

Business Outlook:

The Company currently expects sales in the fourth quarter of 2006 to be between US$33 and US$34 million, which represent a sequential increase of 4%-7% from US$31.6 million in the third quarter. The Company estimates that its gross margin in 4Q06 will likely be between 52% and 53% and its operating margin will be approximately flat from 3Q06.

Webcast of Conference Call:

The Company's management team will conduct a conference call at 10:00 am Eastern Time on October 27. A webcast of the conference call will be accessible on the Company's web site at http://www.siliconmotion.com .

Discussion of Non-GAAP Financial Measures

In addition to disclosing financial results calculated in accordance with U.S. generally accepted accounting principles, the Company's earnings release contains non-GAAP financial measures that exclude the effects of share-based compensation and the requirements of SFAS No. 123(R). The non-GAAP financial measures used by management and disclosed by the Company exclude the income statement effects of all forms of share-based compensation and the effects of 123(R) upon the number of diluted shares used in calculating non-GAAP earnings per share.

The non-GAAP financial measures disclosed by the Company should not be considered a substitute for financial measures calculated in accordance with US GAAP, and the financial results calculated in accordance with US GAAP and reconciliations to those financial statements should be carefully evaluated. The non-GAAP financial measures used by the Company may be calculated differently from and therefore may not be comparable to similarly titled measures used by other companies.

The Company believes that the presentation of non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income, and non-GAAP net income per share provides important supplemental information to management and investors regarding financial and business trends relating to the Company's financial condition and results of operations.

Non-GAAP gross margin and non-GAAP operating margin are GAAP gross margin and GAAP operating margin excluding stock-based compensation expenses that are driven by discrete events that management does not consider to be directly related to the Company's core operating performance. Similarly, Non-GAAP net income consists of net income excluding stock-based compensation expenses that are driven primarily by discrete events that management does not consider to be directly related to the Company's core operating performance. Non-GAAP net income per share is calculated by dividing non-GAAP net income by adjusted GAAP weighted average diluted shares outstanding. For this purpose, the calculation of GAAP weighted average diluted shares outstanding is adjusted to exclude the benefit of compensation costs attributable to future services and not yet recognized in the financial statements that are treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method.

    Investor Contact:               Media Contact:
    Selina Hsieh                    Sara Hsu
    Investor Relations              Project Manager
    Tel: +886 3 552 6888 x2311      Tel: +886 2 2219 6688 x3509
    E-mail: ir@siliconmotion.com    E-mail: sara.hsu@siliconmotion.com.tw


    Listed below are the items included in net income that management excludes
in computing the non-GAAP financial measures referred to in the text of this
press release:

                                               Three Months  Three Months
                                                   Ended         Ended
                                              Jun. 30, 2006  Sep. 30, 2006
    1) Cost of sales:
      Stock-based compensation                     1,032            454

    2) Research and development expense:
          Stock-based compensation                 6,911         14,483

    3) Sales and marketing expense
          Stock-based compensation                 2,621          4,254

    4) General and administrative expense
          Stock-based compensation                 8,469          6,711



                    Silicon Motion Technology Corporation
                      Consolidated Statements of Income
            (in thousands, except percentages and per share data)
                                 (unaudited)



                                   For the 3 Months Ended          Change From
                             Sep. 30, Jun. 30, Sep. 30, Sep. 30,
                               2005     2006     2006     2006     3Q05   2Q06
                              (NT$)    (NT$)    (NT$)    (US$)      (%)    (%)

    Net Sales                747,012   686,963 1,036,680  31,645    39%   51%
    Cost of sales            356,688   319,492   482,295  14,722    35%   51%
    Gross profit             390,324   367,471   554,385  16,923    42%   51%
    Operating expenses
    Research & development    95,690   109,223   158,046   4,824    65%   45%
    Sales & marketing         37,372    43,266    48,884   1,492    31%   13%
    General & administrative  48,489    46,125    56,987   1,740    18%   24%
    Amort. of intangible
      asset                    1,126         -         -       -  -100%    -
    Subtotal                 182,677   198,614   263,917   8,056    44%   33%
    Operating income         207,647   168,857   290,468   8,867    40%   72%
    Non-operating income
     (expense)
      Gain on sale of          3,394     4,362     4,271     130    26%   -2%
        investments
      Interest income (net)   11,725    14,897    17,744     542    51%   19%
      Foreign exchange gain
      (loss)                   4,710       666    (2,627)    (80) -156% -494%
      Others                  (6,356)      596     3,189      97   150%  436%
      Subtotal                13,473    20,521    22,577     689    68%   10%
    Income before tax        221,120   189,378   313,045   9,556    42%   65%
    Income tax expense         6,021     2,591    23,740     725   294%  816%
    Net income               215,099   186,787   289,305   8,831    34%   55%

    Basic earnings
      per ADS                NT$7.02   NT$6.07   NT$9.38 US$0.29    34%   55%
    Diluted earnings
      per ADS                NT$6.85   NT$5.96   NT$9.23 US$0.28    35%    55%

    Margin Analysis:
    Gross margin               52.3%     53.5%     53.5%
    Operating margin           27.8%     24.6%     28.0%
    Net margin                 28.8%     27.2%     27.9%

    Additional Data:
    Weighted avg. ADS
      equivalents(2)          30,653    30,783   30,832
    Diluted ADS
      equivalents             31,389    31,353   31,336



                    Silicon Motion Technology Corporation
                 Reconciliations of GAAP to Non-GAAP Results
           (NT$ thousands, except per-share amount and percentages)
                                 (unaudited)


                                                        Three Months Ended
                                                 Jun. 30, 2006   Sep. 30, 2006
    GAAP Cost of sales                               319,492        482,295
     Adjustment for share-based compensation          (1,032)          (454)
    Cost of sales excluding share-based
      compensation                                   318,460        481,841

    GAAP Operating Income                            168,857        290,468
     Adjustment for share-based
      compensation within:
      Cost of sales                                    1,032            454
      Research and development                         6,911         14,483
      Sales and marketing                              2,621          4,254
      General and administrative                       8,469          6,711
    Operating Income excluding share-based
     compensation                                    187,890        316,370

    GAAP Net Income                                  186,787        289,305
     Adjustment for share-based
      compensation within:
       Cost of sales                                   1,032            454
       Research and development                        6,911         14,483
       Sales and marketing                             2,621          4,254
       General and administrative                      8,469          6,711
    Net Income excluding share-based
      compensation                                   205,820        315,207

    GAAP diluted earnings per ADS                       5.96           9.23
     Adjustment for share-based compensation            0.54           0.74
    Diluted earnings per ADS excluding
      share-based compensation                       NT$6.50        NT$9.97

    GAAP Gross margin percentage                       53.5%          53.5%
    Adjustment for share-based compensation             0.1%           0.0%
    Gross margin percentage excluding
      share-based compensation                         53.6%          53.5%

    GAAP Operating margin percentage                   24.6%          28.0%
     Adjustment for share-based compensation            2.8%           2.5%
    Operating margin percentage excluding
      share-based compensation                         27.4%          30.5%



                    Silicon Motion Technology Corporation
                      Consolidated Statements of Income
            (in thousands, except percentages, and per share data)
                                 (unaudited)

                              For the 9    For the 9    For the 9
                                Months       Months       Months
                                 Ended        Ended        Ended
                               Sep. 30,     Sep. 30,     Sep. 30,
                                 2005         2006         2006         Change
                                 (NT$)        (NT$)      (US$)(3)         (%)

    Net Sales                 1,814,020    2,289,780       70,550         26%
    Cost of sales               940,303    1,067,683       32,896         14%
    Gross profit                873,717    1,222,097       37,654         40%
    Operating expenses
     Research & development     258,206      349,413       10,766         35%
     Sales & marketing          100,207      139,081        4,292         39%
     General & administrative    95,841      147,939        4,563         54%
     Amortization of
      intangible assets           3,376            -            -       (100%)
     Subtotal                   457,630      636,433       19,621         39%
    Operating income            416,087      585,664       18,033         41%

    Non-operating expense
     (income)

       Gain on sale of
        investments               9,122       12,590          388         38%
       Interest income (net)     12,773       46,337        1,430        263%
       Foreign exchange gain
        (loss)                    4,522       (1,910)         (57)      (142%)
       Others                    (6,109)       4,493          136        174%
       Subtotal                  20,308       61,510        1,897        203%
    Income before tax           436,395      647,174       19,930         48%
    Income tax expense            9,128       34,403        1,055        277%
    Net income                  427,267      612,771       18,875         43%

    Basic earnings per ADS     NT$15.37     NT$19.90      US$0.62
    Diluted earnings per ADS   NT$14.98     NT$19.57      US$0.61

    Margin Analysis:
    Gross margin                  48.2%        53.4%
    Operating margin              22.9%        25.6%
    Net margin                    23.6%        26.8%

    Additional Data:
    Weighted average ADS
     equivalents                27,792       30,769
    Diluted ADS equivalents     28,527       31,305



                    Silicon Motion Technology Corporation
                          Consolidated Balance Sheet
                               (NT$ thousands)
                                 (unaudited)

                                                Dec. 31, 2005  Sep. 30, 2006

    Cash and cash equivalents                      1,581,993      1,781,770
    Short-term investments                         1,157,955      1,333,576
    Accounts receivable, net                         573,498        807,236
    Inventories                                      278,528        317,818
    Refundable deposits - current                     60,000         60,000
    Deferred income tax assets, net                   48,858        115,801
    Prepaid expenses and other current assets        222,563        187,378
    Total current assets                           3,923,395      4,603,579

    Long-term investments                             15,954         25,486
    Property and equipment (net)                      83,734        316,999
    Other assets                                      65,048         63,686
    Total assets                                NT$4,088,131   NT$5,009,750

    Accounts payable                                 318,841        389,764
    Income tax payable                               104,744        132,418
    Accrued expenses and other current liabilities   207,769        255,137
    Total current liabilities                        631,354        777,319

    Accrued pension cost                               5,365          3,608
    Other long-term liabilities                        1,627          1,279
    Total liabilities                                638,346        782,206
    Shareholders' equity                           3,449,785      4,227,544
    Total liabilities & shareholders' equity    NT$4,088,131   NT$5,009,750


    About Silicon Motion:

Silicon Motion Technology Corporation is a leading fabless semiconductor company that designs, develops, and markets universally compatible, high-performance, low-power semiconductor solutions for the multimedia consumer electronics market. The Company's semiconductor solutions include controllers used in mobile storage media, such as flash memory cards and USB flash drives, and multimedia systems on a chip, or SoCs, used in digital media devices such as MP3 players, PC cameras, PC notebooks and broadband multimedia phones.

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding trends in the multimedia consumer electronics market and our future results of operations, financial condition and business prospects. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue," or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects 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, our belief in the outcome of any claim or lawsuit, including our claim against one of our subcontractors for the inventory loss that we sustained during a fire at the subcontractor's factory; unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from these customers; general economic conditions or conditions in the semiconductor or multimedia consumer electronics markets; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in our customers' products; our customers' sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed on June 30, 2006. We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.

        The Company maintains its accounts and expresses its financial
        statements in  New Taiwan dollars.  For convenience only, U.S. dollar
        amounts presented in the income statement have been translated from
        New Taiwan dollars, using an average exchange rate of NT$32.2948 to
        US$1 for the third quarter of 2005, NT$32.1506 to US$1 for the second
        quarter of 2006, and NT$32.7605 to US$1 for the third quarter of 2006
        based on the average of the noon buying rate for cable transfers of
        the NT dollar as certified for customs purposes by the Federal Reserve
        Bank of New York.  Amounts from the balance sheet have been translated
        using the ending exchange rate for the period.  The exchange rate at
        the end of 3Q06 was NT$33.10 to US$1.

    (1) Note: Unless otherwise stated, all financial information used in this
        press release is unaudited, consolidated, prepared in accordance with
        US GAAP and denominated in New Taiwan dollars.  US dollar amounts are
        translated for convenience only.  Such financial information is
        generated internally and has not been subjected to the same review and
        scrutiny, including internal auditing procedures and audit by
        independent auditors, to which we subject our audited consolidated
        financial statements, and may vary materially from the audited
        consolidated financial information for the same period.  Any
        evaluation of the financial information presented in this press
        release should also take into account our published audited
        consolidated financial statements and the notes to those statements.
        In addition, the financial information presented is not necessarily
        indicative of our results for any future period.

    (2) Assumes all outstanding ordinary shares are represented by ADSs.  Each
        ADS represents four ordinary shares.

    (3) The US dollar amounts presented in this income statement are for
        convenience only and represent the sum of US dollar amounts for the
        first, second, and third quarters, each translated from New Taiwan
        dollars using the respective average exchange rate for each quarter.
SOURCE  Silicon Motion Technology Corporation
    -0-                             10/26/2006
    /CONTACT:  Investor Contact, Selina Hsieh, Investor Relations,
+886-3-552-6888 x2311, ir@siliconmotion.com, or Media, Sara Hsu, Project
Manager, +886-2-2219-6688 x3509, sara.hsu@siliconmotion.com.tw, both of
Silicon Motion Technology Corporation/
    /Web site:  http://www.siliconmotion.com /
    (SIMO)

CO:  Silicon Motion Technology Corporation
ST:  Taiwan
IN:  SEM CPR CSE MLM
SU:  ERN CCA ERP

BR
-- LNTH009 --
4192 10/26/2006 17:00 EDT http://www.prnewswire.com

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