Silicon Motion Technology Corporation (NASDAQ:SIMO) Q2 2020 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 08:00 am ET


Silicon Motion Technology Corporation (NASDAQ:SIMO) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to Silicon Motion's Technology Corp. Q2 2020 Earnings Conference Call. This conference call contains forward-looking statements within the meaning of Section 27A of the Security Act of 1933 and Section 21E of the Securities Exchange Act of 1934 as amended.

Such forward-looking statements include without limitation statements regarding trends in the semiconductor industry and our future results of operations financial condition and business prospects. Although, such statements are based on our own opinion and information from our success -- from our sources we believe to be reliable you should not place undue reliance on them. These statements involve risks and uncertainties. The actual market trends and our results made a fair maturely from those expressed or implied in these forward-looking statements for a variety of reasons.

Potential risks and uncertainties include, but not limited to continued competitive pressure in the semiconductor industry and the effect of such pressure on prices unpredictable changes in technology and consumer demand for multimedia consumer electronics. The state of any change in our relationships, with our major customers the changes in political economic legal and social conditions in Taiwan. 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. We assume no obligation to update any forward-looking statements, which apply only as of the date of this conference call.

I would now like to hand the conference over to your speaker Mr. Chris Chaney, Director of Investor Relations. Please go ahead.

Chris Chaney

Thank you, Ralf. Good morning, everyone, and welcome to Silicon Motion's Second Quarter 2020 Financial Results Conference Call and Webcast. My name is Chris Chaney, Director of Investor Relations. And joining me today on the call are Wallace Kou, our President and CEO; and Riyadh Lai, our Chief Financial Officer. Following my comments, Wallace will provide a review of our key business developments and then Riyadh will discuss our second quarter results and our outlook. We will then conclude with a question-and-answer period.

Before we get started, I would like to remind you of our Safe Harbor policy, which was read at the start of this call. For a comprehensive overview of the risks involved in investing in our securities, please refer to our filings with the United States Securities and Exchange Commission. For more details on our financial results, please refer to our press release, which was filed on Form 6-K after the close of the market yesterday. This webcast will be available for replay in the Investor Relations section of our website for a limited time.

To enhance investors' understanding of our ongoing economic performance, we will discuss non-GAAP information during this call. We use non-GAAP financial measures internally to evaluate and manage our operations. We have therefore chosen to provide this information to enable you to perform comparisons of our operating results in a manner similar to how we analyze our own operating results. The