Silicon Motion Technology Corporation (NASDAQ:SIMO) Q2 2024 Earnings Call Transcript August 2, 2024 8:00 AM ET
Company Participants
Tom Sepenzis - Senior Director of IR & Strategy
Wallace Kou - President and CEO
Jason Tsai - Interim CFO
Conference Call Participants
Craig Ellis - B. Riley Securities
Tony Stoss - Craig-Hallum
Quinn Bolton - Needham & Company
Suji Desilva - Roth Capital
Robert Hsu - JPMorgan
Operator
Good day, and thank you for standing by. Welcome to the Silicon Motion Technology Corporations' Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions]
This conference call contains forward looking statements within the meaning of Section 27-A of the Securities Act of 1933 and Section 21-E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding trends in the semiconductor industry and all future results of operations, financial condition and business prospects. 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, and our 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, 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 and any change in our relationship with our major customers, and 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. Please be advised that today's conference is being recorded.
It is now my pleasure to hand you over to Mr. Tom Sepenzis, Senior Director of IR & Strategy of the company. Please go ahead, sir.
Tom Sepenzis
Good morning, everyone, and welcome to Silicon Motion's second quarter 2024 financial results conference call and webcast. Joining me today is Wallace Kou, our President and CEO; and Jason Tsai, our Interim CFO. Wallace will first provide a review of our key business developments, and then Jason will discuss our second quarter results and outlook. Following our prepared remarks, we will conclude with a Q&A session.