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Silicon Motion closes upsized $1.15 billion 0.00% convertible notes offering
Silicon Motion closed an upsized $1,150,000,000 offering of 0.00% convertible senior notes due 2031, up from an initial $800 million target, including full exercise of the initial purchasers' $150 million option. Proceeds are intended to accelerate its enterprise boot-drive storage and Ferri automotive/physical-AI businesses, which the company says now represent nearly 30% of Q2 revenue.
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Accessibility: Skip TopNav Silicon Motion Technology Corporation Announces Closing of Upsized Offering of $1,150,000,000 of 0.00% Convertible Senior Notes due 2031 Offering includes the exercise in full of the initial purchasers’ option to purchase an additional $150 million principal amount of Notes August 13, 2026 18:00 ET | Source: Silicon Motion Technology Corporation Silicon Motion Technology Corporation TAIPEI, Taiwan and MILPITAS, Calif., Aug. 14, 2026 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in desig…