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Silicon Motion Technology shares are trading lower. The company unveiled its new MonTitan SSD Reference Design Kit and announced a proposed $800 million offering of 0.00% convertible senior notes.
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- Source
- benzinga
- Observed
- Aug 10, 2026, 3:04 PM
- Checked
- Aug 10, 2026, 3:04 PM
- Cadence
- Captured once, then retained as an archive reference
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- fresh
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Shares of semiconductor and chip companies are trading lower amid rising oil prices and bond yields, prompting inflation concerns. Also, declining memory chip companies may weigh on the broader industry.
Read original at benzingaShares of semiconductor and chip companies are trading higher after AI cloud providers CoreWeave and Nebius reported better-than-expected Q2 results and server and storage maker Super Micro Computer reported better-than-expected Q4 financial results, all of which may help bolster the demand outlook for the sector.
Read original at benzingaReported Earlier, Silicon Motion Prices Upsized $1.0B Offering Of 0.00% Convertible Senior Notes Due 2031, Increased From $800M
Read original at benzinga