VR Tech Stocks to Buy: Silicon Motion (SIMO)
Silicon Motion Technology Corporation Corp. (ADR) (NASDAQ:SIMO) supplies solutions for customers needing an SSD controller. NAND flash makers also need SIMO. Customers include Intel Corporation (NASDAQ:INTC), Micron Technology, Inc. (NASDAQ:MU) and SanDisk, which is now owned by Western Digital Corporation (NASDAQ:WDC).
The growing demand for quick read and write access to data storage will benefit SIMO. The growth in virtual reality, which processes lots of graphical data, will push demand for SIMO’s newest solutions. In 2017, the company is releasing a PCIe NVMe SSD controller as the industry, not just VR, pushes suppliers to make things that run faster.
In the near-term, Silicon Motion’s bright prospects are in the “ordinary” SSD, eMMC controller and NAND. The tight demand in NAND will drive SIMO’s near-term prospects.
As of this writing, Chris Lau owned shares of Himax Technology, Inc.