Movement Alert|Silicon Motion Technology Rises 5.25% in Regular Trading, Micron Executive Says Memory Shortage to Persist Through 2028 Lifting Storage Sector

Market Focus09-19 01:01

On September 18, Silicon Motion Technology rose 5.25% in regular trading, trading at $266.61 per share, with turnover of approximately $93.90 million. The storage sector rallied for a second consecutive session, with SK Hynix, SanDisk, Western Digital, and Micron Technology all posting gains.

On the news front, Micron Technology's CEO senior advisor and former EVP Sumit Sadana stated that the current memory shortage spans multiple market segments. Even as the company advances roughly 20 capacity expansion projects globally, meaningful new supply will not begin ramping until 2028, with no clear timeline for supply-demand rebalancing. Citi previously projected global memory capital expenditure to surge 46.5% year-over-year to $80.4 billion in 2027, yet constrained by lengthy construction lead times, even massive investment may fail to close the supply-demand gap.

As a leading designer of NAND flash controller chips, Silicon Motion Technology stands to benefit from the prolonged supply tightness, which is expected to support both its controller chip shipment volumes and pricing power.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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