The pandemic's work and learn from home trend led to a massive increase in demand for computers. One company that has certainly benefited from that trend is Silicon Motion Technology Corp. (NASDAQ:SIMO), which provides flash used in drives. This demand is expected to continue, which bodes well for an undervalued stock such as SIMO.Silicon Motion Technology Corp. (SIMO) is active in the semiconductor industry and primarily focuses on designing, developing, and marketing controllers for managing NAND flash used in embedded storage applications, such as eMMC embedded memory.
The company derives revenue from product categories such as Mobile Storage, Mobile Communications, and others. It earns the majority of its revenue from China and has a presence in Taiwan, the United States, Japan, Korea, and Other Countries.
Its products are used in Personal Computing, Smartphones and Tablets, Flash Cards and USB Flash Drives, Industrial and Embedded, Automotive, and Enterprise and Data Center.