Silicon Motion Technology Adds 2% On Deal with Alibaba

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Silicon Motion Technology is up almost 2% after DigiTimes said the company has entered the supply chain of the Alibaba Group (BABA) by providing the e-commerce company SSD solutions, sources noted.

Silicon Motion previously acquired Shannon Systems, a China-based supplier of enterprise-class PCIe SSD and storage array solutions, which is helping the memory controller device supplier expand its presence in China, the sources reportedly said.

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