Taiwan's Silicon Motion Expects Revenue Boost Despite Component Costs.

Silicon Motion, a Taiwan-based chip designer, saw a surge in US-listed shares after reporting a better-than-expected first quarter revenue forecast. The company's CFO, Jason Tsai, expects a further boost from scaling new projects this year, despite rising component and memory costs. Tsai notes that diversification is key to the company's success, with products used in smartphones, automotive and IoT applications.