Silicon Motion Technology Corporation (NasdaqGS:SIMO) announced it has received ISO 26262 functional safety process certification for automotive applications.
ISO 26262 is the international standard for functional safety in road vehicles. The certification covers Silicon Motion's automotive product development processes.
"Achieving ISO 26262 marks an important milestone in our automotive technology roadmap," said Nelson Duann, Senior VP. "Modern vehicles are becoming intelligent, software-defined platforms."
The certification enables support for automotive applications: intelligent cockpit platforms, ADAS, telematics, digital dashboards, and AI-driven storage systems.
The company posted 36% revenue growth in the last twelve months. Analysts anticipate continued sales expansion.
Silicon Motion designs and markets NAND flash controllers. It offers SSD controllers and Ferri-embedded products for automotive use.
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