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Good morning, everybody. We are fortune enough to have Riyadh Lai, CFO, Silicon Motion this morning. He is going to go through few slides and then I’ll kick it off with Q&A, let see we’ll have spare time for the audience to ask some questions towards the end. Thanks.
Thank you very much, Bob. It’s a -- my name Riyadh Lai. I’m the CFO of Silicon Motion. It’s a pleasure to be here today at the Deutsche Bank conference. I’ll provide a quick overview of the company and go straight into Q&A.
We are a fabless semiconductor company focused on business of designing microcontrollers for solid state storage devices, as well as business of providing specialty RF ICs for mobile devices.
Our key products are memory cards, flash memory cards, USB flash drives and increasingly SoC and embedded controllers. On the specialty RF our key product is LTE transceivers especially for Samsung.
We’ve done phenomenally well. Listening our opinion over the last two years and continue to do well. We grew our revenue 69% last year and the prior year we grew our revenue 52% and this year we’ve guided revenue to grow 20% to 30%.
Last two years our business run well largely because of smartphones and use of memory cards for those smartphones. We grew our revenue sharply as a result of ramp up smartphones and the use of memory cards for those products.