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Silicon Laboratories Inc. (NASDAQ: SLAB) is a prominent player in the semiconductor industry, recognized worldwide for its innovative silicon, software, and system solutions. The company is renowned for fostering a smarter, more connected world through its secure, intelligent wireless technology.
Headquartered in Austin, Texas, Silicon Labs employs over 1,400 team members spread across more than 20 countries. Their focus spans several high-growth markets, including the Internet of Things (IoT), Internet infrastructure, industrial automation, consumer electronics, and automotive sectors. The company operates through a single segment that specializes in mixed-signal analog-intensive products, categorized into Industrial & Commercial, and Home & Life segments, with the Industrial & Commercial category being the primary revenue driver.
Silicon Labs’ award-winning technologies have earned it significant accolades, including being voted the most respected public semiconductor company by the Global Semiconductor Alliance for three of the last four years. This success is driven by their commitment to performance, energy efficiency, and simplicity in their product designs.
Among the company’s recent milestones, a notable partnership with Arduino aims to streamline the development of Matter over Thread applications. This collaboration enables Arduino's 33 million-strong developer community to leverage Silicon Labs' advanced hardware for enhanced security, energy efficiency, and processing power.
On the financial front, Silicon Labs reported strong results for the first quarter ending March 30, 2024, indicating sequential growth driven by progress in end-customer inventory destocking. Despite volatile market conditions, the company continues to anticipate revenue growth, supported by improving bookings and ramping design wins.
Further emphasizing its leadership, Silicon Labs has recently launched the xG26 family of Wireless SoCs and MCUs, designed to support the most demanding emerging IoT applications with enhanced Flash and RAM capacities, and the xG22E family, tailored for energy harvesting applications to enable battery-free IoT devices.
Silicon Labs continues to push the boundaries of IoT innovation, making it easier for developers worldwide to tackle complex wireless challenges and bring advanced industrial, commercial, home, and life applications to market efficiently. For more information, visit their official website at www.silabs.com.
Silicon Labs (SLAB) has announced its participation in the Barclays Global Technology Conference on December 11th, 2024, at The Palace Hotel in San Francisco. The company's CFO, Dean Butler, will participate in a fireside chat at 10:25 a.m. Pacific Time, rescheduled from the previously announced 11:00 a.m. slot.
The presentation will be accessible via webcast on the company's Investor Relations webpage. Silicon Labs, a leader in secure, intelligent wireless technology, provides an integrated hardware and software platform, development tools, and support for building advanced industrial, commercial, home, and life applications.
Silicon Labs (SLAB) has announced shipping 4 million FG23 SoCs for smart electricity meters as part of India's Advanced Metering Initiative (AMI). The chips, featuring Wirepas RF mesh technology, have achieved 99.9% reliability in data delivery.
The FG23 SoC with Wirepas Mesh Sub-GHz connectivity offers key advantages including infinite scalability, ultra-low power consumption, and ultra-resilience. The solution provides cost efficiency, reliable performance in both urban and rural environments, and quick network restructuring after power outages. The technology complies with India's Revamped Distribution Sector Scheme (RDSS) standards and Indian Standard IS 15959 requirements.
Silicon Labs (NASDAQ: SLAB) has launched the SiWx917Y ultra-low power Wi-Fi 6 and Bluetooth LE 5.4 modules, extending their Series 2 platform. These pre-certified modules feature intelligent power management, enabling connected sleep mode with as low as 20μA current. The modules integrate Wi-Fi 6, Bluetooth LE 5.4, an ARM Cortex-M4 processor, and various peripherals in a 16 x 21 x 2.3 mm package. They come in two variants: SiWG917Y for SoC mode and SiWN917Y for NCP mode, targeting applications in smart homes, healthcare, industrial sensors, and asset tracking.
Silicon Labs has achieved a remarkable milestone in ESG performance, scoring in the top 1% of companies rated by EcoVadis with an overall score of 83/100. Since joining the program in 2021, the company has significantly improved from its initial ranking in the top 35%. The company excelled particularly in the Environment category, scoring 90/100, reflecting their commitment to reducing global carbon footprint.
The assessment covered four key areas: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement, with improvements noted across all categories. Silicon Labs plans to release its annual Corporate Sustainability Report in Spring 2025, which will detail their ESG initiatives and showcase their low-energy products' role in enabling sustainable IoT solutions.
Silicon Labs (SLAB) has announced its participation in three major investor conferences in December 2024. Giovanni Pacelli and Thomas Haws will attend the Wells Fargo TMT Summit in Rancho Palos Verdes on December 3 and the UBS Global Technology and AI Conference in Scottsdale on December 4. CFO Dean Butler will participate in a fireside chat at the Barclays Global Technology Conference in San Francisco on December 11 at 11 a.m. PT. The Barclays conference presentation will be webcast on Silicon Labs' Investor Relations webpage.
Silicon Labs has opened registration for its 2024 Works With Virtual Developers Conference, scheduled for November 20-21. This free two-day virtual event consolidates content from regional conferences in San Jose, Hyderabad, and Shanghai. The conference features expert keynotes, technical courses from industry leaders like NVIDIA and Samsung, ecosystem integration sessions with Amazon, Google, and Apple, and live Q&A opportunities.
Attendees can customize their experience through specialized tracks focusing on Bluetooth, LPWAN, Matter, Wi-Fi, AI/ML, and IoT security.
Silicon Labs (SLAB) reported Q3 2024 financial results with revenue of $166 million. Industrial & Commercial revenue was $96 million (up 10% sequentially), while Home & Life revenue reached $70 million (up 22% sequentially). The company reported a GAAP operating loss of $30 million and diluted loss per share of $(0.88). On a non-GAAP basis, operating loss was $8 million with diluted loss per share of $(0.13). For Q4 2024, Silicon Labs expects revenue between $161-171 million, with non-GAAP diluted loss per share projected between $(0.01) to $(0.21).
Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology, has announced its plan to release third quarter 2024 financial results on Monday, November 4, 2024. An earnings conference call will follow at 3:30 p.m. Central Time. The call will be streamed from the Investor Relations section of the company's website at silabs.com. A replay will be available after the call on the investor page until December 4, 2024.
Silicon Labs specializes in providing integrated hardware and software platforms, intuitive development tools, and robust support for building advanced industrial, commercial, home, and life applications. The company aims to simplify complex wireless challenges and enable developers to bring innovative solutions to market quickly.
Silicon Labs and Kudelski IoT have partnered to accelerate Matter device certification for IoT manufacturers. The collaboration integrates Kudelski IoT's Matter Device Attestation Certificates (DAC) into Silicon Labs' Custom Part Manufacturing Service (CPMS), enabling Zero Trust security from foundry to customer. This solution streamlines the complex process of obtaining and transferring certificates for Matter-certified devices.
Key benefits include:
- Secure DAC injection at Silicon Labs factories
- Simplified key management
- Reduced manufacturing complexity
- Faster time-to-market for Matter-certified products
- Enhanced protection against counterfeiting and overproduction
The service is available now for Silicon Labs' MG24 wireless SoCs and modules with Secure Vault technology. Manufacturers can place orders through the Silicon Labs CPMS web portal after obtaining Matter certification.
Silicon Labs (NASDAQ: SLAB) has announced support for Bluetooth® Channel Sounding technology on its xG24 platform. This breakthrough enhances the accuracy and security of Bluetooth device-ranging capabilities, offering sub-meter accuracy and secure fine ranging. The technology uses Phased-Based Ranging (PBR) and Round Trip Time (RTT) for precise distance measurements between devices.
Silicon Labs is introducing new hardware solutions, including the xG24 Radio Board and Pro Kit, available now, and the xG24 Dev Kit with dual antenna PCB design, coming in December 2024. These solutions cater to various application complexities, from basic to advanced, and are AEC-Q100 qualified for automotive use.
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