Silicon Labs - SLAB STOCK NEWS

Silicon Labs (NASDAQ: SLAB) has been awarded a $23 million grant from the Texas Semiconductor Innovation Fund (TSIF), established by the Texas CHIPS Act. The funding will support the development of a new R&D laboratory in Austin, focusing on advancing wireless chip design and the company's Series 3 technology platform.

The investment aims to create and maintain local jobs while reinforcing Austin's position as a technology hub. The grant will specifically accelerate Silicon Labs' innovation roadmap, particularly in developing their Series 3 technology, an advanced wireless platform designed to enhance device connectivity and intelligence.

This funding initiative strengthens Texas' leadership role in semiconductor innovation and chip design, contributing to the state's economic growth and technological advancement in the semiconductor sector.

Silicon Labs (NASDAQ: SLAB) has announced plans to host an Analyst Day event on March 11, 2025, from 9:00am to 12:00pm Eastern Time at 237 Park Avenue in New York City. The event targets buy-side institutional investors and sell-side equity analysts.

The session will feature a comprehensive review of the company's long-term strategy, key growth initiatives, and financial outlook, followed by a Q&A session with the leadership team. Financial community members can register through the Investor Relations page on silabs.com. The event will be webcast with a replay available afterward.

Silicon Labs positions itself as a leader in secure, intelligent wireless technology, offering an integrated hardware and software platform, development tools, and support for building advanced industrial, commercial, home, and life applications.

Silicon Labs (SLAB) reported Q4 2024 financial results with revenue of $166 million. The company's Industrial & Commercial revenue was $89 million (down 8% sequentially), while Home & Life revenue reached $78 million (up 11% sequentially).

Key financial metrics include a GAAP gross margin of 54.3%, operating expenses of $119 million, and a GAAP diluted loss per share of $(0.73). On a non-GAAP basis, the company reported a gross margin of 54.6%, operating expenses of $98 million, and a diluted loss per share of $(0.11).

Looking forward, Silicon Labs provided Q1 2025 guidance with expected revenue between $170-185 million, projecting sequential growth. The company forecasts GAAP gross margin between 54-56% and non-GAAP operating expenses of $103-105 million.

Silicon Labs (NASDAQ: SLAB) has introduced two new System-on-Chip (SoC) products for Bluetooth LE connectivity: the BG22L and BG24L. The BG24L features AI/ML acceleration and Bluetooth 6.0 Channel Sounding capabilities, allowing sub-meter accuracy in distance measurement between devices. It includes a 78 MHz ARM Cortex M33 processor, 768 kB Flash, and 96 kB RAM.

The BG22L, optimized for common Bluetooth applications, offers up to ten years of battery life on a single coin cell, featuring a 38.4 MHz ARM Cortex M33 processor, up to 352 kB flash, and 24 kB RAM. It supports Bluetooth 5.4 and Direction Finding technology.

Both products are scheduled for general availability in Q2 2025, targeting applications from asset tracking to small appliances, with enhanced security and power efficiency features.

Silicon Labs (NASDAQ: SLAB) has announced its upcoming fourth quarter 2024 financial results release, scheduled for Tuesday, February 4, 2025. The company will host an earnings conference call at 7:30 a.m. Central Time following the release. The event will be streamed live on the Investor Relations section of silabs.com, with a replay available through March 4, 2025.

Silicon Labs positions itself as a leader in secure, intelligent wireless technology, offering an integrated hardware and software platform, development tools, and ecosystem support for building advanced industrial, commercial, home, and life applications.

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.