Welcome to our dedicated page for Silicon Laboratories news (Ticker: SLAB), a resource for investors and traders seeking the latest updates and insights on Silicon Laboratories stock.
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.
SensiML Corporation, a leading AI tool developer for IoT endpoints, announces its participation in the Works With 2021 conference, hosted by Silicon Labs on September 14-15. SensiML will sponsor and lead a hands-on workshop on September 15, focusing on integrating Predictive Maintenance in smart building devices using TinyML. The event gathers industry leaders to share insights on smart home, smart city, and IIoT products. Attendees will engage in practical sessions and connect with experts.
On Sept. 10, 2021, Silicon Labs (NASDAQ: SLAB) announced its participation in the 2021 Citi Global Technology Conference on Sept. 13. CEO Tyson Tuttle and CFO John Hollister will present at 3:20 p.m. Central Time in a fireside chat format, accompanied by virtual investor meetings on the same day. The presentation will be available via webcast on the Investor Relations page of Silicon Labs' website.
Silicon Labs (NASDAQ: SLAB) announced a panel discussion at Works With 2021 on the global semiconductor shortage, featuring experts from the Global Semiconductor Alliance and Advanced Semiconductor Engineering. The panel, titled "When Your Chips Are Down," will explore the causes of the shortage and strategies to enhance supply chain resilience. Matt Johnson, President of Silicon Labs, highlighted the semiconductor's critical role in the economy. The event takes place on September 15, with registration available online.
Silicon Labs (NASDAQ: SLAB) announced its participation in the Works With 2021 conference on Sept. 14-15, featuring keynote speakers from major companies including Amazon, Google, and IKEA. The event is focused on the Internet of Things (IoT) and will highlight the Matter protocol which aims to simplify product development and increase consumer compatibility. The event is free and targets engineers and developers, fostering collaboration in the IoT ecosystem.
Silicon Labs (Nasdaq: SLAB) announced the final results of its modified Dutch auction tender offer that ended on August 30, 2021. A total of 3,994,545 shares were tendered at a purchase price of $160.00 per share, totaling $639,127,200. This buyback represents 8.9% of the company's outstanding shares. Following this, Silicon Labs plans to return approximately $1.36 billion to shareholders from proceeds of divesting its infrastructure and automotive segments through special dividends and/or additional share repurchases.
Silicon Labs (Nasdaq: SLAB) announced the preliminary results of its modified Dutch auction tender offer, which concluded on August 30, 2021. Approximately 4,148,034 shares were tendered at or below the purchase price of $160.00 per share, totaling about $663.7 million. This buyback represents 9.3% of outstanding shares. Following this, Silicon Labs plans to return around $1.34 billion from its divestiture of its infrastructure and automotive lines to shareholders via special dividends and share repurchases. The final number of shares and purchase price are subject to confirmation.
Silicon Labs (NASDAQ: SLAB) announced keynotes for the upcoming Works With 2021 IoT conference on September 14-15. The session titled "The Future of Smart Cities Powered by IoT" will explore innovative solutions for smart city infrastructure, energy efficiency, and climate resilience. Notable speakers include Austin's Mayor Steve Adler and City Manager Spencer Cronk, alongside experts from Landis + Gyr and Google's X. The discussion will highlight IoT's role in enhancing critical infrastructure amidst climate challenges.
Silicon Labs (NASDAQ: SLAB) announced a panel on IoT security at the virtual Works With 2021 conference. The session titled Smart Home Security and the User Experience will include experts from ioXt Alliance and X-Force Red IBM Security. They will discuss the growing number of smart home security solutions, interoperability issues, and the technology securing these devices. With over 40% of smart homes having at least one vulnerable device, this panel aims to enhance consumer safety. The session will take place on September 14, 2021, at 1:45 PM CDT.
Silicon Labs (NASDAQ: SLAB) announced a virtual panel titled "IoT is Changing Healthcare – Now Adoption is Critical" on September 15, 2021. Moderated by IoT expert Stacey Higginbotham, the panel features leaders in IoT and healthcare discussing the integration of IoT in healthcare, its challenges, and its transformative potential during the pandemic. Participants will explore the impact of the Internet of Medical Things (IoMT) and the need for tech companies to adapt to healthcare demands. Registration details are available online.
Silicon Labs (NASDAQ: SLAB) will participate in KeyBanc's Technology Leadership Forum on August 9, featuring a presentation by Matt Johnson, President, and John Hollister, CFO, at 2:20 p.m. Central Time. The event will include virtual investor meetings throughout the day. The presentation can be accessed via the company's Investor Relations page at silabs.com. This forum is a key opportunity for Silicon Labs to discuss its innovations in secure, intelligent wireless technology.
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