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.
AUSTIN, Texas, June 3, 2021 /PRNewswire/ -- A panel of smart home experts, moderated by Stacey Higginbotham, will analyze Matter (formerly Project CHIP) on June 8, 2021. The discussion will cover Matter's role in enhancing connectivity, interoperability, and security in IoT. The Connectivity Standards Alliance emphasizes Matter's potential to unify IoT ecosystems, simplifying product development for smart home applications. Experts from relevant companies including Silicon Labs will participate, highlighting both advantages and challenges of adopting this new standard.
Silicon Labs (NASDAQ: SLAB), a leading provider of silicon, software, and solutions, announced its participation in three upcoming investor conferences. The company will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 26 at 5:55 p.m. ET, the Cowen Technology, Media and Telecom Conference on June 2 at 9:50 a.m. ET, and the Stifel Cross Sector Insight Conference on June 9. All presentations will be available via webcast on the company's Investor Relations page.
Silicon Labs (NASDAQ: SLAB) announced its new wireless solutions for Matter end products, supporting Thread, Wi-Fi, and Bluetooth protocols. Matter aims to create a unified standard for IoT connectivity, enhancing user experience across smart home and commercial applications, including security, HVAC, and lighting. The company contributes over 20% of Matter's source code, focusing on secure, reliable, and simple IoT communication. Their Secure Vault technology bolsters security measures against breaches. The company leverages two decades of expertise in wireless solutions to aid developers in innovating connected products.
Silicon Labs (NASDAQ: SLAB) reported strong Q1 2021 results with revenue hitting $255.5 million, surpassing the forecast and up from $242.9 million in Q4 2020. IoT revenue reached $158.2 million, a 34% year-on-year increase. GAAP diluted EPS stood at $0.29, while non-GAAP EPS was $0.91. The company announced the sale of its Infrastructure & Automotive business to Skyworks Solutions (NASDAQ: SWKS) for $2.75 billion in cash, focusing on IoT growth. Expected Q2 revenue ranges between $262 to $272 million.
Silicon Labs (NASDAQ: SLAB) has appointed Daniel Cooley as its new Chief Technology Officer. Cooley, who has been with the company since 2005, previously served as chief strategy officer and has a strong background in IoT technology. In his new role, he will lead the company's research and development strategy, focusing on wireless connectivity and IoT market opportunities. Cooley takes over from Alessandro Piovaccari, who transitions to a technical advisory role after 18 years of service. This leadership change is expected to accelerate Silicon Labs' growth in the expanding IoT market.
Silicon Labs has entered into a definitive agreement to sell its Infrastructure and Automotive (I&A) business to Skyworks Solutions for $2.75 billion in cash. This strategic move is aimed at enhancing Silicon Labs' focus on the IoT market, anticipated to accelerate growth opportunities. Following the transaction, the company plans to return approximately $2.0 billion to shareholders through dividends and share repurchases. Additionally, Silicon Labs reported expected Q1 revenue of $255 million, a 19% increase year-over-year.
Silicon Labs (NASDAQ: SLAB) has promoted Matt Johnson to president, effective immediately. Johnson, who previously served as senior vice president and general manager of IoT Products, is expected to bolster the company's growth in intelligent connectivity and the Internet of Things (IoT) sector. Under his leadership, the organization aims to capitalize on a $10 billion market opportunity by 2023. CEO Tyson Tuttle expressed confidence in Johnson's ability to manage day-to-day operations and enhance the company's product development initiatives.
Skyworks Solutions (Nasdaq: SWKS) has announced an all-cash acquisition of Silicon Laboratories’ (Nasdaq: SLAB) Infrastructure & Automotive business for $2.75 billion. This strategic move enhances Skyworks' capabilities in high-growth sectors such as electric vehicles, industrial control, and 5G infrastructure, aiming to tap into a combined market opportunity of nearly $20 billion annually. The acquisition is expected to close in Q3 2021, subject to regulatory approvals, and will bolster Skyworks' revenue and margin growth by integrating approximately 350 new employees and technologies into its operations.
Silicon Labs (NASDAQ: SLAB) has announced its new Wi-SUN technology, aimed at enhancing IoT applications and smart city development. This solution integrates the EFR32 hardware platform with an advanced IPv6 mesh stack, promoting secure wireless connectivity for various applications including advanced metering and street lighting. Certified by the Wi-SUN Alliance, the technology is designed for large-scale, long-range networks, allowing for greater scalability and resilience. General availability is expected in early Summer 2021.
Silicon Labs (NASDAQ: SLAB) has announced that it will release its financial results for the first quarter of 2021 on April 28, 2021. This will be followed by an earnings conference call at 7:30 a.m. Central Time. Investors can access the webcast on the company's website. A replay of the call will be available until May 5, 2021. Silicon Labs focuses on providing innovative silicon, software, and solutions for various markets, including the Internet of Things and industrial automation.
FAQ
What is the current stock price of Silicon Laboratories (SLAB)?
What is the market cap of Silicon Laboratories (SLAB)?
What does Silicon Laboratories Inc. specialize in?
Where is Silicon Laboratories Inc. headquartered?
What are some recent achievements of Silicon Laboratories Inc.?
How has Silicon Laboratories Inc. performed financially?
What are the core areas of focus for Silicon Laboratories Inc. products?
How many employees does Silicon Laboratories Inc. have?
What awards has Silicon Laboratories Inc. received?
What recent partnerships has Silicon Laboratories Inc. entered?
What is the significance of the xG26 and xG22E families of products?
How can I learn more about Silicon Laboratories Inc.?
