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.
Silicon Labs (NASDAQ: SLAB) has announced a strategic partnership with Teledyne e2v HiRel to develop a new line of high reliability isolation products aimed at the aerospace and defense sectors. The collaboration will utilize Silicon Labs’ Si827x isolated gate driver technology, enhancing power systems for satellite communications and other demanding applications. The new product line is expected to launch in Q4 2020, offering robust solutions that improve performance and noise immunity for advanced systems.
Silicon Labs (NASDAQ: SLAB) has scheduled its third quarter 2020 financial results release for October 28, 2020. The release will be followed by an earnings conference call at 7:30 a.m. Central Time, which will be accessible via webcast on their Investor Relations page. A replay of the call will be available until November 28, 2020, through specified phone numbers and the investor page.
Silicon Labs (NASDAQ: SLAB) has announced the promotion of Serena Townsend to senior vice president and chief people officer, effective immediately. Townsend, who joined in February 2017, will oversee the company's global talent strategy and inclusive culture. Lori Knowlton, the outgoing chief people officer, is leaving to focus on family and personal interests. CEO Tyson Tuttle expressed gratitude for Knowlton's contributions to the company's culture. Townsend's leadership is expected to enhance employee initiatives and diversity efforts amid ongoing challenges.
On September 21, 2020, Silicon Labs (NASDAQ: SLAB) announced a collaboration with Amazon to enhance IoT connectivity through the Amazon Sidewalk network. This shared network allows devices to communicate over Wi-Fi, improving their functionality both at home and in the neighborhood. Silicon Labs will provide wireless solutions that support various protocols, ensuring secure communication for IoT products. Future enhancements aim to offer improved device experiences while prioritizing user privacy and security. The collaboration supports the growing demand for connected devices and smart home solutions.
Silicon Labs has launched Simplicity Studio 5, a major upgrade to its Integrated Developer Environment (IDE), enhancing support for multiple wireless protocols. This update aims to simplify and accelerate the development of IoT devices, significantly reducing development time and optimizing resource accessibility. Key features include a modern user interface, improved performance, and advanced security measures. Simplicity Studio 5 was introduced during the Works With conference held on September 9-10, 2020, showcasing its capabilities for smart home and other IoT applications.
Silicon Labs (NASDAQ: SLAB) has expanded its Bluetooth Low Energy portfolio with the launch of the BGM220S and BGM220P modules, enhancing performance and flexibility for IoT developers. The BGM220S is one of the smallest SiPs globally, offering low cost and up to ten years of battery life. Silicon Labs emphasizes its leadership in Bluetooth 5.2 solutions, which have gained significant market adoption in various applications. Furthermore, their products feature advanced security protections and are optimized for power efficiency, making them ideal for battery-operated devices.
Silicon Labs (NASDAQ: SLAB) has announced that its Secure Vault technologies, aimed at enhancing IoT device security, have received third-party certifications from PSA Certified and ioXt Alliance. The EFR32MG21B multiprotocol wireless SoCs are the first to achieve PSA Certified Level 2 accreditation, ensuring robust security against scalable software attacks. The new Secure Vault suite features advanced security mechanisms designed to protect connected devices amid rising cyber threats. The xG22 Thunderboard development kit also earned SmartCert status, streamlining certification for manufacturers.
On August 27, 2020, Silicon Labs (NASDAQ: SLAB) announced the addition of notable keynote speakers for its upcoming Works With 2020 smart home technology conference, taking place on September 9-10, 2020. Highlights include Jamie Siminoff, founder of Ring, discussing the Ring ecosystem and Amazon's Sidewalk initiative. The event features other industry leaders from Amazon, Google, and Comcast, focusing on advancements in smart home technology. Registration is free, and on-demand replays will be available for attendees.
Silicon Labs (NASDAQ: SLAB) announces the Works With 2020 smart home technology conference, scheduled for September 9-10. This free online event will educate engineers and developers on creating IoT solutions compatible with various smart home ecosystems. Key speakers include experts from Silicon Labs, Google, and Comcast. The conference will feature technical training, hands-on workshops, and discussions on the latest industry trends. With the growing demand for connected devices, this event aims to enhance the skills of IoT developers and enhance collaboration across the ecosystem.
On August 10, 2020, Silicon Labs (NASDAQ: SLAB) announced its participation in two upcoming investor conferences. The presentations will take place during KeyBanc Capital Markets' Future of Technology Series on August 13th at 2:00 p.m. ET and at Citi's 2020 Global Technology Virtual Conference on September 9th at 5:10 p.m. ET. Both sessions will be available via webcast on the company’s Investor Relations page. Silicon Labs specializes in silicon, software, and solutions across various markets, including the Internet of Things and industrial automation.
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