Welcome to our dedicated page for Silicon Labs news (Ticker: SLAB), a resource for investors and traders seeking the latest updates and insights on Silicon Labs stock.
About Silicon Labs
Silicon Laboratories Inc. (NASDAQ: SLAB) is a leading provider of secure, intelligent wireless technology, driving innovation in the Internet of Things (IoT) and related industries. Headquartered in Austin, Texas, the company operates globally, delivering integrated hardware and software solutions that simplify the development of connected devices. With a focus on performance, energy efficiency, and security, Silicon Labs empowers developers to build advanced applications across industrial, commercial, home, and life sectors.
Core Business Areas
Silicon Labs specializes in wireless connectivity solutions, offering a comprehensive portfolio of system-on-chips (SoCs), microcontrollers (MCUs), and software tools. Its platforms support a wide range of IoT protocols, including Bluetooth, Zigbee, Thread, and Matter, enabling seamless interoperability and future-proofing device designs. The company’s development tools, such as Simplicity Studio, streamline the product lifecycle, helping customers bring innovative solutions to market quickly and efficiently.
Market Segments
Silicon Labs serves diverse markets, including:
- Industrial Automation: Solutions for smart factories, predictive maintenance, and energy management systems.
- Consumer Electronics: Smart home devices, wearables, and personal health monitors.
- Automotive: Advanced driver-assistance systems (ADAS), in-car connectivity, and energy-efficient vehicle components.
- Commercial Applications: Building automation, retail solutions, and asset tracking systems.
Technological Innovations
Silicon Labs is at the forefront of IoT innovation, leveraging proprietary technologies to address industry challenges:
- Energy Efficiency: The xG22E family of SoCs supports energy harvesting, enabling battery-free IoT applications by utilizing ambient energy sources such as light and motion.
- Multi-Protocol Support: Its platforms are designed for seamless integration of multiple IoT protocols, ensuring interoperability and scalability.
- AI/ML Integration: The Matrix Vector AI/ML hardware accelerator enhances device intelligence while minimizing power consumption, making it ideal for battery-operated devices.
- Security: Silicon Labs’ Secure Vault™ technology provides advanced IoT security, meeting stringent industry standards like PSA Level 3 certification.
Competitive Position
As one of the world’s leading pure-play IoT semiconductor companies, Silicon Labs differentiates itself through its extensive ecosystem support, robust development tools, and commitment to sustainability. The company’s focus on high-performance, low-power solutions positions it as a trusted partner for developers and manufacturers seeking to address complex wireless challenges.
Global Reach
With operations spanning over 20 countries, Silicon Labs generates significant revenue from international markets. Its ability to adapt to diverse regulatory environments and customer needs underscores its global leadership in IoT connectivity.
Value Proposition
Silicon Labs offers unparalleled expertise in wireless technology, providing developers with the tools and support needed to innovate across industries. Its integrated approach to hardware and software, combined with a commitment to energy efficiency and security, ensures that customers can create transformative solutions that improve lives and drive economic growth.
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.
Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology, has announced its participation in Citi's 2024 Global TMT Conference. The event is scheduled for September 4, 2024, at The Lotte New York Palace Hotel in New York City. Matt Johnson, Silicon Labs' President and CEO, will engage in a fireside chat at 3:00 p.m. Eastern Time.
The discussion will be accessible via webcast on the company's Investor Relations page at silabs.com. Silicon Labs is known for its integrated hardware and software platform, intuitive development tools, and robust support, making it a preferred long-term partner for developing advanced industrial, commercial, home, and life applications.
Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology, has announced its participation in three upcoming investor conferences in August 2024. Chief Financial Officer Dean Butler will represent the company at these events:
- August 22: Needham Virtual Semiconductor & SemiCap 1x1 Conference
- August 27: Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago, IL
- August 28: Evercore ISI Semiconductor, IT Hardware & Networking Conference
Silicon Labs is known for its integrated hardware and software platform, intuitive development tools, and robust support for building advanced applications across various sectors. The company aims to simplify complex wireless challenges and accelerate time-to-market for innovative solutions.
Silicon Labs (NASDAQ: SLAB) is set to deliver five global keynotes this fall, focusing on the convergence of AI and IoT in embedded systems. The company will host its Works With 2024 global series of developer conferences in San Jose, Hyderabad, and Shanghai, offering in-person training and insights on IoT trends. Additionally, Silicon Labs will present the opening keynote at the inaugural embedded world North America in Austin, Texas.
Key themes include the state of the IoT market, the critical role of data in AI and IoT, real-world applications of Silicon Labs' technology, and the capabilities of their Series 2 platform. The company will also preview its next-generation Series 3 platform. The keynotes will address the impact of IoT on Generative AI, the evolution of communication standards, post-quantum encryption, and the shift towards real-time operating systems in embedded applications.
Silicon Labs (NASDAQ: SLAB) announced that its MG21 2.4 GHz wireless SoC has been chosen by SONOFF for its new ZBMicro smart switch, a Micro Zigbee USB Smart Adaptor. The ZBMicro, powered by Silicon Labs' MG21 SoC, serves as both a smart switch for USB devices and a Zigbee router, offering remote control capabilities and extending Zigbee network functionality. The MG21 SoC provides advantages such as high output power (up to +20 dBm), robust RF performance, enhanced processing capability, and Secure Vault™ IoT security.
SONOFF's COO, Jerry Shi, praised Silicon Labs as an ideal partner, citing their industry-leading wireless connectivity products. Silicon Labs recently introduced the MG26 multi-protocol wireless SoC, featuring an AI/ML Matrix Math accelerator for faster ML operations with reduced energy consumption, ideal for smart home applications using Zigbee, Matter, and OpenThread protocols.
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