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.
On December 16, 2021, Silicon Labs (NASDAQ: SLAB) unveiled an innovative 3D virtual smart home platform. This interactive platform offers users a self-guided tour of various smart home applications, including home security, automation, and health. It highlights the integration of different protocols and ecosystems essential for modern smart homes. With an emphasis on simplicity and reliability, Silicon Labs aims to lead in the Internet of Things (IoT) sector, adapting to growing consumer needs as new products and partnerships are developed.
On December 9, 2021, Silicon Labs (NASDAQ: SLAB) was awarded the Global Semiconductor Alliance's (GSA) title of 'Most Respected Public Semiconductor Company' for firms with annual sales between $500 million and $1 billion. This recognition marks the sixth win in seven years, reflecting the company's consistent performance and innovative solutions in the semiconductor industry. CEO Tyson Tuttle emphasized the award's significance in recognizing the team's efforts to advance the Internet of Things.
Silicon Labs (NASDAQ: SLAB) announced participation in the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021. CFO John Hollister will engage in a fireside chat at 9:55 a.m. Central Time and conduct virtual investor meetings throughout the day. The presentation will be webcasted on the company’s Investor Relations page. Silicon Labs specializes in secure, intelligent wireless technology designed for various applications.
Silicon Labs (NASDAQ: SLAB) has announced its participation in Wells Fargo's Technology, Media, and Telecom Summit on December 1, 2021. Presenters include Matt Johnson, President, and John Hollister, CFO, who will engage in a fireside chat at 3:40 p.m. Central Time and hold virtual investor meetings.
The presentation will be available via webcast on the Investor Relations page of silabs.com.
Qualcomm's CEO Cristiano Amon has been elected as the 2022 chair of the Semiconductor Industry Association (SIA), which represents 98% of the U.S. semiconductor industry by revenue. Amon, with a robust background in engineering and extensive industry experience, aims to promote growth and innovation in the sector, crucial for national security and economic strength. Matt Johnson, from Silicon Labs, has been appointed as vice chair. Amon's leadership will focus on crucial policies that support the semiconductor industry's importance in technology and the economy.
Silicon Labs (NASDAQ: SLAB) reported robust third-quarter results, with revenue reaching $185 million, a 39% year-on-year increase and a 9% sequential rise. The company completed the divestiture of its Infrastructure and Automotive business to Skyworks Solutions (NASDAQ: SWKS) for $2.75 billion. Non-GAAP diluted earnings per share stood at $0.34, while GAAP diluted loss per share was $(0.45). Looking ahead, the company anticipates fourth quarter revenue between $195-$205 million and has authorized a $400 million stock repurchase program.
Silicon Labs (NASDAQ: SLAB) has announced the release date for its third quarter 2021 financial results, which will be available on October 27, 2021. Following this announcement, an earnings conference call is scheduled for 7:30 a.m. Central Time. Investors can access the call via the company's website. A replay will be available until November 3, 2021, through the investor relations page or via phone.
On September 14, 2021, Silicon Labs (NASDAQ: SLAB) announced the launch of its new sub-1-GHz SoCs, the EFR32FG23 and EFR32ZG23, which offer long-range wireless solutions tailored for IoT applications. These SoCs are designed for efficiency, delivering over a mile of wireless range while using minimal battery power, promising over 10 years of battery life. Key features include advanced modulation support and the incorporation of Secure Vault™ for heightened security. The products are now available for shipping, with kits priced starting at $39.99.
On Sept. 14, 2021, Silicon Labs (NASDAQ: SLAB) announced its new Unify Software Development Kit (SDK), aimed at enhancing interoperability across various IoT ecosystems. The Unify SDK simplifies connectivity by offering ready-made protocol translations for Z-Wave and Zigbee, with future support planned for Bluetooth, Thread, OpenSync, and Matter. This initiative is expected to streamline development for IoT developers, allowing them to maintain a single software code base and easily integrate multiple wireless protocols. As the IoT market grows, this SDK facilitates quicker time-to-market and future-proofing investments.
Silicon Labs (NASDAQ: SLAB) has launched new Security Services aimed at assisting IoT companies in implementing Zero Trust security architectures. This initiative is in response to increasing cybersecurity threats, with IoT security concerns rising by 13% over the past year. The new services include a Custom Part Manufacturing Service (CPMS) and long-term software development kit (SDK) support, enhancing security and product lifecycle management. Notably, malware IoT attacks surged by 59% compared to last year, highlighting the urgent need for these services.
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