Silicon Labs Drives IoT Industry Forward in 2020

Rhea-AI Summary

Silicon Labs (NASDAQ: SLAB) concluded 2020 with notable achievements amid global challenges, particularly the COVID-19 pandemic. The company introduced its Secure Vault, enhancing IoT security, and launched Bluetooth Low Energy 5.2 SoCs. Silicon Labs also expanded its wireless offerings through the acquisition of Redpine Signals and facilitated 5G small cell rollouts. The company garnered multiple awards, including a Gold Medal for Secure Vault and was recognized for its commitment to community support during the pandemic. Executive leadership also received accolades, affirming the company's strategic direction.

Positive

• Launched Secure Vault with ARM's PSA Level 2 security certification and ioXt Alliance certification.
• Introduced Bluetooth Low Energy 5.2 SoCs with ten-year battery life and mesh networking capabilities.
• Acquired Redpine Signals to enhance wireless technology offerings.
• Expanded 5G capabilities with a new Power over Ethernet portfolio.
• Hosted successful Works With Smart Home Developer Conference attracting 6,000 registrants.
• Received multiple industry awards for product innovations and leadership.

Negative

• None.

AUSTIN, Texas, Dec. 18, 2020 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, is closing out 2020 with industry-leading achievements and innovations. Facing unprecedented global challenges, Silicon Labs leveraged its award-winning technology and talent to navigate the COVID-19 pandemic, helping millions of people around the world make the shift to working remotely and living socially distanced lives. The company also tapped its global sites, teams and resources to deliver support to communities.

"2020 was filled with many challenges, but also significant opportunities," said Megan Lueders, chief marketing officer of Silicon Labs. "In the face of uncertainty unlike anything we've seen in our lifetime, our global team rallied around our vision and values to uplift and support one another, our partners and customers, and the communities we live in. We are inspired by our team's ability to stay focused and achieve so much together, despite circumstances beyond our control. How we dealt with 2020 fills us with pride and gratitude."

Silicon Labs' global workforce took time to express their gratitude during this extraordinary year, capturing it in a video montage here.

Key Company Achievements

• Redefined IoT security with the launch of Secure Vault, a suite of state-of-the-art security features designed to help device makers effectively address escalating IoT security threats and regulatory pressures. Silicon Labs' Secure Vault products are the world's first radios to earn ARM's PSA Level 2 security certification. Secure Vault also received SmartCert security certification from the ioXt Alliance, a global standard for IoT security.
• Introduced a new line of Bluetooth Low Energy 5.2 SoCs, SiPs, modules and NCPs featuring cutting-edge security and best-in-class-performance with attributes that include enabling ten-year battery life on a coin cell, mesh networking capability and sub-one-meter direction finding accuracy.
• Expanded the company's wireless portfolio with the acquisition of Redpine Signals, a leader in low-power Wi-Fi connectivity solutions including Wi-Fi 6 technology.
• Facilitated the rollout of 5G small cells with the launch of a comprehensive Power over Ethernet (PoE) portfolio.
• Welcomed 6,000 global registrants to Silicon Labs' first-ever Works With Smart Home Developer Conference. Works With featured the industry's largest smart home ecosystems including Amazon, Comcast and Google with 40 technical sessions, 12 hands-on workshops and six keynotes. Replays of all sessions are available here.
• Announced a collaboration with Amazon to support Amazon Sidewalk, a shared network created by neighbors to help wireless devices work better both at home and beyond the front door.
• Joined the WI-SUN Alliance to accelerate the adoption of this compelling standards-based, long range smart city IoT connectivity mesh networking solution.
• Released Simplicity Studio 5, a major update to our free to use IoT developer environment.
• Became a founding member of the Z-Wave Alliance's independent, nonprofit Standards Development Organization (SDO) to help expand advancement of Z-Wave as an open standard for smart home and IoT solutions.

Company and Product Innovation Awards

• Secure Vault won a LEAP (Leadership in Engineering Achievement Program) Gold Medal for best-in-class IoT device security
• Electronics Maker's Best of Industry Award for Best Wireless Semiconductor
• Aspencore's World Electronics Achievement Award for Wireless Gecko SoCs
• Embedded Computing Design's Best in Show for Microcontrollers, Microprocessors & IP
• China Electronic News' Best MCU Product/Solution for IoT

Community and Workplace Culture Achievements

• In addition to the 1% of profits Silicon Labs annually directs to nonprofit organizations around the world, the company focused its efforts this year on COVID-19 relief Contributions around the world to organizations including the All Together ATX Fund, the Austin Community Foundation, Doctors Without Borders, Give2Asia, the Home Nursing Foundation, Red Cross, and Save the Children
• Silicon Labs offers every US-based employee up to $2,000 annually in matching gifts for charitable contributions
• Prioritized product shipments of Silicon Labs technology used in potentially life-saving smart medical devices like pulse oximeters, ventilators, blood glucose monitors and social distancing wearables to help fight the spread of COVID-19
• Signed an open letter to take actions that advance racial justice, denounce racism and commit to real, sustained action and progress. As part of that effort, Silicon Labs granted $100,000 to Notley Tide, a collaborative nonprofit project that funds five racial justice organizations and provides the infrastructure for advocacy, volunteering and education
• Maintained Great Place to Work certification, validating Silicon Labs' commitment to building and maintaining a strong employee culture
• Named a top 10 Austin workplace in Hired's 4^th Annual Brand Health Report.
• Made the Austin American-Statesman's Top Workplaces 2020 list
• Launched the "#ieatlocal" campaign, giving $15 to all Silicon Labs employees worldwide to spend at their favorite local restaurant as a way of providing support during the pandemic.
• Increased support for equity in (Science, Technology, Engineering, and Math) STEM education and career paths through significant grants to Code2College, a nonprofit whose mission is to dramatically increase the number of minority and low-income high school students who enter and excel in STEM undergraduate majors and careers
• Successfully adapted traditionally in-person employee engagements to virtual, including Silicon Labs' annual Global Month of Service, where employees may use their 24-hours of paid volunteering time off to engage in individual or group volunteering opportunities

Executive Achievements

• CEO Tyson Tuttle was named an Outstanding CEO at elecfans' 2020 IoT Innovation Awards 
• Chief legal officer Nestor Ho was named in Diligent's Modern Governance 100, a list of 100 general counsels and corporate secretaries who have most effectively demonstrated resilience, dedication and empathy in the face of a complex and ever-changing world
• Chief marketing officer Megan Lueders was honored with an Austin Business Journal 2020 Profile in Power
• Serena Townsend was promoted to chief people officer in September after serving as vice president of human resources

About Silicon Labs
Silicon Labs (NASDAQ: SLAB) is a leading provider of silicon, software and solutions for a smarter, more connected world. Our award-winning technologies are shaping the future of the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets. Our world-class engineering team creates products focused on performance, energy savings, connectivity and simplicity. silabs.com

Cautionary Language
This press release may contain forward-looking statements based on Silicon Labs' current expectations. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. For a discussion of factors that could impact Silicon Labs' financial results and cause actual results to differ materially from those in the forward-looking statements, please refer to Silicon Labs' filings with the SEC. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Note to editors: Silicon Labs, Silicon Laboratories, the "S" symbol, the Silicon Laboratories logo and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.

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SOURCE Silicon Labs

FAQ

What are the key achievements of Silicon Labs in 2020?

Silicon Labs launched Secure Vault, introduced Bluetooth Low Energy 5.2 SoCs, and acquired Redpine Signals, enhancing its wireless portfolio.

How has Silicon Labs contributed to COVID-19 relief?

The company prioritized the shipment of technology for life-saving medical devices and directed profits to nonprofit organizations for COVID-19 relief.

What awards did Silicon Labs receive in 2020?

Silicon Labs received the Gold Medal for Secure Vault, Best of Industry Award for Best Wireless Semiconductor, and multiple other accolades.

What is the significance of the Secure Vault launched by Silicon Labs?

Secure Vault is designed to address rising IoT security threats and has received top security certifications.

What innovation did Silicon Labs introduce for the smart home market?

Silicon Labs hosted the Works With Smart Home Developer Conference, featuring leading smart home ecosystems and technical sessions.