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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Silicon Laboratories's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Silicon Laboratories's position in the market.
Rhea-AI Summary
Silicon Labs reported strong sequential revenue growth in the first quarter of 2024, driven by progress in end-customer inventory destocking. The company expects revenue growth to accelerate in the second quarter as excess inventory is further reduced, bookings improve, and design wins continue to ramp. Financial highlights include a total revenue of $106 million, with Industrial & Commercial revenue at $65 million and Home & Life revenue at $41 million. The company announced key leadership appointments and introduced the xG26 family of wireless SoC's and MCU's, designed to future-proof the IoT against demanding applications. Silicon Labs expects second-quarter revenue between $135 to $145 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.89%
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Rhea-AI Summary
Silicon Labs appoints industry veteran Bob Conrad as Senior Vice President of Worldwide Operations, bringing over 40 years of experience in the semiconductor industry to the role. Conrad's leadership will enhance Silicon Labs' global operations and supply chain capabilities. The company aims to scale operations under his guidance to seize market opportunities.
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Rhea-AI Sentiment
End-of-Day
-8.89%
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Rhea-AI Summary
Silicon Labs announced the xG22E family of Wireless SoCs, their most energy-efficient to date, designed for battery-free IoT applications. The new family enables IoT device makers to create high-performance wireless devices that harvest energy from external sources. Silicon Labs also partnered with e-peas to develop energy harvesting shields for the xG22E Explorer Kit, tailored for different energy sources. The xG22E family addresses the challenge of powering low-complexity IoT devices through energy harvesting, offering features like ultra-fast cold start, power-efficient deep sleep, and multiple wake-up options. Energy harvesting technologies provide benefits like reduced energy costs, elimination of battery dependence, and reduced carbon footprint, making IoT applications more sustainable.
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Rhea-AI Sentiment
End-of-Day
3.41%
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Silicon Labs (NASDAQ: SLAB) has appointed Radhika Chennakeshavula as Chief Information Officer (CIO) to lead their digital transformation strategy, IT operations, enterprise applications, and data analytics. Chennakeshavula brings extensive experience from Western Digital and Micron Technology, with a focus on providing high-quality IT services for mission-critical functions. She holds master's degrees in Business Analytics and Computer Science, indicating a strong educational background.
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End-of-Day
-1.97%
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Silicon Labs (SLAB) announces plans to release first quarter 2024 financial results and earnings conference call. The company is a leader in secure, intelligent wireless technology for various applications, offering integrated hardware and software solutions. The call will be streamed on the company's website with a replay available until May 24, 2024.
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Rhea-AI Sentiment
End-of-Day
-3.71%
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Silicon Labs (SLAB) announces the xG26 family of Wireless SoCs and MCUs, featuring doubled Flash, RAM, and GPIO capacity compared to previous models. The devices are designed to future-proof IoT against demanding applications like Matter, with enhanced performance, AI/ML hardware acceleration, and best-in-class security.
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Rhea-AI Sentiment
End-of-Day
2.33%
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Silicon Labs (SLAB) releases its 2023 Annual Report to Shareholders and 2024 Proxy Statement, along with the 2023 Corporate Sustainability Report. The company is a leader in secure, intelligent wireless technology, offering integrated hardware and software solutions for various applications.
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Rhea-AI Sentiment
End-of-Day
3.23%
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News
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Silicon Labs' solutions have been chosen by smart lock pioneers Nuki and U-tec for the world's first native Matter-over-Thread smart locks, showcasing the companies' commitment to innovation and security in the smart home sector.
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Rhea-AI Sentiment
End-of-Day
1.89%
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Silicon Labs (SLAB) to present at the Morgan Stanley Technology, Media & Telecom Conference. Matt Johnson, President and CEO, and Giovanni Pacelli, Senior Director of Finance, will participate in a fireside chat on March 5, 2024. Silicon Labs is a leader in secure wireless technology, offering integrated hardware and software solutions for various applications.
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End-of-Day
-0.83%
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Silicon Labs (SLAB) appoints Dean Butler as Senior Vice President and Chief Financial Officer, effective May 15, 2024. Butler brings extensive semiconductor industry experience and a strong financial background from companies like Synaptics, Marvell Technology, and Broadcom. His appointment aims to drive financial growth and operational excellence at Silicon Labs.
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0.01%
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Silicon Laboratories Inc
Nasdaq:SLAB
SLAB Rankings
SLAB Stock Data
4.05B
31.29M
1.88%
104.27%
4.88%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
AUSTIN
About SLAB
silicon labs 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. headquartered in austin, silicon labs has more than 1,400 team members in over 20 countries creating products focused on performance, energy savings, connectivity and simplicity. we're passionate about what we do and are proud that the global semiconductor alliance voted us the most respected public semiconductor company for three of the last four years. connect with us at silabs.com.