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.
Silicon Labs (NASDAQ: SLAB) drives innovation in secure, energy-efficient wireless solutions for the Internet of Things. This news hub provides official updates and analysis on the company's semiconductor advancements, strategic partnerships, and market leadership in connected technologies.
Access real-time information on SLAB's product launches, financial performance, and IoT ecosystem developments. Our curated news collection helps stakeholders track innovations in wireless SoCs, industrial automation solutions, and smart home technologies while monitoring competitive positioning in the semiconductor sector.
Key updates include earnings disclosures, R&D breakthroughs in low-power connectivity, and cross-industry collaborations. Bookmark this page for verified information on SLAB's progress in standardizing Matter protocol adoption and enhancing AI-accelerated edge computing capabilities across its product lines.
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.
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.
SensiML Corporation, a leading AI tool developer for IoT endpoints, announces its participation in the Works With 2021 conference, hosted by Silicon Labs on September 14-15. SensiML will sponsor and lead a hands-on workshop on September 15, focusing on integrating Predictive Maintenance in smart building devices using TinyML. The event gathers industry leaders to share insights on smart home, smart city, and IIoT products. Attendees will engage in practical sessions and connect with experts.
On Sept. 10, 2021, Silicon Labs (NASDAQ: SLAB) announced its participation in the 2021 Citi Global Technology Conference on Sept. 13. CEO Tyson Tuttle and CFO John Hollister will present at 3:20 p.m. Central Time in a fireside chat format, accompanied by virtual investor meetings on the same day. The presentation will be available via webcast on the Investor Relations page of Silicon Labs' website.
Silicon Labs (NASDAQ: SLAB) announced a panel discussion at Works With 2021 on the global semiconductor shortage, featuring experts from the Global Semiconductor Alliance and Advanced Semiconductor Engineering. The panel, titled "When Your Chips Are Down," will explore the causes of the shortage and strategies to enhance supply chain resilience. Matt Johnson, President of Silicon Labs, highlighted the semiconductor's critical role in the economy. The event takes place on September 15, with registration available online.
Silicon Labs (NASDAQ: SLAB) announced its participation in the Works With 2021 conference on Sept. 14-15, featuring keynote speakers from major companies including Amazon, Google, and IKEA. The event is focused on the Internet of Things (IoT) and will highlight the Matter protocol which aims to simplify product development and increase consumer compatibility. The event is free and targets engineers and developers, fostering collaboration in the IoT ecosystem.
Silicon Labs (Nasdaq: SLAB) announced the final results of its modified Dutch auction tender offer that ended on August 30, 2021. A total of 3,994,545 shares were tendered at a purchase price of $160.00 per share, totaling $639,127,200. This buyback represents 8.9% of the company's outstanding shares. Following this, Silicon Labs plans to return approximately $1.36 billion to shareholders from proceeds of divesting its infrastructure and automotive segments through special dividends and/or additional share repurchases.
Silicon Labs (Nasdaq: SLAB) announced the preliminary results of its modified Dutch auction tender offer, which concluded on August 30, 2021. Approximately 4,148,034 shares were tendered at or below the purchase price of $160.00 per share, totaling about $663.7 million. This buyback represents 9.3% of outstanding shares. Following this, Silicon Labs plans to return around $1.34 billion from its divestiture of its infrastructure and automotive lines to shareholders via special dividends and share repurchases. The final number of shares and purchase price are subject to confirmation.
Silicon Labs (NASDAQ: SLAB) announced keynotes for the upcoming Works With 2021 IoT conference on September 14-15. The session titled "The Future of Smart Cities Powered by IoT" will explore innovative solutions for smart city infrastructure, energy efficiency, and climate resilience. Notable speakers include Austin's Mayor Steve Adler and City Manager Spencer Cronk, alongside experts from Landis + Gyr and Google's X. The discussion will highlight IoT's role in enhancing critical infrastructure amidst climate challenges.
Silicon Labs (NASDAQ: SLAB) announced a panel on IoT security at the virtual Works With 2021 conference. The session titled Smart Home Security and the User Experience will include experts from ioXt Alliance and X-Force Red IBM Security. They will discuss the growing number of smart home security solutions, interoperability issues, and the technology securing these devices. With over 40% of smart homes having at least one vulnerable device, this panel aims to enhance consumer safety. The session will take place on September 14, 2021, at 1:45 PM CDT.
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