Silicon Labs Stock Price, News & Analysis

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.

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.