Silicon Labs Stock Price, News & Analysis

Skyworks Solutions, Inc. (Nasdaq: SWKS) has finalized its acquisition of Silicon Laboratories Inc.'s (Nasdaq: SLAB) Infrastructure & Automotive business for $2.75 billion in cash. This strategic move aims to enhance Skyworks' portfolio in key sectors like electric vehicles and 5G infrastructure.

CEO Liam K. Griffin expressed confidence in the acquisition, emphasizing the diverse customer base it brings. The deal is expected to accelerate growth in various critical segments, while integrating the new assets and workforce will be crucial for realizing anticipated benefits.

Silicon Labs (NASDAQ: SLAB) has announced its plans to release financial results for the second quarter of 2021 on July 28, 2021, accompanied by an earnings conference call at 7:30 a.m. Central Time. The call will be accessible via webcast on the company’s investor relations page. A replay of the call will be available until August 5, 2021.

With a focus on solutions for the Internet of Things, Silicon Labs continues to shape connectivity and performance across various markets, including consumer and automotive sectors.

Silicon Labs (NASDAQ: SLAB) will host its second annual Works With 2021 Conference from September 14-15, focusing on IoT advancements in smart home, smart cities, and IIoT. Following the success of 2020's event, which attracted over 6,000 global attendees, this year’s conference will feature industry leaders and over 60 workshops aimed at developers and business leaders. The event emphasizes practical training and insights into future IoT trends. Registration is free and now open.

AUSTIN, Texas, June 3, 2021 /PRNewswire/ -- A panel of smart home experts, moderated by Stacey Higginbotham, will analyze Matter (formerly Project CHIP) on June 8, 2021. The discussion will cover Matter's role in enhancing connectivity, interoperability, and security in IoT. The Connectivity Standards Alliance emphasizes Matter's potential to unify IoT ecosystems, simplifying product development for smart home applications. Experts from relevant companies including Silicon Labs will participate, highlighting both advantages and challenges of adopting this new standard.

Silicon Labs (NASDAQ: SLAB), a leading provider of silicon, software, and solutions, announced its participation in three upcoming investor conferences. The company will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 26 at 5:55 p.m. ET, the Cowen Technology, Media and Telecom Conference on June 2 at 9:50 a.m. ET, and the Stifel Cross Sector Insight Conference on June 9. All presentations will be available via webcast on the company's Investor Relations page.

Silicon Labs (NASDAQ: SLAB) announced its new wireless solutions for Matter end products, supporting Thread, Wi-Fi, and Bluetooth protocols. Matter aims to create a unified standard for IoT connectivity, enhancing user experience across smart home and commercial applications, including security, HVAC, and lighting. The company contributes over 20% of Matter's source code, focusing on secure, reliable, and simple IoT communication. Their Secure Vault technology bolsters security measures against breaches. The company leverages two decades of expertise in wireless solutions to aid developers in innovating connected products.

Silicon Labs (NASDAQ: SLAB) reported strong Q1 2021 results with revenue hitting $255.5 million, surpassing the forecast and up from $242.9 million in Q4 2020. IoT revenue reached $158.2 million, a 34% year-on-year increase. GAAP diluted EPS stood at $0.29, while non-GAAP EPS was $0.91. The company announced the sale of its Infrastructure & Automotive business to Skyworks Solutions (NASDAQ: SWKS) for $2.75 billion in cash, focusing on IoT growth. Expected Q2 revenue ranges between $262 to $272 million.

Silicon Labs (NASDAQ: SLAB) has appointed Daniel Cooley as its new Chief Technology Officer. Cooley, who has been with the company since 2005, previously served as chief strategy officer and has a strong background in IoT technology. In his new role, he will lead the company's research and development strategy, focusing on wireless connectivity and IoT market opportunities. Cooley takes over from Alessandro Piovaccari, who transitions to a technical advisory role after 18 years of service. This leadership change is expected to accelerate Silicon Labs' growth in the expanding IoT market.

Silicon Labs has entered into a definitive agreement to sell its Infrastructure and Automotive (I&A) business to Skyworks Solutions for $2.75 billion in cash. This strategic move is aimed at enhancing Silicon Labs' focus on the IoT market, anticipated to accelerate growth opportunities. Following the transaction, the company plans to return approximately $2.0 billion to shareholders through dividends and share repurchases. Additionally, Silicon Labs reported expected Q1 revenue of $255 million, a 19% increase year-over-year.