Silicon Labs Stock Price, News & Analysis

Silicon Labs (NASDAQ: SLAB) has promoted Matt Johnson to president, effective immediately. Johnson, who previously served as senior vice president and general manager of IoT Products, is expected to bolster the company's growth in intelligent connectivity and the Internet of Things (IoT) sector. Under his leadership, the organization aims to capitalize on a $10 billion market opportunity by 2023. CEO Tyson Tuttle expressed confidence in Johnson's ability to manage day-to-day operations and enhance the company's product development initiatives.

Skyworks Solutions (Nasdaq: SWKS) has announced an all-cash acquisition of Silicon Laboratories’ (Nasdaq: SLAB) Infrastructure & Automotive business for $2.75 billion. This strategic move enhances Skyworks' capabilities in high-growth sectors such as electric vehicles, industrial control, and 5G infrastructure, aiming to tap into a combined market opportunity of nearly $20 billion annually. The acquisition is expected to close in Q3 2021, subject to regulatory approvals, and will bolster Skyworks' revenue and margin growth by integrating approximately 350 new employees and technologies into its operations.

Silicon Labs (NASDAQ: SLAB) has announced its new Wi-SUN technology, aimed at enhancing IoT applications and smart city development. This solution integrates the EFR32 hardware platform with an advanced IPv6 mesh stack, promoting secure wireless connectivity for various applications including advanced metering and street lighting. Certified by the Wi-SUN Alliance, the technology is designed for large-scale, long-range networks, allowing for greater scalability and resilience. General availability is expected in early Summer 2021.

Silicon Labs (NASDAQ: SLAB) has announced that it will release its financial results for the first quarter of 2021 on April 28, 2021. This will be followed by an earnings conference call at 7:30 a.m. Central Time. Investors can access the webcast on the company's website. A replay of the call will be available until May 5, 2021. Silicon Labs focuses on providing innovative silicon, software, and solutions for various markets, including the Internet of Things and industrial automation.

Silicon Labs (NASDAQ: SLAB) has achieved the world's first PSA Certified Level 3 status for its Secure Vault technology, marking a significant advancement in IoT security solutions. This certification, recognized for delivering top-tier hardware and software protection, enhances defenses against both software and hardware attacks. According to the company, this milestone solidifies its leadership in IoT security, which is crucial as the threat landscape evolves. Secure Vault, launched in 2020, includes features designed to address rising IoT security challenges and ensures authenticity and protection of devices.

Silicon Labs (NASDAQ: SLAB) released its 2020 Annual Report to Shareholders and 2021 Proxy Statement on March 10, 2021. The reports are available on the company’s Investor Relations page. Shareholders can request hard copies by calling or emailing the company. Silicon Labs specializes in silicon, software, and solutions focusing on performance, energy efficiency, connectivity, and ease of use in various sectors including IoT and automotive. These documents provide insights into the company’s activities, financial results, and governance.

Silicon Labs (NASDAQ: SLAB) has announced participation in two upcoming investor conferences. The events include Morgan Stanley's Technology, Media and Telecom Conference on March 3rd at 3:30 p.m. ET, and William Blair's Tech Innovators Conference on March 11th at 12:00 p.m. ET. Both presentations will be available for webcast on the company's Investor Relations page. Silicon Labs specializes in silicon and software solutions, impacting sectors like IoT, industrial automation, and automotive markets.

Silicon Labs (NASDAQ: SLAB) reported record financial results for Q4 2020, with revenue reaching $242.9 million, up from $221.3 million in Q3. Full-year revenue grew to $886.7 million, marking a 6% increase from 2019. IoT segment revenue led the growth, totaling $147.4 million. GAAP diluted EPS for Q4 was $0.20, and non-GAAP diluted EPS was $0.84. The company expects Q1 2021 revenue between $237 and $247 million and maintains a strong outlook for continued growth in the IoT sector.

Silicon Labs (NASDAQ: SLAB) has partnered with Edge Impulse to enhance machine learning (ML) development on its EFR32 wireless SoCs and EFM32 microcontrollers. This collaboration simplifies the implementation of complex ML tasks, such as motion detection and sound recognition, making it accessible for developers of low-power devices. The integration allows for rapid deployment of ML models to devices via Simplicity Studio. This initiative aims to accelerate the growth of IoT applications and improve development efficiency, addressing challenges where 87% of data science projects fail to reach production.