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.
Silicon Laboratories Inc. develops low-power wireless connectivity and embedded technology for device makers building edge applications. Its news commonly covers integrated SoCs, development ecosystems and security features used in smart home, industrial IoT, smart cities, connected access, tire monitoring and fleet-related applications.
Company updates also address customer selections and partner deployments for products such as BG22 Bluetooth LE SoCs, MG24 multiprotocol wireless SoCs and Secure Vault technology, along with wireless R&D expansion, technical leadership, operating results, shareholder voting matters and capital-structure disclosures.
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.
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.
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.
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.