Silicon Labs Stock Price, News & Analysis

Silicon Labs (NASDAQ: SLAB) has announced the promotion of Serena Townsend to senior vice president and chief people officer, effective immediately. Townsend, who joined in February 2017, will oversee the company's global talent strategy and inclusive culture. Lori Knowlton, the outgoing chief people officer, is leaving to focus on family and personal interests. CEO Tyson Tuttle expressed gratitude for Knowlton's contributions to the company's culture. Townsend's leadership is expected to enhance employee initiatives and diversity efforts amid ongoing challenges.

On September 21, 2020, Silicon Labs (NASDAQ: SLAB) announced a collaboration with Amazon to enhance IoT connectivity through the Amazon Sidewalk network. This shared network allows devices to communicate over Wi-Fi, improving their functionality both at home and in the neighborhood. Silicon Labs will provide wireless solutions that support various protocols, ensuring secure communication for IoT products. Future enhancements aim to offer improved device experiences while prioritizing user privacy and security. The collaboration supports the growing demand for connected devices and smart home solutions.

Silicon Labs has launched Simplicity Studio 5, a major upgrade to its Integrated Developer Environment (IDE), enhancing support for multiple wireless protocols. This update aims to simplify and accelerate the development of IoT devices, significantly reducing development time and optimizing resource accessibility. Key features include a modern user interface, improved performance, and advanced security measures. Simplicity Studio 5 was introduced during the Works With conference held on September 9-10, 2020, showcasing its capabilities for smart home and other IoT applications.

Silicon Labs (NASDAQ: SLAB) has expanded its Bluetooth Low Energy portfolio with the launch of the BGM220S and BGM220P modules, enhancing performance and flexibility for IoT developers. The BGM220S is one of the smallest SiPs globally, offering low cost and up to ten years of battery life. Silicon Labs emphasizes its leadership in Bluetooth 5.2 solutions, which have gained significant market adoption in various applications. Furthermore, their products feature advanced security protections and are optimized for power efficiency, making them ideal for battery-operated devices.

Silicon Labs (NASDAQ: SLAB) has announced that its Secure Vault technologies, aimed at enhancing IoT device security, have received third-party certifications from PSA Certified and ioXt Alliance. The EFR32MG21B multiprotocol wireless SoCs are the first to achieve PSA Certified Level 2 accreditation, ensuring robust security against scalable software attacks. The new Secure Vault suite features advanced security mechanisms designed to protect connected devices amid rising cyber threats. The xG22 Thunderboard development kit also earned SmartCert status, streamlining certification for manufacturers.

On August 27, 2020, Silicon Labs (NASDAQ: SLAB) announced the addition of notable keynote speakers for its upcoming Works With 2020 smart home technology conference, taking place on September 9-10, 2020. Highlights include Jamie Siminoff, founder of Ring, discussing the Ring ecosystem and Amazon's Sidewalk initiative. The event features other industry leaders from Amazon, Google, and Comcast, focusing on advancements in smart home technology. Registration is free, and on-demand replays will be available for attendees.

Silicon Labs (NASDAQ: SLAB) announces the Works With 2020 smart home technology conference, scheduled for September 9-10. This free online event will educate engineers and developers on creating IoT solutions compatible with various smart home ecosystems. Key speakers include experts from Silicon Labs, Google, and Comcast. The conference will feature technical training, hands-on workshops, and discussions on the latest industry trends. With the growing demand for connected devices, this event aims to enhance the skills of IoT developers and enhance collaboration across the ecosystem.

On August 10, 2020, Silicon Labs (NASDAQ: SLAB) announced its participation in two upcoming investor conferences. The presentations will take place during KeyBanc Capital Markets' Future of Technology Series on August 13th at 2:00 p.m. ET and at Citi's 2020 Global Technology Virtual Conference on September 9th at 5:10 p.m. ET. Both sessions will be available via webcast on the company’s Investor Relations page. Silicon Labs specializes in silicon, software, and solutions across various markets, including the Internet of Things and industrial automation.

Silicon Labs (SLAB) reported second quarter 2020 earnings, with revenue at $207.5 million, slightly down from $214.9 million in Q1. GAAP diluted EPS was $(0.04), while non-GAAP diluted EPS reached $0.74. IoT revenue fell 3% sequentially and 8% year-on-year to $115.1 million. Infrastructure and Automotive revenue decreased 5% sequentially but increased 13% year-on-year to $92.5 million. The company anticipates Q3 revenue between $208 million and $218 million. New product lines and operational integrations were highlighted, despite pandemic challenges.