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.
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 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 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 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.
Silicon Labs (NASDAQ: SLAB) and Yeelight announced a collaboration on the new Yeelight Smart LED Bulb M2, designed for seamless integration with the Google Home app. The M2 bulb, featuring Silicon Labs' Bluetooth BG21 SoC, offers reliable wireless connectivity and allows users to control lighting via voice commands through Google Assistant. It supports multi-color effects and has a brightness of up to 1000 ml. This partnership addresses growing consumer demand for intuitive smart home devices. The M2 bulb will be showcased at CES 2021.
On January 8, 2021, Silicon Labs (NASDAQ: SLAB) announced plans to release its fourth quarter 2020 financial results on February 3, 2021. The earnings conference call will commence at 7:30 a.m. Central Time and will be accessible via live webcast on its investor relations website. A replay of the call will be available until March 3, 2021, through the company's website or by phone. Silicon Labs continues to focus on providing innovative silicon, software, and solutions for various markets, including IoT and industrial automation.