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) 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.
Silicon Labs (NASDAQ: SLAB) will release its second quarter 2020 financial results on July 29, 2020, followed by an earnings conference call at 7:30 a.m. CT. The call will be webcast on the company's investor relations page. A replay will be available after the call until August 29, 2020. Silicon Labs is known for its silicon, software, and solutions aimed at enhancing connectivity across various sectors, including the Internet of Things and industrial automation.