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Silicon Laboratories Inc - SLAB STOCK NEWS

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. (NASDAQ: SLAB) is a prominent player in the semiconductor industry, recognized worldwide for its innovative silicon, software, and system solutions. The company is renowned for fostering a smarter, more connected world through its secure, intelligent wireless technology.

Headquartered in Austin, Texas, Silicon Labs employs over 1,400 team members spread across more than 20 countries. Their focus spans several high-growth markets, including the Internet of Things (IoT), Internet infrastructure, industrial automation, consumer electronics, and automotive sectors. The company operates through a single segment that specializes in mixed-signal analog-intensive products, categorized into Industrial & Commercial, and Home & Life segments, with the Industrial & Commercial category being the primary revenue driver.

Silicon Labs’ award-winning technologies have earned it significant accolades, including being voted the most respected public semiconductor company by the Global Semiconductor Alliance for three of the last four years. This success is driven by their commitment to performance, energy efficiency, and simplicity in their product designs.

Among the company’s recent milestones, a notable partnership with Arduino aims to streamline the development of Matter over Thread applications. This collaboration enables Arduino's 33 million-strong developer community to leverage Silicon Labs' advanced hardware for enhanced security, energy efficiency, and processing power.

On the financial front, Silicon Labs reported strong results for the first quarter ending March 30, 2024, indicating sequential growth driven by progress in end-customer inventory destocking. Despite volatile market conditions, the company continues to anticipate revenue growth, supported by improving bookings and ramping design wins.

Further emphasizing its leadership, Silicon Labs has recently launched the xG26 family of Wireless SoCs and MCUs, designed to support the most demanding emerging IoT applications with enhanced Flash and RAM capacities, and the xG22E family, tailored for energy harvesting applications to enable battery-free IoT devices.

Silicon Labs continues to push the boundaries of IoT innovation, making it easier for developers worldwide to tackle complex wireless challenges and bring advanced industrial, commercial, home, and life applications to market efficiently. For more information, visit their official website at www.silabs.com.

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Silicon Labs offers expert support for Sidewalk development
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Silicon Labs announces next-generation Series 3 platform to create a smarter, more efficient IoT
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Silicon Labs (NASDAQ: SLAB) reported record revenue of $245 million in the second quarter, driven by strength in the Industrial & Commercial end markets. However, weak demand and excess customer inventory impacted the Home & Life business. The company also announced the new dual-band FG28 SoC and opened registration for its fourth annual Works With Conference. Despite the near-term challenges, Silicon Labs remains well-positioned for long-term revenue growth.
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Silicon Labs (NASDAQ: SLAB) plans to release its second quarter 2023 financial results on July 26, 2023. The earnings conference call will be held at 7:30 a.m. Central Time and will be streamed from the Investor Relations section of the company's website. A replay will be available through August 26, 2023.
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FAQ

What is the current stock price of Silicon Laboratories (SLAB)?

The current stock price of Silicon Laboratories (SLAB) is $104.025 as of October 31, 2024.

What is the market cap of Silicon Laboratories (SLAB)?

The market cap of Silicon Laboratories (SLAB) is approximately 3.4B.

What does Silicon Laboratories Inc. specialize in?

Silicon Laboratories Inc. specializes in developing semiconductors, software, and system solutions for various markets, including IoT, Internet infrastructure, industrial automation, consumer electronics, and automotive sectors.

Where is Silicon Laboratories Inc. headquartered?

The company is headquartered in Austin, Texas.

What are some recent achievements of Silicon Laboratories Inc.?

Recently, Silicon Labs partnered with Arduino to enable seamless development of Matter over Thread applications. Additionally, they launched new wireless SoC families like the xG26 and xG22E for advanced IoT and energy harvesting applications.

How has Silicon Laboratories Inc. performed financially?

For the first quarter ending March 30, 2024, Silicon Labs reported strong sequential growth driven by progress in end-customer inventory destocking and expects revenue growth to continue.

What are the core areas of focus for Silicon Laboratories Inc. products?

The core areas include performance, energy efficiency, connectivity, and simplicity in their product designs, particularly within the Industrial & Commercial and Home & Life segments.

How many employees does Silicon Laboratories Inc. have?

Silicon Labs employs over 1,400 team members across more than 20 countries.

What awards has Silicon Laboratories Inc. received?

Silicon Labs has been voted the most respected public semiconductor company by the Global Semiconductor Alliance for three out of the last four years.

What recent partnerships has Silicon Laboratories Inc. entered?

Silicon Labs has recently entered a partnership with Arduino to enhance the development of Matter over Thread applications for the IoT.

What is the significance of the xG26 and xG22E families of products?

The xG26 family supports demanding IoT applications with enhanced Flash and RAM, while the xG22E family is designed for ultra-low power and energy harvesting applications, enabling battery-free devices.

How can I learn more about Silicon Laboratories Inc.?

You can visit their official website at www.silabs.com for more information.

Silicon Laboratories Inc

Nasdaq:SLAB

SLAB Rankings

SLAB Stock Data

3.41B
32.29M
2.06%
100.53%
6.01%
Semiconductors
Semiconductors & Related Devices
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United States of America
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