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) announced that its MG21 2.4 GHz wireless SoC has been chosen by SONOFF for its new ZBMicro smart switch, a Micro Zigbee USB Smart Adaptor. The ZBMicro, powered by Silicon Labs' MG21 SoC, serves as both a smart switch for USB devices and a Zigbee router, offering remote control capabilities and extending Zigbee network functionality. The MG21 SoC provides advantages such as high output power (up to +20 dBm), robust RF performance, enhanced processing capability, and Secure Vault™ IoT security.
SONOFF's COO, Jerry Shi, praised Silicon Labs as an ideal partner, citing their industry-leading wireless connectivity products. Silicon Labs recently introduced the MG26 multi-protocol wireless SoC, featuring an AI/ML Matrix Math accelerator for faster ML operations with reduced energy consumption, ideal for smart home applications using Zigbee, Matter, and OpenThread protocols.
Silicon Labs (NASDAQ: SLAB) reported strong Q2 2024 results with revenue of $145 million. The company saw growth driven by design wins and inventory reduction. Key financial highlights include:
- Industrial & Commercial revenue: $88 million
- Home & Life revenue: $57 million
- GAAP gross margin: 53%
- Non-GAAP gross margin: 53%
- GAAP diluted loss per share: $(2.56)
- Non-GAAP diluted loss per share: $(0.56)
Silicon Labs announced the xG22E family of wireless SoCs for energy harvesting applications. The company expects Q3 2024 revenue between $160-$170 million with a non-GAAP gross margin of 54-56% and a non-GAAP diluted loss per share between $(0.10) to $(0.30).
Silicon Labs has opened registration for its fifth annual Works With Conference, expanding to three regional, in-person events in 2024. The free-to-attend IoT developer conference will take place in San Jose (USA) on September 19, Hyderabad (India) on October 17, and Shanghai (China) on October 24. Each event will feature tailored experiences, including training sessions, specialized technology tracks, demo labs, and networking opportunities.
Attendees will gain practical knowledge for accelerating project development, learn to integrate products with major ecosystems (Amazon, Google, Samsung, Apple), and explore business development opportunities. The conference will cover topics such as Matter, Wi-Fi, BLE, Security, AI/ML, smart cities, and IoT-enabled smart living solutions.
Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology, has announced its plans to release second quarter 2024 financial results on Wednesday, July 24, 2024. An earnings conference call will follow at 7:30 a.m. Central Time. The call will be streamed live from the Investor Relations section of the company's website, with a replay available until August 24, 2024.
Silicon Labs specializes in providing integrated hardware and software platforms, intuitive development tools, and robust support for building advanced industrial, commercial, home, and life applications. The company aims to simplify complex wireless challenges and enable developers to bring innovative solutions to market quickly.
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