STOCK TITAN

Signify Enhances Philips Hue Matter Support Through Collaboration with Silicon Labs

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership

Silicon Labs (NASDAQ: SLAB) and Signify announced a collaboration to add concurrent multiprotocol (CMP) support to select Philips Hue bulbs, enabling Matter over Thread and Zigbee on a single device. The bulbs use Silicon Labs’ MG26 and SiMG301 wireless SoCs, with CMP enabled via a software update later in 2026.

Loading...
Loading translation...

AI-generated analysis. Not financial advice.

Positive

  • Collaboration brings Matter over Thread and Zigbee to single Philips Hue bulbs
  • Use of Silicon Labs MG26 and SiMG301 SoCs in next-gen Hue products
  • Concurrent multiprotocol update planned to simplify smart home interoperability
  • Select Philips Hue bulbs with Silicon Labs chips available now or rolling out

Negative

  • Concurrent Matter and Zigbee operation not yet active until later software update
  • Current Hue bulbs with these chips require choosing Zigbee or Thread at commissioning

News Market Reaction – SLAB

-0.48%
1 alert
-0.48% News Effect

On the day this news was published, SLAB declined 0.48%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Peers on Argus

SLAB was nearly flat pre-news while peers were mixed, with SMTC and PI up, CRUS ...

SLAB was nearly flat pre-news while peers were mixed, with SMTC and PI up, CRUS down, and others little changed. The lack of coordinated peer moves suggests a stock-specific rather than sector-wide driver.

Previous Partnership Reports

1 past event · Latest: Oct 09 (Positive)
Same Type Pattern 1 events
Date Event Sentiment Move Catalyst
Oct 09 Partnership announcement Positive +0.5% Collaboration to accelerate secure Matter device certification for IoT manufacturers.
Pattern Detected

Limited partnership history; the prior collaboration headline drew a modestly positive price reaction.

Historical Comparison

+0.5% avg move · In past partnership news, SLAB saw an average move of 0.5%, indicating prior collaborations around M...
partnership
+0.5%
Average Historical Move partnership

In past partnership news, SLAB saw an average move of 0.5%, indicating prior collaborations around Matter and IoT security produced modest but positive market responses.

Regulatory & Risk Context

Short Interest: 7.26%
Short Interest
7.26% of float
0% 15% 30%+
low as of 2026-05-29 Days to cover: 6.23

Reported short positioning is relatively low, suggesting limited short-squeeze fuel and a more typical volatility profile driven by fundamentals and news rather than heavy bearish speculation.

Market Pulse Summary

This announcement strengthens SLAB’s role in Matter-enabled smart home devices alongside a prior par...
Analysis

This announcement strengthens SLAB’s role in Matter-enabled smart home devices alongside a prior partnership that moved shares about 0.5%. With the stock trading near its 52-week high, investors should watch merger milestones and execution on Hue integration.

Key Terms

zigbee, thread, concurrent multiprotocol (cmp), wireless socs
4 terms
zigbee technical
"support both Matter and Zigbee, giving consumers more choice"
Zigbee is a widely used wireless communication standard that lets low-power devices like sensors, smart lights and industrial monitors talk to each other over short distances. Think of it as a neighborhood relay system where each device can pass messages along so signals reach farther without using much battery. For investors, Zigbee matters because its adoption affects product compatibility, energy costs, security risks and the market potential for makers of chips, devices and smart-home or industrial automation solutions.
thread technical
"support for both Zigbee and Matter over Thread concurrently on a single device"
A thread is a chain of linked online messages or posts that follow a single topic, like a conversation that unfolds message by message on social media, forums, or news comment sections. Investors watch threads because they can quickly amplify news, rumors or sentiment—similar to a group of people passing along a rumor—which can influence short-term trading, public perception of a company and the spread of information that affects stock prices.
concurrent multiprotocol (cmp) technical
"announced their collaboration to bring concurrent multiprotocol (CMP) communications to select"
Concurrent multiprotocol (CMP) is the ability of a system, device, or operation to run multiple communication or process rules at the same time without needing separate hardware or workflows. Investors should care because CMP increases flexibility and reach—like a bilingual employee who can serve different clients—letting a product or clinical site support more customers, standards, or studies concurrently, which can lower costs, speed adoption, and reduce deployment risk.
wireless socs technical
"By leveraging Silicon Labs' MG26 and SiMG301 wireless SoCs, Signify is enabling"
A wireless system-on-chip (SoC) is a single semiconductor chip that combines the main processor, memory, and wireless communication components (like Wi‑Fi, Bluetooth or cellular radios) into one compact unit. Think of it as a tiny all-in-one brain and radio for a device; it matters to investors because its efficiency, cost and capabilities shape product performance, power use, manufacturing costs and competitive advantage across many connected devices, influencing revenue and margins.

AI-generated analysis. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

New Philips Hue smart bulbs leverage Silicon Labs wireless technology to support both Matter and Zigbee, giving consumers more choice while preserving the premium Hue experience

AUSTIN, Texas and EINDHOVEN, Netherlands, June 23, 2026 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless connectivity, and Signify (Euronext: LIGHT), a world leader in lighting, today announced their collaboration to bring concurrent multiprotocol (CMP) communications to select Philips Hue smart bulbs, enabling support for both Zigbee and Matter over Thread concurrently on a single device.

Select Philips Hue bulbs will soon be able to communicate via Zigbee and Matter over Thread concurrently thanks to Silicon Labs.

Bringing Greater Choice to the Smart Home

The collaboration allows Philips Hue users to benefit from the simplicity and interoperability of Matter while continuing to access the advanced features, immersive experiences, and deep ecosystem integration that have made Hue a leading smart lighting platform.

As smart homes become increasingly diverse, consumers want products that work seamlessly with the platforms they already use—whether that's Apple Home, Amazon Alexa, Google Home, Samsung SmartThings, or the Philips Hue ecosystem. By leveraging Silicon Labs' MG26 and SiMG301 wireless SoCs, Signify is enabling a new generation of Hue smart bulbs designed to deliver greater flexibility without compromising the premium lighting experiences consumers expect from Philips Hue.

"Philips Hue aims to transform how users use lighting inside their home whether it be for ambiance creation, convenience or entertainment. A big part of achieving this is to remove complexity for consumers while continuing to deliver the exceptional lighting experiences. Matter represents an important step forward for the smart home industry because it makes connected devices easier to set up and use," said George Yianni, Chief Technology Officer Philips Hue at Signify. "Our collaboration with Silicon Labs allows us to support the interoperability consumers want through Matter while preserving the advanced capabilities, entertainment experiences, and innovation available through the Hue ecosystem."

Combining Matter Simplicity with the Hue Experience

Philips Hue delivers a rich and reliable ecosystem with unique differentiated features and experiences including dynamic scenes, entertainment synchronization, automation capabilities, and immersive lighting experiences based on ZigBee technology. Matter was created to simplify smart home connectivity by enabling devices from different brands and platforms to work together more easily. With Matter-enabled Hue bulbs, consumers can have the freedom to integrate directly into leading smart home ecosystems for everyday controls while still unlocking advanced lighting centric functionality within the Hue ecosystem.

Silicon Labs' concurrent multiprotocol technology makes this possible by enabling Zigbee and Matter over Thread to operate simultaneously on a single wireless device. Rather than forcing manufacturers or consumers to choose between protocols, CMP allows devices to participate in multiple ecosystems at the same time, helping bridge today's installed smart home infrastructure with tomorrow's interoperable Matter-based environments.

Powering the Next Generation of Connected Lighting

"The future of the smart home isn't about choosing one ecosystem over another—it's about giving consumers the freedom to use the products and platforms they prefer," said Ross Sabolcik, Senior Vice President of Product Lines at Silicon Labs. "Signify has been a leader in advancing both smart lighting innovation and Matter adoption. By combining Philips Hue's industry-leading lighting experiences with Silicon Labs' concurrent multiprotocol technology, we're helping create a smart home experience that is simpler, more flexible, and more intuitive for consumers."

The collaboration builds on a long-standing relationship between Silicon Labs and Signify and reflects a shared commitment to advancing open standards, interoperability, and user-centric innovation across the smart home industry.

Select Philips Hue smart bulbs leveraging Silicon Labs MG26 and SiMG301 wireless SoCs are available now or are being introduced across Philips Hue product lines. Currently these products require choosing ZigBee or Thread at commissioning time but the software update to enable concurrent operation will be rolled out later this year simplifying the experience for consumers.

About Signify

Signify (Euronext: LIGHT) is a world leader in lighting for professionals and consumers. They proudly bring to market some of the world's best lighting brands, from SignifyPhilipsPhilips HueSignify InteractSignify DynaliteColor Kinetics and many more. Their advanced products, connected systems and services unlock the extraordinary potential of light for brighter lives and a better world. In 2025, they had sales of EUR 5.8 billion, approximately 27,000 employees, and a presence in over 70 markets. They are in the Dow Jones Sustainability World Index, earned a CDP 'A' score for climate performance and transparency and hold the EcoVadis Platinum rating.

About Silicon Labs

Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers with the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in smart home, industrial IoT, and smart cities markets. Learn more at https://www.silabs.com.

The Silicon Labs SiMG301, part of the larger SiXG301 family, brings Zigbee and Matter over Thread concurrency to select Hue bulbs.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/signify-enhances-philips-hue-matter-support-through-collaboration-with-silicon-labs-302806896.html

SOURCE Silicon Labs

FAQ

What did Silicon Labs (NASDAQ: SLAB) announce with Signify about Philips Hue Matter support in June 2026?

Silicon Labs and Signify announced enhanced Philips Hue support for Matter using Silicon Labs wireless SoCs. According to Silicon Labs, select Hue bulbs will support concurrent multiprotocol communication, enabling both Matter over Thread and Zigbee on a single device to improve smart home flexibility.

How do Silicon Labs MG26 and SiMG301 chips improve Philips Hue bulbs for Matter and Zigbee?

Silicon Labs MG26 and SiMG301 chips enable Philips Hue bulbs to handle Matter over Thread and Zigbee. According to Silicon Labs, these wireless SoCs power concurrent multiprotocol capabilities, helping Hue bulbs participate in multiple smart home ecosystems without sacrificing advanced Hue lighting features and experiences.

When will concurrent Matter and Zigbee operation be enabled on Philips Hue bulbs using Silicon Labs technology?

Concurrent Matter and Zigbee operation will be activated via a software update later in 2026. According to Silicon Labs and Signify, current bulbs with MG26 and SiMG301 chips require choosing Zigbee or Thread at commissioning until the CMP software rollout simplifies the user experience.

What does concurrent multiprotocol (CMP) mean for Philips Hue smart home ecosystems using SLAB technology?

Concurrent multiprotocol lets Philips Hue bulbs operate on Matter over Thread and Zigbee at the same time. According to Silicon Labs, CMP allows devices to join multiple ecosystems, helping bridge existing Zigbee-based Hue setups with newer interoperable Matter smart home environments.

Are Philips Hue bulbs with Silicon Labs MG26 and SiMG301 available now, and what platforms can they support?

Select Philips Hue bulbs using Silicon Labs MG26 and SiMG301 chips are available now or being introduced. According to Signify, these bulbs are designed to work with platforms like Apple Home, Amazon Alexa, Google Home, Samsung SmartThings, and the Philips Hue ecosystem.

How will the Silicon Labs and Signify collaboration affect Philips Hue users’ smart home setup choices?

The collaboration is intended to give Philips Hue users more flexibility in choosing smart home platforms. According to Silicon Labs, concurrent Matter and Zigbee support can simplify setup while preserving advanced Hue features like dynamic scenes, entertainment sync, and rich automation capabilities.