Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

SILICON LABORATORIES INC.

(SLAB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Silicon Laboratories : Labs doubles down on connected devices after auto chip spinoff

09/14/2021 | 12:43pm EDT

Sept 14 (Reuters) - Silicon Laboratories Inc on Tuesday introduced new chips and software to deepen its pursuit of the internet-of-things (IoT) market after completing a spinoff of several business units earlier this year.

The Austin, Texas-based company sold off https://www.reuters.com/technology/silicon-labs-sell-infrastructure-automotive-unit-275-bln-2021-04-22 some automotive chip assets and other lines of business to Skyworks Solutions Inc for $2.75 billion to sharpen its focus on providing chips for connected devices such as smart home gadgets, smart power meters and connected industrial machines that collect data that can be analyzed to make production more efficient.

The problem Silicon Labs is trying to solve is straightforward but technologically complex: while all of those devices eventually connect to the internet, they use a bushel of shifting wireless communications standards to get there.

Silicon Labs is trying to develop a chips and software that gadget makers can buy off the shelf and use without having to become experts in each wireless technology as it changes.

On Tuesday, the company announced a new chip aimed at sending data back to the internet using very small batteries that could be used in devices like the window and door sensors in home security systems. The company also said it has developed a system to let customers put their own security measures into chips during the manufacturing process to harden the chips against being hacked.

But its biggest announcement was a set of software tools that it will release for free to all IoT device makers. The aim of the software is to be a universal translator between different wireless technologies, to avoid devices that might no longer function if a standard falls out of favor in the next few years.

"All your solutions will still communicate with each other and work," Silicon Labs President Matt Johnson, who will become chief executive next year, told Reuters in an interview. "Tools and software are the real catalyst for allowing our industry to go faster, not just the silicon." (Reporting by Stephen Nellis in San Francisco. Editing by Jane Merriman)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SILICON LABORATORIES INC. -0.73% 151.51 Delayed Quote.18.98%
SKYWORKS SOLUTIONS, INC. -1.11% 165.12 Delayed Quote.8.01%
All news about SILICON LABORATORIES INC.
10/21INSIDER SELL : Silicon Laboratories
MT
10/11SILICON LABS : Announces Third Quarter 2021 Earnings Webcast
PR
10/06SILICON LABORATORIES : Trackunit and Silicon Labs Revolutionize Asset Tracking in Construc..
PU
09/29SILICON LABORATORIES : Konke Launches Smart Home Panel and Security Suite with Silicon Lab..
AQ
09/28SILICON LABORATORIES : Konke Launches Smart Home Panel and Security Suite with Silicon Lab..
PU
09/21SILICON LABORATORIES : Labs and Tuya Collaborate to Deliver Powerful Sub-GHz solution for ..
PU
09/14SILICON LABORATORIES : Labs doubles down on connected devices after auto chip spinoff
RE
09/14SILICON LABS : Launches Security Services to Support 'Zero Trust' Security Model in IoT
PR
09/14SILICON LABS : ' Unify SDK Delivers a Breakthrough in IoT Wireless Connectivity with "Desi..
PR
09/14SILICON LABS : Unveils World's First Secure Sub-GHz SoCs With 1+ Mile Wireless Range And 1..
PR
More news
Analyst Recommendations on SILICON LABORATORIES INC.
More recommendations
Financials (USD)
Sales 2021 779 M - -
Net income 2021 -43,6 M - -
Net cash 2021 1 296 M - -
P/E ratio 2021 -157x
Yield 2021 -
Capitalization 6 177 M 6 177 M -
EV / Sales 2021 6,26x
EV / Sales 2022 6,06x
Nbr of Employees 1 838
Free-Float 98,3%
Chart SILICON LABORATORIES INC.
Duration : Period :
Silicon Laboratories Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SILICON LABORATORIES INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 151,51 $
Average target price 167,00 $
Spread / Average Target 10,2%
EPS Revisions
Managers and Directors
George Tyson Tuttle Chief Executive Officer & Director
R. Matthew Johnson President
John Carter Hollister Chief Financial Officer & Senior Vice President
Navdeep S. Sooch Chairman
Daniel Cooley Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
SILICON LABORATORIES INC.18.98%6 177
NVIDIA CORPORATION74.08%567 241
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED13.21%557 443
BROADCOM INC.17.71%212 151
INTEL CORPORATION-0.72%201 154
TEXAS INSTRUMENTS21.29%183 783