Silicon Laboratories

Silicon Laboratories

Provides silicon and software for IoT

About Silicon Laboratories

Simplify's Rating
Why Silicon Laboratories is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Hardware

Industrial & Manufacturing

AI & Machine Learning

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Austin, Texas

Founded

1996

Overview

Silicon Labs develops silicon, software, and solutions that enhance connectivity in various industries, including the Internet of Things (IoT), industrial automation, consumer electronics, and automotive markets. Their products, such as integrated circuits (ICs) and software tools, improve energy efficiency and performance in devices. Operating as a fabless company, Silicon Labs focuses on designing and selling its products while outsourcing manufacturing to third-party foundries, allowing for greater flexibility and innovation. Unlike many competitors, Silicon Labs emphasizes high-quality engineering and adheres to strict social and environmental standards. The company's goal is to enable a smarter, more connected world through advanced technology.

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Simplify's Take

What believers are saying

  • Growing demand for AI/ML in IoT boosts Silicon Labs' MG26 SoC adoption.
  • Smart metering initiatives drive demand for Silicon Labs' FG23 SoC.
  • Bluetooth 6.0 adoption opens new markets for Silicon Labs' BG24L SoC.

What critics are saying

  • Emerging Asian semiconductor companies threaten Silicon Labs' market share.
  • Global semiconductor shortages may impact Silicon Labs' production schedules.
  • Geopolitical tensions could disrupt Silicon Labs' fabless manufacturing model.

What makes Silicon Laboratories unique

  • Silicon Labs excels in low-power wireless technology for IoT applications.
  • The MG26 SoC supports concurrent Matter and Zigbee network integration.
  • Silicon Labs' BG24L SoC leverages Bluetooth 6.0 for advanced asset tracking.

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Funding

Total Funding

$96.8M

Above

Industry Average

Funded Over

3 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

Medical, dental, and vision insurance plans

Learning and development resources

Short and long term disability

Life insurance

Retirement benefits

Profit sharing

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
PR Newswire
Mar 12th, 2025
Silicon Labs' 2024 Annual Report To Shareholders And 2025 Proxy Statement Available Online

AUSTIN, Texas, March 12, 2025 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, today posted its 2024 Annual Report to Shareholders and 2025 Proxy Statement as filed with the Securities and Exchange Commission, on the Investor Relations page of the company website. Shareholders may also request hard copies of the reports by calling 866-648-8133, or by emailing [email protected]. Additionally, Silicon Labs released its 2024 Corporate Sustainability Report, which is available for download on its website.Silicon LabsSilicon Labs (NASDAQ: SLAB) is the leading innovator in low-power wireless 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 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 the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com.Note to editors: Silicon Laboratories, Silicon Labs, the "S" symbol, the Silicon Laboratories logo and the Silicon Labs logo are trademarks of Silicon Laboratories Inc

PR Newswire
Mar 12th, 2025
Silicon Labs Unveils Bg29: The Future Of Bluetooth® Le In Miniature Devices

Ultra-small BG29 with expanded memory and ultra-low power is ideal for Connected Health devicesAUSTIN, Texas, March 12, 2025 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, today announced its new Series 2 BG29 family of wireless SoCs, designed to bring high compute and connectivity to the smallest form factor Bluetooth Low Energy (LE) devices without compromising performance. BG29 is ideal for today's most intensive Bluetooth LE applications like wearable health and medical devices, asset trackers, and battery-powered sensors.The BG29 is available in compact quad flat no-lead (QFN) and wafer-level chip scale packages (WLCSP), featuring substantial memory with significant RAM and Flash capacities. These extended memory resources enable advanced applications such as real-time data processing, complex algorithm execution, and high-speed communication protocols.It features a DCDC boost for wide voltage range support, a Coulomb counter for accurate battery monitoring, and Silicon Labs Secure Vault™ High designed for PSA Level 3 to protect sensitive data.Meeting The Evolving Needs of Connected Healthcare and Medical DevicesSmart medical devices are transforming healthcare globally, but miniaturization—building smaller connected devices without sacrificing performance or power—remains a key development obstacle. The BG29 represents a significant breakthrough. It integrates high-performance wireless, long battery life, large memory capacity, and multi-connection support in even the smallest devices, like blood glucose monitors, where it was previously extremely challenging."With the BG29, developers don't have to settle," said Jacob Alamat, senior vice president for the Home and Life business unit at Silicon Labs. "We're combining high connectivity and performance with small size and exceptional security – empowering device makers to break records in tiny connectivity."BG29 Pushes Envelope of What's Possible in Tiny DevicesThe new BG29 family of SoCs is equipped with key features such as:Compact Footprint: With a compact size, the BG29 is available in both WLCSP and QFN packages delivering industry-leading connectivity for a wide range of wireless devices like connected health, asset trackers, and building automation

PR Newswire
Feb 26th, 2025
Silicon Labs Redefines Smart Home Connectivity With New Concurrent Multiprotocol Soc

"With MG26, we're not just setting a new standard in multiprotocol wireless performance for battery-based, low-power smart home applications—we're redefining what's possible for the future of IoT connectivity with Matter," said Jacob Alamat, Senior Vice President for the Home and Life business unit at Silicon Labs. "This device empowers developers to create smarter, safer, and more powerful solutions in an increasingly connected world."Further enhancing security through its Custom Part Manufacturing Service (CPMS), Silicon Labs is the only Matter SoC device maker that allows customers to customize their order with their own Matter device attestation certificates (DAC), simplifying and accelerating product launches using Silicon Labs Matter-enabled SoCs while preventing IP theft and counterfeiting.MG26 SoC Powers Advanced IoT Applications and MatterThe MG26 SoC significantly advances Matter adoption with its concurrent multiprotocol capabilities, enabling integration of various Smart Home and Building devices like LED lighting, switches, sensors, and locks into both Matter and Zigbee networks simultaneously. This allows users to create automations and routines that incorporate more devices across different ecosystem.In addition, the MG26's AI/ML capabilities using its embedded accelerator also enhance its performance in critical tasks like predictive maintenance, anomaly detection, keyword detection, vision, and more and more applications that span across the IoT. To help developers build devices capable of running advanced IoT applications, the MG26 family offers:Higher compute in a multicore format with an ARM ® Cortex ® -M33 CPU and dedicated cores for the radio and security subsystems, freeing up the main core for customer applications.in a multicore format with an ARM Cortex -M33 CPU and dedicated cores for the radio and security subsystems, freeing up the main core for customer applications. Doubled Flash, RAM, and GPIO capacity compared to the MG24 device family, allowing IoT device builders to develop advanced edge applications that leverage larger, more accurate machine learning models for improved performance. It also allows for the processing of larger machine learning workloads like higher resolution vision.compared to the MG24 device family, allowing IoT device builders to develop advanced edge applications that leverage larger, more accurate machine learning models for improved performance

PR Newswire
Feb 4th, 2025
Silicon Labs To Host 2025 Analyst Day

AUSTIN, Texas, Feb. 4, 2025 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that the company will host an Analyst Day event for buy-side institutional investors and sell-side equity analysts on March 11, 2025, between 9:00am and 12:00pm Eastern Time. The event will be held at 237 Park Avenue in New York City.Silicon Labs' Analyst Day will include an in-depth review of its long-term strategy, key growth initiatives, financial outlook, and a Q&A session with the company's leadership team. Members of the financial community are encouraged to register on the Investor Relations page at silabs.com. The event will be webcast, with a replay available shortly after.Silicon LabsSilicon Labs (NASDAQ: SLAB) is a leader in secure, intelligent wireless technology for a more connected world. Our integrated hardware and software platform, intuitive development tools, thriving ecosystem, and robust support make us an ideal long-term partner in building advanced industrial, commercial, home and life applications

PR Newswire
Feb 4th, 2025
Silicon Labs Reports Fourth Quarter 2024 Results

Wireless IoT leader delivers in-line fourth-quarter results and guides to sequential growth in first quarter. AUSTIN, Texas, Feb. 4, 2025 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the fourth quarter, which ended December 28, 2024. "The Silicon Labs team executed well to close out 2024, with fourth quarter revenue nearly doubling from the same quarter one year ago," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "Looking ahead, we expect sequential revenue growth to resume beginning in the first quarter and are encouraged by our 2025 outlook as design wins across several key focus areas continue to ramp into production throughout the year."

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