M
ME NEWS
07 Mar 2025, 05:58
Silicon Laboratories Inc. Announces Change in Independent Registered Public Accounting Firm
Austin, TX, March 6, 2025 – Silicon Laboratories Inc. (NASDAQ: SLAB) today announced a change in its independent registered public accounting firm following a comprehensive review by the Audit Committee of the Board of Directors.
Key Updates:
Dismissal of Ernst & Young LLP (EY)
Effective March 3, 2025, EY was dismissed as Silicon Labs' independent registered public accounting firm.
EY’s reports for fiscal years 2023 and 2024 contained no adverse opinions, disclaimers, or modifications regarding uncertainty, audit scope, or accounting principles.
However, EY’s report for the year ended December 30, 2023, noted a material weakness related to inventory accounting, affecting the company's internal control over financial reporting.
Appointment of Deloitte & Touche LLP (D&T)
D&T has been appointed as the new independent registered public accounting firm, effective March 3, 2025.
During fiscal years 2023 and 2024, Silicon Labs did not consult with D&T on accounting principles, auditing concerns, or financial reporting matters.
Company Statement
"Following an extensive review of audit firm qualifications, we believe that transitioning to Deloitte & Touche LLP aligns with our long-term objectives for financial integrity and governance," said [Name, Title], at Silicon Laboratories Inc. "We appreciate the many years of service provided by Ernst & Young and look forward to working with Deloitte & Touche."
Regulatory Compliance
Silicon Labs has provided EY with a copy of the above disclosures and requested an official SEC response letter confirming agreement with the statements made.
EY’s response letter, dated March 6, 2025, is attached as Exhibit 16.1 to the Form 8-K filing.
About Silicon Laboratories Inc.
Silicon Labs (NASDAQ: SLAB) is a leading provider of secure, intelligent wireless technology for a more connected world. The company delivers cutting-edge IoT solutions, including low-power MCUs, wireless chips, and software that empower smart homes, industrial automation, and connected devices. Headquartered in Austin, TX, Silicon Labs is a key innovator in the semiconductor industry.
Austin, TX, March 6, 2025 – Silicon Laboratories Inc. (NASDAQ: SLAB) today announced a change in its independent registered public accounting firm following a comprehensive review by the Audit Committee of the Board of Directors.
Key Updates:
Dismissal of Ernst & Young LLP (EY)
Effective March 3, 2025, EY was dismissed as Silicon Labs' independent registered public accounting firm.
EY’s reports for fiscal years 2023 and 2024 contained no adverse opinions, disclaimers, or modifications regarding uncertainty, audit scope, or accounting principles.
However, EY’s report for the year ended December 30, 2023, noted a material weakness related to inventory accounting, affecting the company's internal control over financial reporting.
Appointment of Deloitte & Touche LLP (D&T)
D&T has been appointed as the new independent registered public accounting firm, effective March 3, 2025.
During fiscal years 2023 and 2024, Silicon Labs did not consult with D&T on accounting principles, auditing concerns, or financial reporting matters.
Company Statement
"Following an extensive review of audit firm qualifications, we believe that transitioning to Deloitte & Touche LLP aligns with our long-term objectives for financial integrity and governance," said [Name, Title], at Silicon Laboratories Inc. "We appreciate the many years of service provided by Ernst & Young and look forward to working with Deloitte & Touche."
Regulatory Compliance
Silicon Labs has provided EY with a copy of the above disclosures and requested an official SEC response letter confirming agreement with the statements made.
EY’s response letter, dated March 6, 2025, is attached as Exhibit 16.1 to the Form 8-K filing.
About Silicon Laboratories Inc.
Silicon Labs (NASDAQ: SLAB) is a leading provider of secure, intelligent wireless technology for a more connected world. The company delivers cutting-edge IoT solutions, including low-power MCUs, wireless chips, and software that empower smart homes, industrial automation, and connected devices. Headquartered in Austin, TX, Silicon Labs is a key innovator in the semiconductor industry.