Silicon Laboratories Inc NASDAQ:SLAB Price, Chart, News & Insight

NASDAQ:SLAB

Texas Instruments announced that it has signed a definitive agreement to acquire Silicon Labs in an all-cash transaction valued at approximately $7.5 billion, or $231.00 per share.

The deal is aimed at strengthening Texas Instruments’ position in embedded wireless connectivity by combining Silicon Labs’ mixed-signal and secure wireless portfolio with TI’s analog and embedded processing capabilities and internally owned manufacturing footprint. The combined company is expected to benefit from deeper customer engagement, broader market access, and cross-sell opportunities, while leveraging TI’s low-cost, dependable manufacturing capacity to reshore Silicon Labs’ production.

Texas Instruments expects the transaction to generate around $450 million in annual manufacturing and operational synergies within three years after closing and to be accretive to earnings per share in the first full year post-close, excluding transaction-related costs. The acquisition is expected to close in the first half of 2027, subject to regulatory approvals and Silicon Labs shareholder approval.

Source: Texas Instruments and Silicon Labs (PRNewswire)

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WS Investor 02-06-26

Silicon Laboratories Inc. Reports Results of Annual Stockholder Meeting

Austin, TX – Silicon Laboratories Inc. (NASDAQ: SLAB) held its Annual Meeting of Stockholders on April 24, 2025. The following proposals were voted on and passed:

Election of Class III Directors:

William G. Bock: 28,337,319 votes for, 952,953 against, 15,690 abstentions

Christy Wyatt: 29,148,330 votes for, 148,034 against, 9,598 abstentions

Sherri Luther: 27,657,299 votes for, 1,620,612 against, 28,051 abstentions

Ratification of Deloitte & Touche LLP as Independent Auditor for Fiscal Year 2026:

30,644,890 votes for, 88,186 against, 13,874 abstentions

Non-binding Vote on Executive Compensation:

28,333,215 votes for, 947,731 against, 25,016 abstentions

Amendment to Certificate of Incorporation Limiting Officer Liability:

27,322,286 votes for, 1,973,371 against, 10,305 abstentions

Amendment to Certificate of Incorporation for Miscellaneous Changes:

29,273,666 votes for, 10,296 against, 22,000 abstentions

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ME NEWS 04-28-25

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.

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ME NEWS 03-07-25

Silicon Labs Reports Fourth Quarter 2024 Results

Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology, reported its fourth-quarter financial results for the period ending December 28, 2024.

Key Highlights:
- Revenue for the quarter was $166 million
- Industrial & Commercial revenue: $89 million, down 8% sequentially
- Home & Life revenue: $78 million, up 11% sequentially

GAAP Results:
- GAAP gross margin was 54.3%
- GAAP operating expenses were $119 million
- GAAP operating loss was $29 million
- GAAP diluted loss per share was $(0.73)

Non-GAAP Results:
- Non-GAAP gross margin was 54.6%
- Non-GAAP operating expenses were $98 million
- Non-GAAP operating loss was $7 million
- Non-GAAP diluted loss per share was $(0.11)

Business Outlook:
- The company expects first-quarter revenue between $170 million to $185 million
- GAAP gross margin is expected to range between 54% to 56%
- GAAP operating expenses are projected to be between $128 million to $130 million
- GAAP diluted loss per share is expected to range from $(0.75) to $(1.05)
- Non-GAAP gross margin is expected to be between 54% to 56%
- Non-GAAP operating expenses are estimated to be between $103 million to $105 million
- Non-GAAP diluted earnings (loss) per share are expected to range from $0.01 to $(0.19)

Silicon Labs is optimistic about its outlook, expecting sequential revenue growth in the first quarter and a strong 2025 with increasing design wins.

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WS Investor 02-04-25

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