Silicon Laboratories Inc.

Silicon Laboratories, Inc. is a semiconductor company that provides mixed-signal integrated circuits (ICs) and offers a wide range of microcontrollers and wireless products. Operating within the United States and internationally, the company has its headquarters in Austin, Texas, and was founded in 1996. Technology produced by Silicon Laboratories is used in the automotive, consumer, industrial automation, internet infrastructure, and Internet of Things (IoT) markets. In addition to single and multi-protocol system-on-chip (SOC) devices and modules, wireless protocols, and wireless MCU connectivity solutions, the company has developed a real-time operating system to help simplify IoT software development called Micrium. The company's products enable the development of sustainable IoT solutions for industrial, commercial, home, and medical applications. Silicon Laboratories stock can be found on the NASDAQ under the ticker SLAB. In April 2021, Silicon Laboratories announced that it had reached an agreement with Skywork Solutions to sell its Infrastructure & Automotive business for $2.75bn in an all-cash consideration. Silicon Labs also announced that shareholders would be returned approximately $2.0bn post-closing. With the sale of this business, Silicon Labs intends to narrow its focus to better address the growing Internet of Things market. Learn more about the share price performance of SLAB stock on eToro.