A Growth Story
Silicon Laboratories was founded by Nav Sooch, Dave Welland and
Jeff Scott in 1996 in Austin, Texas to develop world-class
mixed-signal ICs. The company's initial product was an analog modem
for personal computers (PCs). Ten years later, the company is now a
global enterprise with operations, sales and design activities
worldwide. The company became profitable just two years after its
inception and completed a successful initial public offering (IPO) in
2000. Today, Silicon Laboratories is a publicly traded, approximately
$500 million company, leading mixed-signal innovation across a broad
set of products.
"Few companies have grown as consistently and profitably as
Silicon Labs. By striving for excellence in all that we do, we've been
able to create a company with not only strong products and financial
performance, but a sustainable values-oriented culture and a history
of giving back to our community," said Nav Sooch, Silicon
Laboratories' co-founder and chairman of the board of directors. "We
are very proud of what the team has accomplished over the last decade,
and we're enthusiastic about the future potential of the business.
Over the next ten years, we'll be leveraging expanded resources, the
best team of mixed-signal engineers in the world and our cycles of
learning to bring our technology leadership to brand new markets."
A Proven Mixed-Signal Leader
Acknowledged by leading trade publications, Silicon Laboratories'
products have received more than 20 design awards. The company has
rapidly established a leadership position in many major semiconductor
markets and has shipped close to 2 billion CMOS-based mixed-signal ICs
including:
-- One billion analog modems designed into over 50 percent of PCs
and satellite set-top boxes worldwide,
-- 600 million Aero(R) GSM/GPRS transceivers in hundreds of
different cellular handsets,
-- 80 million VoIP ICs shipping into products across the majority
of VoIP deployments and
-- Nearly 40 million MCUs and over 50,000 MCU development kits.
"Mixed-signal is at the forefront of the next generation of
innovation as the analog world we live in and the digital world of
computing continue to intersect. Over the next ten years, we'll see
power consumption and battery life improve in portable devices,
dramatically increasing the convergence of functionality in these
products. Broadcast technology will become highly portable; power
supplies, wireless networks, and remote monitoring will become
commonplace, and bandwidth requirements will continue to increase,"
said Necip Sayiner, president and chief executive officer of Silicon
Laboratories. "The end result is a marketplace ripe for innovation
that makes technology less expensive, less power hungry and easier to
use. We excel in this environment and look forward to the next ten
years of developing product innovations in the areas where we
compete."
Financial Strength
Consistently recognized as one of Texas' fastest growing
companies, Silicon Laboratories has a financial framework built on
best practices that has resulted in a strong balance sheet with
excellent cash growth, a cash balance of over $400 million and no
debt. This prudent financial management has enabled continued
investment in research and development to further build the company's
arsenal of patented, mixed-signal innovations.
A Winning Culture
Voted by employees as one of the best places to work in Central
Texas, Silicon Laboratories has a winning culture that has allowed the
company to maintain its focus as it has grown. Silicon Laboratories'
employees pride themselves on their commitment to core values that
include open, transparent communication, continuous innovation,
refusal to compromise on the quality of talent, a collaborative work
environment, a desire to win and a dedication to commercial success.
Silicon Laboratories is also committed to sharing its financial
success with the community and has donated funds and volunteer support
to 40 local organizations that make a measurable difference in
improving the quality of life in Austin.
About Silicon Laboratories Inc.
Silicon Laboratories Inc. is a leading designer of
high-performance, analog-intensive, mixed-signal integrated circuits
(ICs) for a broad range of applications. Silicon Laboratories' diverse
portfolio of highly integrated, patented solutions is developed by a
world-class engineering team with decades of cumulative expertise in
cutting-edge mixed-signal design. The company has design, engineering,
marketing, sales and applications offices throughout North America,
Europe and Asia. For more information about Silicon Laboratories
please visit www.silabs.com.
Cautionary Language
This press release contains forward-looking statements based on
Silicon Laboratories' current expectations. The words "believe,"
"estimate," "expect," "intend," "anticipate," "plan," "project,"
"will" and similar phrases as they relate to Silicon Laboratories are
intended to identify such forward-looking statements. These
forward-looking statements reflect the current views and assumptions
of Silicon Laboratories and are subject to various risks and
uncertainties that could cause actual results to differ materially
from expectations. Among the factors that could cause actual results
to differ materially from those in the forward-looking statements are
the following: risks that Silicon Laboratories may not be able to
maintain its historical growth; quarterly fluctuations in revenues and
operating results; volatile stock price; average selling prices of
products may decrease significantly and rapidly, especially for mobile
handset products; dependence on a limited number of products and
customers; risks associated with shifting market demand from GSM/GPRS
to EDGE and WCDMA; difficulties developing new products that achieve
market acceptance; risks that Silicon Laboratories may not be able to
manage strains associated with its growth; dependence on key
personnel; difficulties managing our manufacturers and subcontractors;
difficulties managing international activities; credit risks
associated with our accounts receivable; geographic concentration of
manufacturers, assemblers, test service providers and customers in the
Pacific Rim that subjects Silicon Laboratories' business and results
of operations to risks of natural disasters, epidemics, war and
political unrest; product development risks; inventory-related risks;
intellectual property litigation risks; risks associated with
acquisitions; the competitive and cyclical nature of the semiconductor
industry and other factors that are detailed in Silicon Laboratories'
filings with the SEC. Silicon Laboratories disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Note to editors: Silicon Laboratories, Aero and the Silicon
Laboratories logo are trademarks of Silicon Laboratories Inc. All
other product names noted herein may be trademarks of their respective
holders.
CONTACT: Silicon Laboratories Inc., Austin
Shannon Pleasant, 512/464-9254
investor.relations@silabs.com
SOURCE: Silicon Laboratories Inc.