AUSTIN, Texas, Mar 08, 2010 (BUSINESS WIRE) -- Silicon Laboratories Inc. (Nasdaq: SLAB), a leader in high-performance,
analog-intensive, mixed-signal innovation, will celebrate ten years of
solid financial performance as a public company with an opening bell
ringing ceremony on the floor of the Nasdaq exchange in New York City
today.
"Silicon Labs' successful initial public offering in March 2000 launched
a decade of expansion as the company diversified its mixed-signal
product portfolio," said Nav Sooch, a Silicon Labs founder and chairman
of the board of directors. "The company has grown share in a wide range
of markets, and increased its revenue and earnings while maintaining a
debt-free balance sheet, a track record to be proud of."
Industry-leading Performance
To date, Silicon Labs has shipped more than three billion mixed-signal
integrated circuits (ICs). The company's innovative IC products have won
leading market positions in wired connectivity, voice over IP and
high-performance AM/FM radio applications. The company is also gaining
momentum in new application areas in wired and wireless infrastructure
solutions, embedded systems, human interface technology, smart energy
and video broadcast for iDTVs.
"Over the past decade, Silicon Labs has consistently outperformed the
semiconductor industry in revenue growth while achieving 33 consecutive
quarters of profitability," said Bill Bock, chief financial officer of
Silicon Labs. "We've also been able to return $500 million to
shareholders through the repurchase of 16 million shares over the past
three years, a tribute to the power of our business model."
Enabling Innovation with Mixed-Signal Technology
Each year the company invests more than 20 percent of its revenue in R&D
to fund new product development and maintain a full pipeline of
best-in-class mixed-signal products. Since its IPO, Silicon Laboratories
has greatly expanded its world-class design team of analog and
mixed-signal engineers, has more than 1,000 mixed-signal patents pending
or awarded and has developed an equally impressive portfolio of trade
secrets related to high-performance, analog-intensive mixed-signal
design techniques and architectures.
"The catalysts for the next generation of innovation in electronics will
be breakthroughs in combining high-performance mixed-signal technologies
in a power efficient manner," said Necip Sayiner, president and chief
executive officer of Silicon Labs. "We believe Silicon Labs has the
engineering talent, intellectual property and growing product portfolio
to help lead the next round of innovation and continue what has been a
tremendous secular growth story."
Silicon Laboratories Inc.
Founded in 1996 on the principles of constant innovation and solid
execution, Silicon Labs tackles complex analog design challenges with
mixed-signal semiconductor products based on cutting-edge architectures
and implemented in CMOS, creating highly disruptive silicon solutions
that fundamentally enhance the customer's design process. These
mixed-signal devices help customers add new features to their end
products, speed time-to-market and reduce system cost, component count,
board space and power consumption. The company has achieved strong
market share gains in its served market segments as a result of this
product strategy.
Developed by a world-class engineering team with unsurpassed expertise
in mixed-signal design, Silicon Labs' patented solutions serve a broad
set of markets and applications including consumer, communications,
computing, industrial and automotive.
Headquartered in Austin, Texas, Silicon Labs is a global enterprise with
operations, sales and design activities worldwide. The company is
committed to contributing to our customers' success by recruiting the
highest quality talent to create industry-changing innovations. For more
information about Silicon Labs, please visit www.silabs.com.
Forward-Looking Statements
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, difficulties developing new products that achieve market
acceptance; dependence on a limited number of products and customers;
intellectual property litigation risks; inventory-related risks; risks
associated with acquisitions; difficulties managing international
activities; difficulties managing our manufacturers and subcontractors;
risks that Silicon Laboratories may not be able to manage strains
associated with its growth; credit risks associated with our accounts
receivable; dependence on key personnel; risks associated with
divestitures; geographic concentration of manufacturers, assemblers,
test service providers and customers in Asia that subjects Silicon
Laboratories' business and results of operations to risks of natural
disasters, epidemics, war and political unrest; 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, Silicon Labs, the "S" symbol and
the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All
other product names noted herein may be trademarks of their respective
holders.
SOURCE: Silicon Laboratories Inc.
Silicon Laboratories Inc.
Shannon Pleasant, 512-464-9254
shannon.pleasant@silabs.com
Copyright Business Wire 2010