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Silicon Labs Celebrates Ten Years as a Public Company

March 08, 2010

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

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