US Market News
2週前
Powered by Silicon Labs, Comminent Ships 500,000 Wi-SUN ModulesMay 21, 2026 12:01 AM
PR Newswire (US) Dual-Band EFR32FG28 Wireless SoC Enables Secure, Interoperable RF Mesh Networking for India's Smart Energy Meter RolloutBENGALURU, India and AUSTIN, Texas, May 21, 2026 /PRNewswire/ -- Comminent®, an innovator in next-generation IoT communication network platforms, and Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, today announced a major milestone for India's smart grid infrastructure with the successful shipment of over 500,000 Wi-SUN-compliant communication modules powered by Silicon Labs' EFR32FG28 Wireless SoC. Scaling Wi-SUN for India's Smart Grid Modernization
India's Revamped Distribution Sector Scheme (RDSS) is driving one of the world's largest infrastructure transformations. To support this ambitious smart meter rollout, the Bureau of Indian Standards (BIS) officially adopted the global Wi-SUN Field Area Network (FAN) specification (IEEE 2857-2021 and ISO/IEC/IEEE 32857:2026) as the national standard (IS 18010) for smart meter RF communication networks. This standardization ensures secure, interoperable wireless mesh networks for large-scale Advanced Metering Infrastructure (AMI), smart cities, and IoT applications."Comminent's 500,000-unit milestone highlights the growing adoption of Wi-SUN in large-scale deployments," said Ross Sabolcik, Senior Vice President of Product Lines at Silicon Labs. "We are proud to partner with Comminent to provide the robust, scalable, and highly secure underlying technology needed to support India's ambitious grid modernization efforts and deliver reliable connectivity to millions."Solving Complex Deployment Challenges at Scale
Comminent's deep focus on solving India's complex deployment challenges is central to delivering scalable and reliable rollouts. As utilities move closer to real-time monitoring and grid resilience, interoperable and self-healing networks like Wi-SUN are functioning as the primary infrastructure for large-scale deployment."India's smart metering rollout is one of the largest infrastructure transformations, and this milestone reflects the growing shift toward scalable, utility-grade communication networks like Wi-SUN," said Amarjeet Kumar, Founder & CEO of Comminent. "Our collaboration with Silicon Labs strengthens our ability to deliver high-performance communication modules engineered for advanced smart grid deployments."Built on the EFR32FG28 Wireless SoC for Resilient, Utility-Grade Connectivity
To meet these demands, Comminent's communication module is powered by Silicon Labs' EFR32FG28 Wireless SoC, architected specifically for large-scale smart grid and industrial IoT applications. The EFR32FG28 platform enables reliable, long-range connectivity in demanding field environments, offering key advantages including:Optimized Dual-Band Connectivity: Combines a high-performance, long-range Sub-GHz radio optimized for India's RF environment with a 2.4 GHz Bluetooth LE radio for increased design flexibility.Resilient Processing & Infrastructure: Features a high-performance multi-core architecture with dedicated ARM cores for application processing, radio, and edge intelligence, complemented by ample memory to deliver robust mesh networking performance in dense urban and geographically distributed deployments.Enterprise-Grade Security: Powered by Silicon Labs' Secure Vault™ technology with PSA Level 3 certification, delivering secure key storage, anti-tamper capabilities, and advanced hardware cryptographic acceleration.This combination enables utilities to deploy scalable, secure, and future-ready Wi-SUN networks capable of supporting millions of endpoints. With capabilities proven in India's large-scale deployments, Comminent is expanding into global smart grid markets, including the United States, Japan, and emerging energy-transition regions.To learn more about how Silicon Labs is powering the next generation of smart grids, explore the EFR32FG28 Wireless SoC and our Wi-SUN solutions.About Comminent
Comminent Pvt Ltd, headquartered in Bengaluru, Karnataka, offers IPv6-compliant open standards-based machine-to-machine (M2M) communication solutions that are device agnostic and built to provide high reliability. The company's state-of-the-art device management platform is powered by AI/ML tools combined with edge-computing technologies to ensure faster decision-making and trigger control actions based on predefined policies. Comminent has proven expertise in large-scale IoT networks, providing a variety of communication solutions and engineering tools to silicon vendors, module and product OEMs, system integrators, and service providers.About Silicon Labs
Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers with the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in smart home, industrial IoT, and smart cities markets. Learn more at https://www.silabs.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/powered-by-silicon-labs-comminent-ships-500-000-wi-sun-modules-302778368.htmlSOURCE Silicon Labs Original: Powered by Silicon Labs, Comminent Ships 500,000 Wi-SUN Modules
US Market News
3月前
BANF and Silicon Labs Digitize the "Last Analog Domain" with Intelligent Tire Monitoring SolutionMarch 10, 2026 12:01 AM
PR Newswire (US)
Ultra-Low-Power BG22 Bluetooth SoC Enables Real-Time, Battery-Free 4 kHz Tire Data
Processing for Autonomous and Fleet ApplicationsSEOUL, South Korea and AUSTIN, Texas, March 10, 2026 /PRNewswire/ -- BANF, a Korean intelligent tire system company, and Silicon Labs, the leading innovator in low-power wireless, today announced a breakthrough in tire monitoring technology. By integrating Silicon Labs' ultra-low-power Bluetooth® LE SoC, the BG22, into its in-tire sensor platform, BANF has developed a real-time, high-resolution tire data processing system designed for autonomous vehicles and connected fleet environments.
For decades, tires have represented an industry "black box." Traditional Tire Pressure Monitoring Systems (TPMS) provide alerts only when pressure drops significantly, limiting their ability to prevent fuel inefficiency or safety risks at a fundamental level. BANF's solution transforms the tire into a connected intelligence node capable of delivering actionable data in real time.The two companies also published a joint case study on the new sensor on Silabs.com.Turning the Tire into a Real-Time Intelligence PlatformAt the heart of BANF's system is the Silicon Labs BG22 Bluetooth LE SoC, engineered for ultra-low-power operation and robust RF performance. Despite the tire's challenging environment—where steel belts and thick rubber layers create a near "Faraday cage" effect—the BG22 ensures reliable wireless communication.BANF's iSensor, mounted inside the tire, measures 3-axis acceleration, pressure, temperature, and tread depth at thousands of samples per second (4 kHz). Instead of transmitting raw data, the system processes and filters it within the tire, extracting key signals such as wheel-nut loosening, slip events, or reduced friction before sending concise alerts to the vehicle. This architecture reduces communication load while significantly improving response time.To meet automotive-grade security requirements, Silicon Labs' Secure Vault™ technology is embedded in the system, protecting tire data from tampering or spoofing—an essential safeguard for autonomous vehicles and large fleet operators.Overcoming Power Constraints with Wireless Energy TransferPower delivery has historically been the greatest obstacle to advanced tire sensing. The interior of a tire is exposed to high heat, centrifugal force, and constant mechanical stress. Batteries degrade quickly under such conditions, and wired power connections are impractical.BANF addresses this challenge through proprietary wireless power transfer technology. Its Smart Profiler, mounted on the vehicle's mudguard or fender, delivers continuous power to the in-tire iSensor using magnetic resonance. This battery-free architecture enables thousands of Hertz of uninterrupted data acquisition and processing."Tires generate terabytes of data related to friction, load, and mechanical stress, but until now there was no viable way to capture and transmit that information in real time," said Adam Sunghan You, CEO of BANF. "By combining Silicon Labs' BG22 with our wireless power technology, we have unlocked a new level of tire intelligence."Enabling Autonomous and Fleet InfrastructureBANF sees this solution as foundational infrastructure for autonomous driving and connected fleets. In driverless trucks and buses, tire slip or traction loss cannot be detected by human intuition. Real-time tire data processed by BG22 can feed directly into chassis control, stability systems, and autonomous driving algorithms."Compute is no longer confined to the CPU—it extends across intelligent peripherals and sensors," said Ross Sabolcik, Senior Vice President of Product Lines, Silicon Labs. "BG22 enables reliable, secure connectivity even in extreme environments, empowering innovators like BANF to digitize traditionally analog systems."BANF plans to leverage accumulated tire data to expand into predictive maintenance, route optimization, and insurance-linked services. By converting tires into intelligent, data-generating assets, the company aims to redefine the value model of vehicle operations.Redefining the Future of Tire IntelligenceThrough this collaboration, BANF and Silicon Labs are digitizing what has long been considered the "last analog domain" within the vehicle. The partnership demonstrates how advanced semiconductor technology and domain-specific innovation can converge to establish new standards in mobility.Read more about how Silicon Labs and BANF built this battery-free sensor in a joint case study on Silabs.com.About BANFBANF is a Korea-based intelligent tire system company focused on real-time tire sensing and wireless power solutions for autonomous and fleet applications.About Silicon LabsSilicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers with the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in smart home, industrial IoT, and smart cities markets. Learn more at https://www.silabs.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/banf-and-silicon-labs-digitize-the-last-analog-domain-with-intelligent-tire-monitoring-solution-302708763.htmlSOURCE Silicon Labs
Original: BANF and Silicon Labs Digitize the "Last Analog Domain" with Intelligent Tire Monitoring Solution
US Market News
4月前
Silicon Labs Reports Fourth Quarter and Full Year 2025 ResultsFebruary 4, 2026 7:02 AM
PR Newswire (US)
AUSTIN, Texas, Feb. 4, 2026 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the fourth quarter and full year 2025, which ended January 3, 2026.
"The Silicon Labs team completed fiscal 2025 with continued strong execution, delivering an impressive year-over-year revenue growth of 34%," said Matt Johnson, President and Chief Executive Officer of Silicon Labs. "That momentum continues as we enter 2026 with record opportunity funnel and design win traction."Due to the separately announced pending acquisition of Silicon Labs by Texas Instruments, Silicon Labs will cancel its previously announced earnings call scheduled for February 10, 2026, and has suspended providing forward-looking guidance.Full Year 2025 Financial HighlightsRevenue was $785 million, up 34% year-over-yearIndustrial & Commercial revenue for the year was $445 million, up 31% year-over-yearHome & Life revenue for the year was $340 million, up 38% year-over-yearResults on a GAAP basis:GAAP gross margin was 58.2%GAAP operating expenses were $528 millionGAAP operating loss was $71 millionGAAP diluted loss per share was $(1.98)Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follows:Non-GAAP gross margin was 58.5%Non-GAAP operating expenses were $434 millionNon-GAAP operating income was $25 millionNon-GAAP diluted earnings per share was $0.92Fourth Quarter Financial Highlights Revenue was $208 million, up 25% year-over-yearIndustrial & Commercial revenue for the quarter was $122 million, up 37% year-over-yearHome & Life revenue for the quarter was $87 million, up 12% year-over-yearResults on a GAAP basis:GAAP gross margin was 63.4%GAAP operating expenses were $135 millionGAAP operating loss was $3 millionGAAP diluted loss per share was $(0.08)Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follows:Non-GAAP gross margin was 63.6%Non-GAAP operating expenses were $112 millionNon-GAAP operating income was $21 millionNon-GAAP diluted earnings per share was $0.56About Silicon Labs Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power wireless connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com.Forward-Looking StatementsThis press release contains forward-looking statements based on Silicon Labs' current expectations. The words "believe", "estimate", "expect", "intend", "anticipate", "plan", "project", "will", and similar phrases as they relate to Silicon Labs are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Silicon Labs 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: fluctuating changes in global trade policies, including the imposition of tariffs, duties, trade sanctions, or other barriers to international commerce; the impact of the current global memory chip shortage; the competitive and cyclical nature of the semiconductor industry; the challenging macroeconomic environment, including disruptions in the financial services industry; geographic concentration of manufacturers, assemblers, test service providers and customers in Asia that subjects Silicon Labs' business and results of operations to risks of natural disasters, epidemics or pandemics, war and political unrest; risks that demand and the supply chain may be adversely affected by military conflict (including in the Middle East, and between Russia and Ukraine), terrorism, sanctions or other geopolitical events globally (including in the Middle East, and conflict between Taiwan and China); risks that Silicon Labs may not be able to maintain its historical growth; quarterly fluctuations in revenues and operating results; difficulties developing new products that achieve market acceptance; risks associated with international activities (including trade barriers, particularly with respect to China); intellectual property litigation risks; risks associated with acquisitions and divestitures; product liability risks; difficulties managing and/or obtaining sufficient supply from Silicon Labs' distributors, manufacturers and subcontractors; dependence on a limited number of products; absence of long-term commitments from customers; inventory-related risks; difficulties managing international activities; risks that Silicon Labs may not be able to manage strains associated with its growth; credit risks associated with its accounts receivable; dependence on key personnel; stock price volatility; the impact of public health crises on the U.S. and global economy; debt-related risks; capital-raising risks; the timing and scope of share repurchases and/or dividends; average selling prices of products may decrease significantly and rapidly; information technology risks; cyber-attacks against Silicon Labs' products and its networks; risks associated with any material weakness in our internal controls over financial reporting; risks relating to compliance with laws and regulations; and other factors that are detailed in the SEC filings of Silicon Laboratories Inc. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. References in this press release to Silicon Labs shall mean Silicon Laboratories Inc.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.Silicon Laboratories Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
(Unaudited)
Three Months Ended
Year Ended
January 3,
2026
December 28,
2024
January 3,
2026
December 28,
2024Revenues$ 208,206
$ 166,249
$ 784,764
$ 584,386Cost of revenues76,128
76,026
327,781
272,198Gross profit132,078
90,223
456,983
312,188Operating expenses:
Research and development89,521
82,438
353,246
332,225Selling, general and administrative45,809
36,412
174,278
145,453Operating expenses135,330
118,850
527,524
477,678Operating loss(3,252)
(28,627)
(70,541)
(165,490)Other income (expense):
Interest income and other, net2,932
2,978
13,604
11,987Interest expense(214)
(260)
(975)
(1,310)Loss before income taxes(534)
(25,909)
(57,912)
(154,813)Provision (benefit) for income taxes2,150
(2,086)
6,995
36,197Net loss$ (2,684)
$ (23,823)
$ (64,907)
$ (191,010)
Loss per share:
Basic$ (0.08)
$ (0.73)
$ (1.98)
$ (5.93)Diluted$ (0.08)
$ (0.73)
$ (1.98)
$ (5.93)
Weighted-average common shares outstanding:
Basic32,920
32,420
32,721
32,191Diluted32,920
32,420
32,721
32,191Non-GAAP Financial MeasurementsIn addition to the GAAP results provided throughout this document, Silicon Labs has provided non-GAAP financial measurements on a basis excluding non-cash and other charges and benefits. Details of these excluded items are presented in the tables below, which reconcile the GAAP results to non-GAAP financial measurements.The non-GAAP financial measurements do not replace the presentation of Silicon Labs' GAAP financial results. These measurements provide supplemental information to assist management and investors in analyzing Silicon Labs' financial position and results of operations. Silicon Labs has chosen to provide this information to investors to enable them to perform meaningful comparisons of past, present and future operating results and as a means to emphasize the results of core on-going operations.Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures(In thousands, except per share data)
Three Months EndedJanuary 3, 2026Non-GAAP Income Statement Items
GAAPMeasure
GAAPPercent ofRevenue
StockCompensationExpense
Intangible AssetAmortization
Other Costs
Non-GAAPMeasure
Non-GAAPPercent ofRevenueRevenues
$ 208,206
Gross profit
132,078
63.4 %
$ 400
$ —
$ —
$ 132,478
63.6 %
Research and development
89,521
43.0 %
12,190
2,295
404
74,632
35.8 %
Selling, general and administrative
45,809
22.0 %
8,089
—
461
37,259
17.9 %
Operating expenses
135,330
65.0 %
20,279
2,295
865
111,891
53.7 %
Operating income (loss)
(3,252)
(1.6 %)
20,679
2,295
865
20,587
9.9 %
Three Months EndedJanuary 3, 2026Non-GAAP Earnings (Loss) Per Share
GAAPMeasure
StockCompensationExpense*
IntangibleAssetAmortization*
OtherCosts*
IncomeTaxAdjustments
Non-GAAPMeasureNet income (loss)
$ (2,684)
$ 20,679
$ 2,295
$ 865
$ (2,511)
$ 18,644
Shares Excluded Due to Net Loss
Diluted shares outstanding
32,920
279
33,199
Diluted earnings (loss) per share
$ (0.08)
$ 0.56
* Represents pre-tax amounts
Twelve Months EndedJanuary 3, 2026Non-GAAP Income Statement Items
GAAPMeasure
GAAP Percent of Revenue
Stock Compensation Expense
Intangible Asset Amortization
Other Costs
Non-GAAP Measure
Non-GAAP Percent of RevenueRevenues
$ 784,764
Gross profit
456,983
58.2 %
$ 1,944
$ —
$ —
$ 458,927
58.5 %
Research and development
353,246
45.0 %
48,447
13,369
934
290,496
37.0 %
Selling, general and administrative
174,278
22.2 %
29,933
—
1,216
143,129
18.2 %
Operating expenses
527,524
67.2 %
78,380
13,369
2,150
433,625
55.3 %
Operating income (loss)
(70,541)
(9.0 %)
80,324
13,369
2,150
25,302
3.2 %
Twelve Months EndedJanuary 3, 2026Non-GAAP Earnings (Loss) Per Share
GAAPMeasure
StockCompensationExpense*
IntangibleAssetAmortization*
OtherCosts*
IncomeTaxAdjustments
Non-GAAPMeasureNet income (loss)
$ (64,907)
$ 80,324
$ 13,369
$ 2,150
$ (591)
$ 30,345
Shares Excluded Due to Net Loss
Diluted shares outstanding
32,721
260
32,981
Diluted earnings (loss) per share
$ (1.98)
$ 0.92
* Represents pre-tax amounts Silicon Laboratories Inc.Condensed Consolidated Balance Sheets(In thousands, except per share data)(Unaudited)
January 3,
2026
December 28,
2024Assets
Current assets:
Cash and cash equivalents$ 364,222
$ 281,607 Short-term investments79,400
100,554 Accounts receivable, net64,513
54,479 Inventories95,566
105,639 Prepaid expenses and other current assets70,316
59,754Total current assets674,017
602,033Property and equipment, net128,643
132,136Goodwill376,389
376,389Other intangible assets, net23,130
36,499Other assets, net67,138
75,617Total assets$ 1,269,317
$ 1,222,674Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable$ 50,717
$ 42,448 Deferred revenue and returns liability5,359
3,073 Other current liabilities87,711
52,362Total current liabilities143,787
97,883Other non-current liabilities31,112
44,770Total liabilities174,899
142,653Commitments and contingencies
Stockholders' equity:
Preferred stock – $0.0001 par value; 10,000 shares authorized; no shares issued —
— Common stock – $0.0001 par value; 250,000 shares authorized; 32,955 and 32,458 shares issued and outstanding at January 3, 2026 and December 28, 2024, respectively3
3 Additional paid-in capital157,402
78,227 Retained earnings936,814
1,001,721 Accumulated other comprehensive income199
70Total stockholders' equity1,094,418
1,080,021Total liabilities and stockholders' equity$ 1,269,317
$ 1,222,674 Silicon Laboratories Inc.Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited)
Year Ended
January 3,
2026
December 28,
2024Operating Activities
Net loss$ (64,907)
$ (191,010)Adjustments to reconcile net loss to net cash provided by (used in) operating
activities:
Depreciation of property and equipment24,716
25,551Amortization of other intangible assets13,369
23,034Stock-based compensation expense80,324
61,503Deferred income taxes881
29,470Changes in operating assets and liabilities:
Accounts receivable(10,034)
(25,184)Inventories9,992
88,494Prepaid expenses and other assets8,826
27,362Accounts payable6,333
(15,155)Other current liabilities and income taxes36,781
(21,768)Deferred revenue and returns liability2,286
956Other non-current liabilities(12,859)
(17,163)Net cash provided by (used in) operating activities95,708
(13,910)
Investing Activities
Purchases of marketable securities(34,790)
(73,602)Sales of marketable securities15,393
54,227Maturities of marketable securities40,716
131,858Purchases of property and equipment(29,922)
(11,748)Proceeds from capital-related government incentives578
—Proceeds from sale of equity investment—
12,382Purchases of other assets(4,000)
—Net cash provided by (used in) investing activities(12,025)
113,117
Financing Activities
Payments on debt—
(45,000)Repurchases of common stock—
(16)Payment of taxes withheld for vested stock awards(15,706)
(16,434)Proceeds from the issuance of common stock14,638
16,346Net cash used in financing activities(1,068)
(45,104)
Increase in cash and cash equivalents82,615
54,103Cash and cash equivalents at beginning of period281,607
227,504Cash and cash equivalents at end of period$ 364,222
$ 281,607
View original content to download multimedia:https://www.prnewswire.com/news-releases/silicon-labs-reports-fourth-quarter-and-full-year-2025-results-302678746.htmlSOURCE Silicon Labs
Original: Silicon Labs Reports Fourth Quarter and Full Year 2025 Results
US Market News
4月前
Texas Instruments to acquire Silicon LabsFebruary 4, 2026 7:00 AM
PR Newswire (US)
Enhances global leadership in embedded wireless connectivity solutionsLeverages Texas Instruments' industry-leading, dependable, low-cost manufacturing capacity to better serve customers Deepens customer engagement through Texas Instruments' reach of market channels and cross-sell opportunitiesExpected to generate ~$450 million of annual manufacturing and operational synergies within three years post-closeDALLAS and AUSTIN, Texas, Feb. 4, 2026 /PRNewswire/ -- Texas Instruments (Nasdaq: TXN), a global semiconductor company that designs, manufactures and sells analog and embedded processing chips, and Silicon Labs (Nasdaq: SLAB), a leader in secure, intelligent wireless technology, today announced they have signed a definitive agreement under which Texas Instruments will acquire Silicon Labs for $231.00 per share in an all-cash transaction, representing a total enterprise value of approximately $7.5 billion.The acquisition will create a global leader in embedded wireless connectivity solutions by combining Silicon Labs' strong portfolio and expertise in mixed signal solutions with Texas Instruments' leading analog and embedded processing portfolio and internally owned technology and manufacturing capabilities. The combined company will accelerate growth by better serving existing and new customers through enhanced innovation and market access. "The acquisition of Silicon Labs is a significant milestone that strengthens our long-term embedded processing strategy. Silicon Labs' leading embedded wireless connectivity portfolio enhances our technology and IP, enabling greater scale and allowing us to better serve our customers. Texas Instruments' industry-leading and internally owned technology and manufacturing is optimized for Silicon Labs' portfolio, and will provide customers dependable supply worldwide," said Haviv Ilan, chairman, president and chief executive officer of Texas Instruments. "Together, we can do more. The Texas Instruments and Silicon Labs teams share a high-performing culture focused on excellence, engineering and innovation, and I am highly confident this transaction positions the combined company to deliver sustained value creation for Texas Instruments' shareholders.""Texas Instruments and Silicon Labs share a strong Texas heritage and a long-term commitment to building technology companies the right way," said Matt Johnson, president and CEO of Silicon Labs. "Over the last decade, Silicon Labs has delivered double-digit growth, driven by the accelerating demand for more connected devices. The opportunity ahead is significant for both Texas Instruments and Silicon Labs. By combining our embedded wireless connectivity portfolio with Texas Instruments' scale, technology and manufacturing capabilities, we will be positioned to serve more customers and accelerate innovation."Compelling strategic and financial benefitsEnhances global leadership in embedded wireless connectivity solutions: With breadth and depth across products, technology and customers, the combined company is positioned to be a leading provider of embedded wireless connectivity solutions, a fast-growing area with more devices getting connected every day. The transaction expands Texas Instruments' portfolio with the addition of approximately 1,200 products that support a variety of wireless connectivity standards and protocols.Leverages industry-leading, dependable and low-cost manufacturing capacity to better serve customers: The transaction positions the combined company to deliver fully integrated process, design and manufacturing capabilities by reshoring Silicon Labs' manufacturing from external foundries, leveraging Texas Instruments' industry-leading and internally owned capacity. Texas Instruments' manufacturing footprint includes 300mm wafer fab facilities in the U.S., as well as internal assembly and test capabilities, providing low-cost capacity available at scale for Silicon Labs' products. Texas Instruments' defined process technologies, including 28nm, are optimized for Silicon Labs' wireless connectivity portfolio, enabling more efficient and faster future process technology design cycles.Deepens customer engagement through reach of market channel and cross-sell opportunities: Texas Instruments' direct customer relationships, experienced sales force, and extensive website and e-commerce capabilities can accelerate growth further. Silicon Labs' record of delivering approximately 15% compound annual revenue growth since 2014 is supported by increasing customer access, cross-sell opportunities and deepening engagement with existing customers. The combined company's strengthened product portfolio will better serve its combined customer base.Substantial synergy opportunity: The transaction is expected to generate ~$450 million in annual manufacturing and operational synergies within three years post-close.Transaction detailsUnder the terms of the agreement, which has been unanimously approved by the Board of Directors of both companies, Silicon Labs stockholders will receive $231.00 in cash for each share of Silicon Labs common stock they hold at the time of closing. Texas Instruments expects to fund the transaction with a combination of cash on hand and debt financing to be arranged prior to closing. The transaction is not subject to any financing contingency.The transaction is expected to close in the first half of 2027, subject to receipt of regulatory approvals and other customary closing conditions, including approval by Silicon Labs stockholders.The transaction is expected to be accretive to Texas Instruments' earnings per share, excluding transaction-related costs, in the first full year post-close. Texas Instruments remains committed to its capital return strategy to return 100% of free cash flow to shareholders over time via dividends and share repurchases.Investor webcastToday at 7 a.m. Central time, Texas Instruments will hold a webcast to discuss the transaction and answer questions.You can access the webcast on the Investor Relations section of Texas Instruments' website at https://investor.ti.com/upcoming-events. A recording of the webcast will be available shortly after the call concludes.AdvisorsGoldman Sachs & Co. LLC is serving as exclusive financial advisor to Texas Instruments, A&O Shearman is serving as legal counsel and Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor.Qatalyst Partners is serving as exclusive financial advisor to Silicon Labs, DLA Piper is serving as legal counsel, and FGS Global is serving as strategic communications advisor. About Texas Instruments Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, data center, personal electronics and communications equipment. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at ti.com.About Silicon LabsSilicon Labs (Nasdaq: SLAB) is a leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets.Additional information and where to find itIn connection with the proposed transaction, Silicon Labs plans to file a proxy statement with the Securities and Exchange Commission ("SEC") with respect to a special meeting of stockholders for purposes of obtaining stockholder approval of the proposed transaction. STOCKHOLDERS OF SILICON LABS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY DOCUMENTS INCORPORATED BY REFERENCE THEREIN) AND OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT SILICON LABS WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Stockholders and investors will be able to obtain free copies of the proxy statement and other relevant materials (when available) and other documents filed by Silicon Labs at the SEC's website at www.sec.gov. Copies of the proxy statement (when available) and the filings that will be incorporated by reference therein may also be obtained, without charge, by contacting Silicon Labs' Investor Relations at