Silicon Labs’ second quarter results
30 August 2024
News
Silicon Labs recently released its second-quarter financial highlights. Reported revenue was $145 million, with the Industrial & Commercial business accounting for $88 million, while Home & Life reported $57 million. GAAP gross margin was 53%, operating expenses totalled $125 million, with an operating loss amounting to $48 million. This resulted in a diluted loss per share of $-2,56.
“Silicon Labs delivered another quarter of strong sequential growth, driven by a combination of design wins ramping to production in key growth areas, and end customers working down their excess inventory,” said Matt Johnson, president and CEO at Silicon labs. “Looking forward, we expect revenue growth to continue in the third quarter, as excess inventory is further reduced, design wins continue ramping, and bookings improve.”
For more information visit www.silabs.com
Further reading:
Workshop: Product development and industrialisation
News
SKEG is excited to join forces with The Lion Cage to present a workshop on the intricacies of product development and industrialisation to assist in guiding innovative ventures to scale.
Read more...
Infineon Academy
Infineon Technologies
News
Infineon Academy offers a range of over 600 product and application trainings, all carefully curated to help visitors maximise the benefits of Infineon offerings.
Read more...
From the editor's desk: Can IoT innovation in SA be a thing?
Technews Publishing
News
To support a cellular-based IoT industry, more needs to be done to address the cost and connectivity issues plaguing local players, and until that is done, SA will continue to remain at the back of the pack.
Read more...
Conical has moved
Conical Technologies
News
Conical Technologies recently moved into new premises located at 434 Rigel Avenue, Erasmusrand, Pretoria.
Read more...
Lifetime achievement award
News
KIOXIA, the inventor of NAND flash memory, is the recipient of the FMS: the Future of Memory and Storage Lifetime Achievement Award for 2024 for its vertical stacking technology.
Read more...
Solar Youth Academy training programme
News
At the beginning of May 2024, 23 young people embarked on a solar training programme at the Solar Youth Academy in Cape Town. This pilot group has now graduated the first stage, with internships being provided for each graduate, providing proof that SA finally has a working and sustainable youth training programme with the potential to change lives.
Read more...
Three lessons learned from successful SMEs over the past 27 years
Editor's Choice News
Companies that prioritise employee growth and create a positive work environment tend to have higher employee retention rates and better overall performance.
Read more...
Robbie Venter, former CEO of Altron, passes
Altron Arrow
News
It is with sadness that we report on the passing of the former chief executive and board member of South African technology group Altron, Robert (Robbie) Venter.
Read more...
AI pest detection tool wins Africa Prize for Engineering Innovation
News
Esther Kimani’s early crop pest and disease detection device was selected as the winning innovation for its ability to swiftly detect and identify agricultural pests and diseases, reducing crop losses for smallholder farmers.
Read more...
GSMA Open Gateway initiative services to combat fraud
News
Telecommunications operators Cell C, MTN, and Telkom have welcomed the launch of two universal network APIs, that will be available in South Africa, to help combat fraud and digital identity theft.
Read more...
printer friendly version