Last week, Silicon Labs announced the sale of our Infrastructure & Automotive (I&A) business for $2.75 billion to Skyworks Solutions. In doing so, Silicon Labs will be a pure-play leader in intelligent, wireless connectivity for the IoT. As an IoT pure-play, our business can simplify and focus to accelerate our IoT market leadership and growth. This is a great outcome for both our IoT and I&A teams and a rare but authentic win-win-win for all involved. I’m glad to see others evaluating the transaction feel the same way.
The same day we announced that historic news, I was honored and humbled to be appointed president of Silicon Labs. I’ve truly been blown away by all the kind and encouraging notes I’ve received and I want to thank everyone who’s reached out to wish both me and the company well as we continue our journey.
Anyone who knows me knows that I’m a believer in the power and potential of our people. Our talented global team pours their passion into their work every day, and the market is rewarding us for it. The market is acknowledging Silicon Labs as the leader of intelligent connectivity with unmatched breadth and depth in our wireless portfolio, the world’s most secure IoT platform, and an extremely strong ecosystem with tens of thousands of customers and hundreds of strategic partners.
Our business is now positioned to capitalize on the truly massive IoT opportunity in front of us with a singular focus. I know I speak for everyone moving forward with the business as an IoT pure-play when I say that the team is energized, focused and ready to help our IoT customers and partners achieve even more success moving forward. We’ve still only scratched the surface of what the IoT can be. There’s so much more to do, and we’re ready to do it.
PS: based on the success of Works With 2020, we’ll be connecting the IoT industry once again at Works With 2021 which is now open for free registration. Works With 2021 is Silicon Labs’ first big opportunity as a pure-play to gather the IoT industry together to accelerate the creation of IoT innovations for homes, retailers, workplaces, cities, healthcare, and more. Hope you’ll join us!
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