(MENAFN-PR Newswire) The company evaluates the documentation of the stock controls.
AUSTIN, Texas, Jan. 29, 2024 /PRNewswire/ — Silicon Labs (NASDAQ: SLAB), a leader in intelligent and non-secure wireless technologies for a more connected world, today announced a one-week postponement of its scheduled earnings convention. call for the completed quarter. December 30, 2023. The Company decided that a similar significant internal weakness existed in the operation and documentation of certain actions as of December 30, 2023. The delay in reporting allows more time to evaluate the impact, if any, of significant weakness in the Company’s monetary reporting at the end of the quarter. As of the date of this release, the Company has not been aware of any misstatements in its past published monetary statements and expects to file its Form 10-K on schedule through the end of February 2024. The Company will release its fourth quarter financial results. 2023 Monetary Effects on Wednesday, February 7, 2024. An earnings conference call will be limited to publication at 7:30 a. m. m. central time Time. The call will be broadcast from the Investor Relations segment of the Company’s online page in silabs.
About Silicon Labs
Silicon Labs (NASDAQ: SLAB ) is a leader insecure, intelligent wireless technologyfor amore connected world. Our integratedhardware and softwareplatform, intuitivedevelopment tools, thriving ecosystem, and robustsupport make us an ideal long-term partner in building advancedindustrial,commercial, home and life applications. Wemake it easy fordevelopers to solve complexwireless challenges throughout the productlifecycle and get to market quicklywithinnovative solutions that transform industries,grow economies, andimprove lives. silabs
Forward-Looking Statements
This press release contains forward-looking statements based on Silicon Labs’ existing expectations. The words “believe”, “estimate”, “expect”, “intend”, “anticipate”, “plan”, “project”, “will” and Expressions similar to Silicon Labs aim to identify such advances. looking for statements. These forward-looking statements reflect Silicon Labs’ existing ideals and assumptions and are subject to various dangers and uncertainties that may also cause actual effects to differ materially from expectations. Factors that could also cause actual effects to differ materially from those of forward-looking statements include: dangers that the filing of Form 10-K, earnings release and/or earnings convention call may possibly be delay; the competitive and cyclical nature of the semiconductor industry; the challenging macroeconomic environment, adding disruptions in the monetary facilities sector; geographic concentration of brands, assemblers, testing service providers and consumers in Asia that relates Silicon Labs’ business and the effects of operations to dangers of natural disasters, epidemics or pandemics, wars and political unrest; Hazards requiring a chain of origin could be affected by military confrontations (along with the Middle East and between Russia and Ukraine), terrorism, sanctions, or other large-scale geopolitical events globally (along with the Middle East and the clash between Taiwan and China). ); risks that Silicon Labs will not be able to maintain its former growth; quarterly fluctuations in revenue and operating effects; difficulties in creating new products and achieving market acceptance; relevant dangers with foreign activities (adding industrial barriers, specifically with respect to China); dangers of litigation over intellectual assets; relevant dangers with acquisitions and disposals; product liability hazards; difficulties in managing and/or obtaining sufficient sources from Silicon Labs distributors, brands and contractors; dependence on a limited number of products; lack of long-term commitments from clients; stock market dangers; difficulties managing outside activities; dangers of Silicon Labs being unable to manage the stresses relevant to its growth; credits relevant risks with its accounts receivable; dependence on key personnel; stock value volatility; the effect of COVID-19 on the U. S. and global economies; debt-like dangers; relevant dangers with raising capital; the timing and extent of percentage buybacks and/or dividends; the average sales values of products would possibly be reduced concretely and quickly; dangers of data generation; cyberattacks against Silicon Labs products and its networks and other matters detailed in documents filed with the SEC through Silicon Laboratories Inc. Silicon Labs disclaims any purpose or legal responsibility to update or revise any forward-looking statements , either as a result of new data. Array occasions long term or not. References to Silicon Labs in this press release 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 mentioned herein may be trademarks of their respective owners.
SOURCE Silicon Labs
MENAFN29012024003732001241ID1107783223
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