Wednesday, July 25, 2012

Silicon Laboratories: Better Than Expected Results

Austin-based Silicon Labs, the publicly held provider of mixed signal and analog semiconductors, said today that it had second quarter revenue of $135.7, which it exceeded expectations and represented "significant growth" for the company. The firm said the growth came in all three of its major product categories, including access, broadcast, and broad-based product lines. The firm attributed the growth to trends in the industry, particularly build-out of infrastructure to support bandwidth needs for customers. The company now has a healthy, $323M in cash and cash equivalents and investments from its cash flow from operations.