Silicon Labs designs wireless semiconductors for the IoT market. Its core product is a wireless System-on-Chip (SoC) — a single chip that integrates a radio transceiver, microcontroller, memory, security hardware, and software into one package. Customers use these chips to add wireless connectivity to devices like smart meters, door locks, glucose monitors, electronic shelf labels, and industrial sensors. Silicon Labs operates a fabless model, outsourcing manufacturing primarily to TSMC and SMIC, which keeps capital requirements low and lets the company focus on chip design and software. The company sells primarily through distributors, with Arrow Electronics and Edom Technology together accounting for roughly half of revenue. About 91% of revenue is generated outside the U.S. Silicon Labs organizes its business into two segments: Industrial & Commercial (~57% of revenue), covering smart metering, ESLs, building automation, and industrial controls; and Home & Life (~43% of revenue), covering smart home devices, connected health, and consumer electronics. The design-win process is central to Silicon Labs' go-to-market approach — applications engineers embed Silicon Labs chips into a customer's product architecture, a process that can take years, after which customers are reluctant to switch suppliers. Silicon Labs' current flagship platform is Series 2; Series 3, on a 22nm process node, began ramping in FY25 and is expected to carry higher average selling prices. In February 2026, Texas Instruments announced it would acquire Silicon Labs at $231.00 per share in cash, with the deal expected to close in the first half of 2027.