The integrated-circuit maker topped expectations in the fast-growing area.
by Dan Caplinger - The Motley Fool, Feb. 03, 2016 –
In trying to provide solutions for a smarter, more-connected world, Silicon Laboratories (NASDAQ:SLAB) has jumped into the realm of the Internet of Things. The move is a natural fit with its overall mission, and because massive companies like General Electric (NYSE:GE) are planning new applications for the Internet of Things ranging from communications across transportation networks to integrating household appliances with home-control systems, Silicon Labs has a huge opportunity to offer its expertise in integrated circuits with a wide range of potential clients.
Coming into Wednesday's fourth-quarter financial report, Silicon Labs had investors prepared for declines in profits and sales, but the company's results showed its high hopes for the future. Let's take a closer look at how Silicon Labs did recently, and what's next for the IoT player in 2016 and beyond.