AUSTIN,
Texas, April 24, 2024 /PRNewswire/
-- Silicon Labs (NASDAQ: SLAB), a leader in secure,
intelligent wireless technology for a more connected world, today
announced the appointment of industry veteran Bob Conrad as its Senior Vice President of
Worldwide Operations. Conrad transitions from his current role
serving on Silicon Labs' Board of Directors and brings over 40
years of experience in the semiconductor industry to his new
position. With a distinguished career that includes leadership
roles at Texas Instruments, Analog Devices, Fairchild
Semiconductor, Freescale, and NXP Semiconductors, Conrad's
extensive background will bolster Silicon Labs' global operations
as the company advances its manufacturing and supply chain
capabilities.
"Bob's appointment is a strategic step forward for Silicon Labs
as we look to enhance our operational excellence and continue to
scale our supply chain to capture the incredible market opportunity
we have in front of us. His leadership, deep industry knowledge,
and familiarity with our company's culture will ensure a smooth and
productive transition," said Matt
Johnson, President and CEO of Silicon Labs. "Bob's expertise
in rapidly scaling semiconductor businesses is another exciting
step forward for us on our growth journey."
In line with these changes, Sandeep
Kumar, currently leading global operations, will depart from
Silicon Labs in the second half of 2024. Sandeep has been pivotal
in leading Silicon Labs' operational strategies, expanding
manufacturing capabilities, and managing complex supply chain
logistics. During his nearly two decades of service, he has
significantly contributed to the company's growth and
successes.
"Sandeep has been a cornerstone of Silicon Labs' operational
success. His leadership and dedication have left a lasting impact
on our company," Johnson remarked. "We are incredibly grateful for
his nearly two decades of service and wish him the best in his
future endeavors."
About Silicon Labs
Silicon Labs (NASDAQ: SLAB) is a leader in secure,
intelligent wireless technology for a more connected
world. Our integrated hardware and software platform,
intuitive development tools, thriving ecosystem, and
robust support make us an ideal long-term partner in building
advanced industrial, commercial, home and life
applications. We make it easy for developers to solve
complex wireless challenges throughout the
product lifecycle and get to market
quickly with innovative solutions that transform
industries, grow economies, and improve lives.
silabs.com
Forward-Looking Statements
This press release contains forward-looking statements based on
Silicon Labs' current expectations. The words "believe",
"estimate", "expect", "intend", "anticipate", "plan", "project",
"will", and similar phrases as they relate to Silicon Labs are
intended to identify such forward-looking statements. These
forward-looking statements reflect the current views and
assumptions of Silicon Labs and are subject to various risks and
uncertainties that could cause actual results to differ materially
from expectations. Among the factors that could cause actual
results to differ materially from those in the forward-looking
statements are the following: the competitive and cyclical nature
of the semiconductor industry; the challenging macroeconomic
environment, including disruptions in the financial services
industry; geographic concentration of manufacturers, assemblers,
test service providers and customers in Asia that subjects Silicon Labs' business and
results of operations to risks of natural disasters, epidemics or
pandemics, war and political unrest; risks that demand and the
supply chain may be adversely affected by military conflict
(including in the Middle East, and
between Russia and Ukraine), terrorism, sanctions or other
geopolitical events globally (including in the Middle East, and conflict between Taiwan and China); risks that Silicon Labs may not be
able to maintain its historical growth; quarterly fluctuations in
revenues and operating results; difficulties developing new
products that achieve market acceptance; risks associated with
international activities (including trade barriers, particularly
with respect to China);
intellectual property litigation risks; risks associated with
acquisitions and divestitures; product liability risks;
difficulties managing and/or obtaining sufficient supply from
Silicon Labs' distributors, manufacturers and subcontractors;
dependence on a limited number of products; absence of long-term
commitments from customers; inventory-related risks; difficulties
managing international activities; risks that Silicon Labs may not
be able to manage strains associated with its growth; credit risks
associated with its accounts receivable; dependence on key
personnel; stock price volatility; the impact of COVID-19 on the
U.S. and global economy; debt-related risks; capital-raising risks;
the timing and scope of share repurchases and/or dividends; average
selling prices of products may decrease significantly and rapidly;
information technology risks; cyber-attacks against Silicon Labs'
products and its networks; risks associated with any material
weakness in our internal controls over financial
reporting; and other factors that are detailed in the SEC
filings of Silicon Laboratories Inc. Silicon Labs disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise. References in this press release to Silicon Labs
shall 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 noted herein may be
trademarks of their respective holders.
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SOURCE Silicon Labs