NasdaqGS:SLABSemiconductor
Silicon Laboratories (SLAB) Expands IoT Reach With New FG23L SoC And Digi XBee Partnership
Silicon Laboratories (SLAB) recently saw an 8% price increase over the last month. This upward movement coincided with the September announcement of the FG23L Wireless SoC, which bolsters the company's Sub-GHz leadership and targets expansion in industrial IoT markets. The broader market trends have also been favorable, with the S&P 500 and Nasdaq reaching all-time highs. While the market's upward movement played a role in the stock's performance, the strategic announcement of the FG23L...