"Innovate or die" is a pretty good mantra for most of the chip industry, and it's certainly true for Silicon Labs (NASDAQ:SLAB). This diversified chipmaker's stock has spent most of the last four years oscillating between $30 and $50 as products like PC modems and FM tuners that once drove a large part of the company's growth have become commoditized or integrated into other products.
Now the question seems to be when (and perhaps "if") the company can latch on to the next big thing. At this point, Silicon Labs appears to be in good position to leverage the growth of the "internet of things", and could be positioning itself to be a much stronger player in lower-power...
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