Silicon Laboratories Inc. (NASDAQ:SLAB) Q3 2023 Earnings Call Transcript

We’ve talked about health care, Life as an increased focus. And we’ve made a lot of progress there, some of that, which we just shared in the prepared remarks, with Dexcom, which we’re excited about. And another area that hasn’t come up, but it’s worth mentioning, our position in Matter, and the progress in Matter is exciting and going well also. And simply said, for those who aren’t familiar, one of our historically strong positions has been at 15.4 and 15.4 is getting pulled into the mainstream with that. That’s why over 80% of the certifications in Matter are coming from Silicon Labs. And you’re seeing Matter get pulled into the mainstream. You saw the iPhone — latest iPhone 15 Max supporting thread, which is great and that will help pull Matter more into the mainstream and end products where we’re incredibly strong.

So, all those fundamental, end markets and trends are going favorable. We just have an ugly end-market environment and inventory situation that we got to work through to see all the goodness of those other areas coming through going forward.

Operator: This concludes the Q&A session for today. I would like to turn the call back over to Giovanni for closing remarks. Please go ahead.

Giovanni Pacelli : Thank you, Lisa, and thank you all for joining this morning. This concludes today’s call.

Operator: Thank you all for joining. You may all disconnect.