Silicon Laboratories(SLAB) - 2020 Q4 - Earnings Call Presentation

Company Overview - Silicon Labs is a leading provider of silicon, software, and solutions for a smarter, more connected world[4] - The company focuses on simplicity and scale to accelerate growth with a scalable, fabless manufacturing model[4] - Silicon Labs has a global presence with headquarters in Austin, TX, and international operations[6] Market Opportunity and Growth - The company estimates a $31 billion Total Addressable Market (TAM) and a $14 billion Serviceable Available Market (SAM) in 2023[16] - The SAM is expected to grow at a 9% Compound Annual Growth Rate (CAGR) from 2019 to 2023[17] - The IoT market SAM is projected to reach $10 billion in 2023, with a 10% CAGR from 2019-2023[32, 33] Core Product Categories - In 2020, IoT accounted for 58% of the company's revenue, while Infrastructure & Automotive contributed 42%[29] Financial Performance and Model - The company's target financial model includes a gross margin of 58-60% and an operating income of 20-25%[68] - Silicon Labs has generated approximately $17 billion in cumulative operating cash flow since 2007[72]