Silicon Labs amends convertible notes to require cash settlement of principal upon conversion

SILICON LABORATORIES INC.

Irrevocably eliminated option for physical settlement on conversions after Jan 2, 2022.
For Combination Settlement, cash component set at $1,000 per $1,000 principal of notes.
Amendment applies to the 0.625% Convertible Senior Notes due 2025.
This change removes potential dilution from conversion of the notes.

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