Silicon Labs increases share repurchase authorization by $50M to $500M

SILICON LABORATORIES INC.

Board raised share repurchase authorization by $50M to $500M total, effective through December 30, 2023.
Remaining authorized amount is $300M as of November 1, 2022, inclusive of the incremental $50M.
Repurchases may be executed in open market or private transactions subject to market conditions and legal requirements.
CFO cited strong cash generation and liquidity as supporting the program while investing in growth.

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