SANTA CLARA, Calif. & TOKYO — February 4, 2026 — SiTime Corporation (Nasdaq: SITM), the Precision Timing company, and Renesas Electronics Corporation (TSE: 6723), a leading global semiconductor supplier, today announced that they have entered into a definitive agreement under which SiTime will acquire certain assets of Renesas’ timing business. The transaction significantly expands SiTime’s timing portfolio and strengthens its position in high-growth markets including AI datacenters, communications infrastructure, and advanced embedded systems.
The acquired timing business is expected to generate approximately $300 million in revenue within 12 months of closing, with gross margins of roughly 70%. Approximately 75% of the revenue is derived from AI datacenter and communications applications, aligning strongly with SiTime’s long-term growth strategy and target of achieving $1 billion in annual revenue.
“This acquisition represents a major strategic milestone for SiTime,” said Rajesh Vashist, Chairman and CEO of SiTime. “By combining Renesas’ proven timing portfolio with our MEMS-based precision timing technology, we significantly expand our addressable market and enhance our ability to solve complex timing challenges for customers in the fastest-growing segments of the industry.”
As part of the transaction, SiTime and Renesas have also signed a Memorandum of Understanding to explore future collaboration opportunities, including the potential integration of SiTime’s MEMS resonators into Renesas’ embedded computing platforms.
Hidetoshi Shibata, CEO of Renesas, commented, “This transaction allows Renesas to further sharpen its focus on embedded computing solutions while ensuring continuity and long-term innovation for our timing customers. We believe SiTime is well positioned to take this business forward and deliver enhanced value through its differentiated timing technology.”
The timing business being acquired brings more than 30 years of clocking expertise, a broad product portfolio, and a global customer base of over 10,000 customers. The combination will enable SiTime to address a wider range of applications, including AI and cloud infrastructure, networking, industrial automation, automotive systems, robotics, and consumer electronics.
Transaction Details
Under the terms of the agreement, SiTime will acquire the Renesas timing business for $1.5 billion in cash and approximately 4.13 million shares of SiTime common stock, subject to customary closing adjustments. The transaction will be financed through a combination of existing cash and a fully committed debt facility. The acquisition has been approved by the boards of directors of both companies and is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions.
