SANTA CLARA, Calif. and TOKYO, Feb. 04, 2026 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, and Renesas Electronics Corporation (TSE: 6723) (“Renesas”), a premier supplier of advanced semiconductors, today announced that SiTime and Renesas' consolidated subsidiary, Renesas Electronics America Inc., have signed a definitive agreement whereby SiTime will acquire certain assets related to Renesas' timing business. The acquisition accelerates SiTime's path to $1 billion of revenue as the premier pure-play Precision Timing company with an industry leading portfolio to fully meet customers' needs for high-performance timing products. Additionally, the companies have signed a partnership MOU to explore SiTime's MEMS resonator integration into Renesas' embedded computing products.
