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SiTime Corporation - SITM STOCK NEWS

Welcome to our dedicated page for SiTime Corporation news (Ticker: SITM), a resource for investors and traders seeking the latest updates and insights on SiTime Corporation stock.

SiTime Corporation (NASDAQ: SITM) is a trailblazer in the domain of silicon-based timing solutions. As the leader in MEMS-based timing, SiTime is fundamentally shifting the timing industry by offering configurable solutions that replace traditional quartz devices. The company's offerings enable customers to enhance their products with the highest performance, smallest size, lowest power consumption, and best reliability in the market.

SiTime's extensive product lineup includes Stratum 3E DCOCXOs, Programmable OCXOs, MHz Oscillators, 32.768 kHz Oscillators, Embedded Resonators, Precision MHz Super-TCXOs, and Ruggedized Oscillators. These products are designed to serve a variety of industries such as automotive, infrastructure, aerospace-defense, consumer electronics, Internet of Things (IoT), and industrials.

With a commanding 90% market share and over 1 billion devices shipped, SiTime's solutions allow customers to streamline their supply chains, thereby lowering costs and accelerating time-to-market. Utilizing standard semiconductor processes and high-volume packaging, SiTime ensures the highest availability and shortest lead times in the industry.

SiTime's influence extends globally, with significant market presence in Taiwan, Hong Kong, the United States, and other regions. The majority of its revenue is generated from Taiwan, highlighting the company’s strong foothold in the international market.

Founded as a wholly-owned subsidiary of MegaChips Corporation (Tokyo Stock Exchange: 6875), SiTime continues to innovate and set new standards in silicon-based timing. Recent achievements and ongoing projects underscore SiTime's commitment to driving the electronics industry towards a future dominated by silicon-based timing solutions.

Investors and stakeholders can stay updated on the company’s progress through regular conference calls and press releases. To participate in the upcoming events or to get in touch with SiTime's Investor Relations team, please refer to the latest updates provided.

News

SiTime to Present at the Needham Growth Conference on January 16, 2024

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SiTime Corporation (SITM) to participate in the 26th Annual Needham Growth Conference. CEO Rajesh Vashist and CFO Beth Howe to host fireside chat and virtual meetings with investors on January 16, 2024.
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SiTime Solves Critical Challenges in GPS-enabled Defense Systems

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SiTime Corporation (NASDAQ: SITM) announced the launch of its Endura Epoch Platform, a ruggedized MEMS oven-controlled oscillator (OCXO) designed to boost the resilience of positioning, navigation, and timing (PNT) systems critical in defense operations. The platform offers significant improvements in size, weight, power, and reliability compared to quartz crystal OCXOs, addressing precision timing issues for aerospace and defense applications.
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SiTime Completes Acquisition of Clock Products from Aura Semiconductor

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SiTime Corporation (SITM) has completed the acquisition of clock products from Aura Semiconductor and licensing its clock IP, accelerating its roadmap and vision to become the sole provider of precision timing products.
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SiTime to Participate at Upcoming Investor Conferences

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SiTime Corporation (SITM) CEO and CFO to participate in investor conferences at Raymond James TMT & Consumer Conference on December 4 and Barclays Global Technology Conference on December 7. Webcast available on SiTime's Investor Relations website.
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SiTime Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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SiTime Corporation (NASDAQ: SITM) granted two restricted stock unit awards to Beth Howe, the new Executive Vice President, Chief Financial Officer, as a material inducement to her joining the company. The first RSU for 50,918 shares will vest over four years, and the second RSU for 3,771 shares will vest in full on November 20, 2023. These grants were made in accordance with Nasdaq Listing Rule 5635(c)(4) and are subject to specific terms and conditions.
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SiTime Acquires Clock Products from Aura Semiconductor

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SiTime Corporation has entered into an exclusive agreement with Aura Semiconductor to acquire its clock products and license its clock IP. The all-cash transaction is valued at $148 million, with potential earnouts capped at $120 million. SiTime aims to transform the timing market and plans to offer both clock and oscillator products for the communications, datacenter, and AI markets. The acquisition will bring 20 best-in-class clocks initially, with another 20 expected by the end of 2024. The deal is set to close by the end of 2023.
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SiTime Reports Third Quarter 2023 Financial Results

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SiTime Corporation announces financial results for Q3 2023 with net revenue of $35.5 million, a 28.1% increase from Q2 2023. GAAP gross margins were $19.9 million, or 56.1% of revenue. GAAP net loss was $18.1 million, or $0.81 per basic share. Non-GAAP gross margins were $20.7 million, or 58.2% of revenue. Non-GAAP net income was $1.4 million, or $0.06 per diluted share. SiTime granted 18,057 restricted stock unit awards to newly hired non-executive individuals. Conference call to discuss financial results will be held on November 1, 2023.
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SiTime Appoints Beth Howe as Executive Vice President and Chief Financial Officer; Art Chadwick Announces Retirement

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Beth Howe has been named SiTime's executive vice president and chief financial officer (CFO), effective November 8, 2023. Art Chadwick will step down as CFO and retire, effective November 7, 2023. Beth will be responsible for overseeing all aspects of the company's financial management.
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SiTime Corporation to Announce Third Quarter 2023 Financial Results on November 1, 2023

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SiTime Corporation (Nasdaq: SITM) to announce Q3 2023 financial results on November 1, 2023, after market close. Conference call with CEO and CFO to discuss results at 2:00 p.m. Pacific Time.
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SiTime Transforms Precision Timing with New Epoch Platform

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SiTime announces the SiTime Epoch Platform, unlocking a $2 billion served addressable market in the next decade
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FAQ

What is the current stock price of SiTime Corporation (SITM)?

The current stock price of SiTime Corporation (SITM) is $193.58 as of November 15, 2024.

What is the market cap of SiTime Corporation (SITM)?

The market cap of SiTime Corporation (SITM) is approximately 4.6B.

What does SiTime Corporation specialize in?

SiTime Corporation specializes in MEMS-based silicon timing solutions, replacing traditional quartz devices with high-performance, configurable products.

What industries does SiTime Corporation serve?

SiTime serves multiple industries including automotive, infrastructure, aerospace-defense, consumer electronics, IoT, and industrials.

What types of products does SiTime offer?

SiTime offers a range of products including Stratum 3E DCOCXOs, Programmable OCXOs, MHz Oscillators, 32.768 kHz Oscillators, Embedded Resonators, Precision MHz Super-TCXOs, and Ruggedized Oscillators.

How extensive is SiTime's market presence?

SiTime has a global market presence, with significant sales in Taiwan, Hong Kong, the United States, and other regions, generating most of its revenue from Taiwan.

What recent achievements highlight SiTime's performance?

SiTime has a 90% market share in its domain and has shipped over 1 billion devices, showcasing its leadership in the silicon timing industry.

How does SiTime ensure product availability and lead times?

SiTime uses standard semiconductor processes and high-volume packaging to provide the best availability and shortest lead times in the industry.

Who owns SiTime Corporation?

SiTime is a wholly-owned subsidiary of MegaChips Corporation, listed on the Tokyo Stock Exchange (6875).

How can investors stay updated on SiTime's progress?

Investors can stay updated through regular conference calls and press releases. Details for upcoming events are available on SiTime’s official website.

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SiTime Corporation

Nasdaq:SITM

SITM Rankings

#1344 Ranked by Market Cap
N/A Ranked by Dividends

SITM Stock Data

4.63B
23.36M
19.02%
84.23%
7.08%
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