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SITIME CORP - SITM STOCK NEWS

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

SiTime Corporation (SITM) delivers cutting-edge MEMS timing solutions for aerospace, automotive, and IoT markets. This page provides investors and industry professionals with consolidated access to the company's official announcements and strategic developments.

Track critical updates including quarterly earnings disclosures, product innovation launches, manufacturing expansions, and leadership changes. Our curated feed ensures you never miss regulatory filings, partnership announcements, or technology breakthroughs related to silicon-based timing systems.

Key coverage areas include precision timing solutions for 5G infrastructure, automotive sensor ecosystems, and low-power IoT devices. Bookmark this page for real-time updates on how SITM's configurable MEMS oscillators continue transforming electronic design across mission-critical industries.

News

SiTime to Participate at Upcoming Investor Conferences

Rhea-AI Summary
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)

Rhea-AI Summary
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

Rhea-AI Summary
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

Rhea-AI Summary
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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SiTime Reports Second Quarter 2023 Financial Results

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SiTime Corporation to Announce Second Quarter 2023 Financial Results on August 2, 2023

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SpotSee Forms Life Science Advisory Council with Global Industry Leaders

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SpotSee has formed its inaugural Life Science Advisory Council, consisting of globally recognized experts. The council will contribute to the company's product development, regulatory, and business strategies in the life science sector. The three board members bring extensive industry knowledge and experience to SpotSee.
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SITIME CORP

Nasdaq:SITM

SITM Rankings

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SITM Stock Data

3.07B
19.42M
18.22%
86.28%
5.39%
Semiconductors
Semiconductors & Related Devices
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