SiTime Completes Acquisition of Clock Products from Aura Semiconductor

Rhea-AI Summary

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.

Positive

• Acquisition of clock products and IP from Aura Semiconductor strengthens SiTime's position in precision timing products.

Negative

• None.

SANTA CLARA, Calif.--(BUSINESS WIRE)-- SiTime Corporation (NASDAQ: SITM), the precision timing company, today announced it has completed the acquisition of clock products from Aura Semiconductor and licensing its clock IP. The deal accelerates SiTime’s roadmap and advances the company’s vision to become the only provider of completed and differentiated precision timing products.

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About SiTime

SiTime Corporation is the precision timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power, and better reliability. With more than 3 billion devices shipped, SiTime is changing the timing industry. For more information, visit www.sitime.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231201171276/en/

Simone Souza

SiTime

ssouza@sitime.com

(650) 888 9637

Jeremy Hyatt

Green Flash Media

jeremy@gflashmedia.com

Source: SiTime Corporation

FAQ

What did SiTime Corporation (SITM) announce today?

SiTime Corporation announced the completion of the acquisition of clock products from Aura Semiconductor and licensing its clock IP.

What is the impact of the acquisition on SiTime Corporation (SITM)?

The acquisition accelerates SiTime's roadmap and advances its vision to become the sole provider of precision timing products.

Who did SiTime Corporation (SITM) acquire clock products from?

SiTime Corporation acquired clock products from Aura Semiconductor.

What is the ticker symbol for SiTime Corporation?

The ticker symbol for SiTime Corporation is SITM.