SiTime to acquire Renesas' timing business for $2.9 billion

SiTime Corporation signed a definitive agreement on February 4, 2026, to acquire certain assets of Renesas Electronics' timing business for approximately $2.9 billion in cash and stock. The acquired business generated $300 million in revenue with 70% gross margin.

“This acquisition is a monumental milestone toward fulfilling our vision to transform the timing market and solve our customers’ toughest timing challenges.”sitime.com

• 1 source
• sitime.comSiTime to Acquire Renesas’ Timing Business | SiTimeFeb 4, 2026

Summarized from public sources; check the original articles before acting on it.