SiTime acquires clock products from Aura Semiconductor for up to $268M

SiTime entered an exclusive agreement to acquire clock products and license clock IP from Aura Semiconductor for fixed payments of $148 million and earnouts up to $120 million. The transaction is expected to close by end of 2023.

“SiTime Corporation today announced it has entered into an exclusive agreement with Aura Semiconductor to acquire its clock products and license all of its clock IP.”sitime.com

• 2 sources
• sitime.comSiTime Acquires Clock Products from Aura Semiconductor | SiTimeNov 1, 2023
• business.sherbrookerecord.comSiTime Completes Acquisition of Clock Products from Aura SemiconductorSiTime CorporationDec 1, 2023

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