# 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.

- Type: Acquisition
- Announced: 2023-11-01
- Value: $148.0M
- Status: announced
- Products: clock products, timing IP
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Aura Semiconductor](https://endata.com/companies/32116.md) (target)
- [SiTime Corporation](https://endata.com/companies/32138.md) (acquirer)

## Sources

- [sitime.com](https://www.sitime.com/company/newsroom/press-release/sitime-acquires-clock-products-aura-semiconductor), 2023-11-01: "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."
- [business.sherbrookerecord.com](https://business.sherbrookerecord.com/observerreporter/article/bizwire-2023-12-1-sitime-completes-acquisition-of-clock-products-from-aura-semiconductor), 2023-12-01: "SiTime Corporation today announced it has completed the acquisition of clock products from Aura Semiconductor and licensing its clock IP."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.