SITM - Mergers and acquisitions

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. Read more at investor resources. 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

Deal Accelerates SiTime's Roadmap to Provide Communications and Datacenter Customers With Highly Differentiated Timing Products SiTime Corporation (NASDAQ:SITM), the precision timing company, today announced it has entered into an exclusive agreement with Aura Semiconductor to acquire its clock products and license all of its clock IP. This is an all-cash transaction, comprised of fixed payments totaling $148 million, and earnouts capped at $120 million. The transaction is expected to close by the end of 2023. "SiTime's vision is to transform all categories of the $10 billion timing market," said Rajesh Vashist, CEO and chairman of SiTime. "Since our IPO in 2019, our singular focus has