SiTime completed the acquisition of the clock products business of Aura Semiconductor for $268m.

SiTime, a precision timing company, completed the acquisition of the clock products business of Aura Semiconductor, a semiconductor manufacturer, for $268m. “SiTime’s vision is to transform all categories of the $10bn timing market. Since our IPO in 2019, our singular focus has been on solving the most difficult problems in the oscillator category, and that has paid off. In these four years, we’ve grown from 60 to 150 unique products, and the price of our highest-value oscillator has grown tenfold. With this acquisition, we bring our focus to the category of clocks, adding 20 best-in-class clocks now, and another 20 by the end of 2024," Rajesh Vashist, SiTime Chairman and CEO.