SiTime to acquire the timing business of Renesas Electronics for $2.9bn.

SiTime, the precision timing company, agreed to acquire the timing business of Renesas Electronics, a supplier of advanced semiconductors, for $2.9bn. "This acquisition is a monumental milestone toward fulfilling our vision to transform the timing market and solve our customers’ toughest timing challenges. With Renesas’ timing business, we will increase our clocking portfolio by more than 10x and extend our reach in the fastest growing applications in the timing market, including comms, enterprise and datacenter. Notably, these applications are expected to represent more than 60% of SiTime’s revenue, post-acquisition. We are confident that the acquisition will deliver exceptional value for our shareholders as we build on our strong record of financial performance as underscored by our 2025 results announced today," Rajesh Vashist, SiTime Chairman and CEO.