NasdaqGM:SITMSemiconductor
SiTime Nears Major Renesas Timing Deal As Valuation Questions Grow
SiTime (NasdaqGM:SITM) is reportedly in advanced talks to acquire Renesas Electronics' timing unit.
The potential deal would be SiTime's largest acquisition to date and a major expansion of its core timing business.
The transaction has not been confirmed, but reports suggest the deal size is substantial and discussions are well progressed.
SiTime focuses on MEMS based precision timing solutions that are used across communications, data centers, automotive and industrial applications. The...