SiTime Confirms Discussions with Renesas Regarding Potential Acquisition of Renesas’ Timing Business

SANTA CLARA, Calif.--(BUSINESS WIRE)--SiTime Corporation (NASDAQ: SITM), the Precision Timing company, today confirmed that it is in discussions with Renesas Electronics Corporation (“Renesas”) regarding a potential acquisition of Renesas’ timing business. No agreement has been reached, and there can be no assurance that any transaction will result from these discussions or on what terms any transaction may occur. The Company does not intend to make further comments with respect to the discussi