SiTime completes Renesas timing assets deal

• SiTime (NASDAQ:SITM) completed its acquisition of select timing assets from Renesas Electronics.
• The acquired business is expected to generate at least $300 million in revenue over the next 12 months.
• SiTime said the deal supports its plan to expand in AI data center timing systems and scale toward $1 billion revenue.

SiTime (NASDAQ:SITM) completed its acquisition of certain timing assets from Renesas Electronics, expanding its precision timing semiconductor portfolio.

The deal builds on an earlier February 2026 agreement and adds a clocking business with a 30-year product history and exposure to AI data center and communications markets.

SiTime said the acquired business serves more than 10,000 customers and generates around 70% gross margins, with about 75% of revenue coming from AI data center and communications segments.

The company also said the acquired operations are expected to contribute at least $300 million in revenue over the 12 months following completion.

SiTime CEO Rajesh Vashist previously said the acquisition supports the company’s plan to expand its clocking portfolio and move closer to a $1 billion revenue target.

Renesas CEO Hidetoshi Shibata said the companies will explore collaboration, including integrating SiTime MEMS resonators into Renesas embedded computing products.

SiTime said Shibata is expected to join its board of directors as part of the broader partnership agreement.