Mergers & Acquisitions ·
SiTime Corporation completed the acquisition of Renesas Electronics America's timing business on July 1, 2026, for…
SITMSITIME Corp
SiTime Corporation completed the acquisition of Renesas Electronics America's timing business on July 1, 2026, for approximately $1.5 billion in cash and 3,558,691 shares of common stock. The company also entered into a $200 million senior secured revolving credit facility with Wells Fargo Bank, National Association, effective June 30, 2026. SiTime Corporation is a semiconductor company that provides timing solutions for various electronic applications.