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StreetInsider.com News Articles http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Wed, 01 Jul 2026 05:00:12 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif StreetInsider.com News Articles http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday SiTime completes acquisition of Renesas' timing business http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html <p>SiTime Corporation (Nasdaq: SITM) has completed the acquisition of certain timing business assets from Renesas Electronics Corporation (TSE: 6723), the companies announced. The deal was first announced in February 2026.</p> <p>The acquired business has an approximately 70% gross margin profile and serves over 10,000 customers. Nearly 75% of its revenue comes from the AI datacenter and communications segment, with the remainder in industrial and automotive markets. SiTime expects the acquired business to generate at least $300 million in revenue in the 12 months following the transaction's close.</p> <p>Rajesh Vashist, chairman and CEO of SiTime, said the acquisition "will transform SiTime," adding that http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html Wed, 01 Jul 2026 05:00:12 -0400 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime completes acquisition of Renesas' timing business http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html <p>SiTime Corporation (Nasdaq: SITM) has completed the acquisition of certain timing business assets from Renesas Electronics Corporation (TSE: 6723), the companies announced. The deal was first announced in February 2026.</p> <p>The acquired business has an approximately 70% gross margin profile and serves over 10,000 customers. Nearly 75% of its revenue comes from the AI datacenter and communications segment, with the remainder in industrial and automotive markets. SiTime expects the acquired business to generate at least $300 million in revenue in the 12 months following the transaction's close.</p> <p>Rajesh Vashist, chairman and CEO of SiTime, said the acquisition "will transform SiTime," adding that http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html Wed, 01 Jul 2026 05:00:12 -0400 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime completes acquisition of Renesas' timing business http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html <p>SiTime Corporation (Nasdaq: SITM) has completed the acquisition of certain timing business assets from Renesas Electronics Corporation (TSE: 6723), the companies announced. The deal was first announced in February 2026.</p> <p>The acquired business has an approximately 70% gross margin profile and serves over 10,000 customers. Nearly 75% of its revenue comes from the AI datacenter and communications segment, with the remainder in industrial and automotive markets. SiTime expects the acquired business to generate at least $300 million in revenue in the 12 months following the transaction's close.</p> <p>Rajesh Vashist, chairman and CEO of SiTime, said the acquisition "will transform SiTime," adding that http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html Wed, 01 Jul 2026 05:00:12 -0400 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime completes acquisition of Renesas' timing business http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html <p>SiTime Corporation (Nasdaq: SITM) has completed the acquisition of certain timing business assets from Renesas Electronics Corporation (TSE: 6723), the companies announced. The deal was first announced in February 2026.</p> <p>The acquired business has an approximately 70% gross margin profile and serves over 10,000 customers. Nearly 75% of its revenue comes from the AI datacenter and communications segment, with the remainder in industrial and automotive markets. SiTime expects the acquired business to generate at least $300 million in revenue in the 12 months following the transaction's close.</p> <p>Rajesh Vashist, chairman and CEO of SiTime, said the acquisition "will transform SiTime," adding that http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html Wed, 01 Jul 2026 05:00:12 -0400 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime completes acquisition of Renesas' timing business http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html <p>SiTime Corporation (Nasdaq: SITM) has completed the acquisition of certain timing business assets from Renesas Electronics Corporation (TSE: 6723), the companies announced. The deal was first announced in February 2026.</p> <p>The acquired business has an approximately 70% gross margin profile and serves over 10,000 customers. Nearly 75% of its revenue comes from the AI datacenter and communications segment, with the remainder in industrial and automotive markets. SiTime expects the acquired business to generate at least $300 million in revenue in the 12 months following the transaction's close.</p> <p>Rajesh Vashist, chairman and CEO of SiTime, said the acquisition "will transform SiTime," adding that http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html Wed, 01 Jul 2026 05:00:12 -0400 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime completes acquisition of Renesas' timing business http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html <p>SiTime Corporation (Nasdaq: SITM) has completed the acquisition of certain timing business assets from Renesas Electronics Corporation (TSE: 6723), the companies announced. The deal was first announced in February 2026.</p> <p>The acquired business has an approximately 70% gross margin profile and serves over 10,000 customers. Nearly 75% of its revenue comes from the AI datacenter and communications segment, with the remainder in industrial and automotive markets. SiTime expects the acquired business to generate at least $300 million in revenue in the 12 months following the transaction's close.</p> <p>Rajesh Vashist, chairman and CEO of SiTime, said the acquisition "will transform SiTime," adding that http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html Wed, 01 Jul 2026 05:00:12 -0400 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime completes acquisition of Renesas' timing business http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html <p>SiTime Corporation (Nasdaq: SITM) has completed the acquisition of certain timing business assets from Renesas Electronics Corporation (TSE: 6723), the companies announced. The deal was first announced in February 2026.</p> <p>The acquired business has an approximately 70% gross margin profile and serves over 10,000 customers. Nearly 75% of its revenue comes from the AI datacenter and communications segment, with the remainder in industrial and automotive markets. SiTime expects the acquired business to generate at least $300 million in revenue in the 12 months following the transaction's close.</p> <p>Rajesh Vashist, chairman and CEO of SiTime, said the acquisition "will transform SiTime," adding that http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html Wed, 01 Jul 2026 05:00:12 -0400 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime completes acquisition of Renesas' timing business http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html <p>SiTime Corporation (Nasdaq: SITM) has completed the acquisition of certain timing business assets from Renesas Electronics Corporation (TSE: 6723), the companies announced. The deal was first announced in February 2026.</p> <p>The acquired business has an approximately 70% gross margin profile and serves over 10,000 customers. Nearly 75% of its revenue comes from the AI datacenter and communications segment, with the remainder in industrial and automotive markets. SiTime expects the acquired business to generate at least $300 million in revenue in the 12 months following the transaction's close.</p> <p>Rajesh Vashist, chairman and CEO of SiTime, said the acquisition "will transform SiTime," adding that http://www.streetinsider.com/Mergers+and+Acquisitions/SiTime+completes+acquisition+of+Renesas%27+timing+business/26715830.html Wed, 01 Jul 2026 05:00:12 -0400 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary http://www.streetinsider.com/Press+Releases/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html <p> TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “<a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renesas.com%2Fen%2Fabout%2Fnewsroom%2Fnotice-regarding-business-transfer-consolidated-subsidiary&esheet=54563374&newsitemid=20260701204632&lan=en-US&anchor=Notice+Regarding+Business+Transfer+of+Consolidated+Subsidiary&index=1&md5=5341ae002475aea2c6dd74178cccdf88" shape="rect">Notice Regarding Business Transfer of Consolidated Subsidiary</a>” dated February 5, 2026, has been completed as of July 1, 2026. </p><p> <b>1. Overview</b> </p><p> This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States. </p><p> Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer http://www.streetinsider.com/Press+Releases/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 O.05105943 O.10063569 RNECY UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary http://www.streetinsider.com/Press+Releases/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html <p> TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “<a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renesas.com%2Fen%2Fabout%2Fnewsroom%2Fnotice-regarding-business-transfer-consolidated-subsidiary&esheet=54563374&newsitemid=20260701204632&lan=en-US&anchor=Notice+Regarding+Business+Transfer+of+Consolidated+Subsidiary&index=1&md5=5341ae002475aea2c6dd74178cccdf88" shape="rect">Notice Regarding Business Transfer of Consolidated Subsidiary</a>” dated February 5, 2026, has been completed as of July 1, 2026. </p><p> <b>1. Overview</b> </p><p> This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States. </p><p> Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer http://www.streetinsider.com/Press+Releases/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 O.05105943 O.10063569 RNECY UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary http://www.streetinsider.com/Press+Releases/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html <p> TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “<a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renesas.com%2Fen%2Fabout%2Fnewsroom%2Fnotice-regarding-business-transfer-consolidated-subsidiary&esheet=54563374&newsitemid=20260701204632&lan=en-US&anchor=Notice+Regarding+Business+Transfer+of+Consolidated+Subsidiary&index=1&md5=5341ae002475aea2c6dd74178cccdf88" shape="rect">Notice Regarding Business Transfer of Consolidated Subsidiary</a>” dated February 5, 2026, has been completed as of July 1, 2026. </p><p> <b>1. Overview</b> </p><p> This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States. </p><p> Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer http://www.streetinsider.com/Press+Releases/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 O.05105943 O.10063569 RNECY UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary http://www.streetinsider.com/Press+Releases/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html <p> TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “<a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renesas.com%2Fen%2Fabout%2Fnewsroom%2Fnotice-regarding-business-transfer-consolidated-subsidiary&esheet=54563374&newsitemid=20260701204632&lan=en-US&anchor=Notice+Regarding+Business+Transfer+of+Consolidated+Subsidiary&index=1&md5=5341ae002475aea2c6dd74178cccdf88" shape="rect">Notice Regarding Business Transfer of Consolidated Subsidiary</a>” dated February 5, 2026, has been completed as of July 1, 2026. </p><p> <b>1. Overview</b> </p><p> This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States. </p><p> Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer http://www.streetinsider.com/Press+Releases/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 O.05105943 O.10063569 RNECY UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary http://www.streetinsider.com/Press+Releases/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html <p> TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “<a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renesas.com%2Fen%2Fabout%2Fnewsroom%2Fnotice-regarding-business-transfer-consolidated-subsidiary&esheet=54563374&newsitemid=20260701204632&lan=en-US&anchor=Notice+Regarding+Business+Transfer+of+Consolidated+Subsidiary&index=1&md5=5341ae002475aea2c6dd74178cccdf88" shape="rect">Notice Regarding Business Transfer of Consolidated Subsidiary</a>” dated February 5, 2026, has been completed as of July 1, 2026. </p><p> <b>1. Overview</b> </p><p> This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States. </p><p> Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer http://www.streetinsider.com/Press+Releases/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 O.05105943 O.10063569 RNECY UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary http://www.streetinsider.com/Business+Wire/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html <p> TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “<a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renesas.com%2Fen%2Fabout%2Fnewsroom%2Fnotice-regarding-business-transfer-consolidated-subsidiary&esheet=54563374&newsitemid=20260701204632&lan=en-US&anchor=Notice+Regarding+Business+Transfer+of+Consolidated+Subsidiary&index=1&md5=5341ae002475aea2c6dd74178cccdf88" shape="rect">Notice Regarding Business Transfer of Consolidated Subsidiary</a>” dated February 5, 2026, has been completed as of July 1, 2026. </p><p> <b>1. Overview</b> </p><p> This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States. </p><p> Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer http://www.streetinsider.com/Business+Wire/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 O.05105943 O.10063569 RNECY UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary http://www.streetinsider.com/Business+Wire/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html <p> TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “<a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renesas.com%2Fen%2Fabout%2Fnewsroom%2Fnotice-regarding-business-transfer-consolidated-subsidiary&esheet=54563374&newsitemid=20260701204632&lan=en-US&anchor=Notice+Regarding+Business+Transfer+of+Consolidated+Subsidiary&index=1&md5=5341ae002475aea2c6dd74178cccdf88" shape="rect">Notice Regarding Business Transfer of Consolidated Subsidiary</a>” dated February 5, 2026, has been completed as of July 1, 2026. </p><p> <b>1. Overview</b> </p><p> This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States. </p><p> Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer http://www.streetinsider.com/Business+Wire/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 O.05105943 O.10063569 RNECY UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary http://www.streetinsider.com/Business+Wire/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html <p> TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “<a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renesas.com%2Fen%2Fabout%2Fnewsroom%2Fnotice-regarding-business-transfer-consolidated-subsidiary&esheet=54563374&newsitemid=20260701204632&lan=en-US&anchor=Notice+Regarding+Business+Transfer+of+Consolidated+Subsidiary&index=1&md5=5341ae002475aea2c6dd74178cccdf88" shape="rect">Notice Regarding Business Transfer of Consolidated Subsidiary</a>” dated February 5, 2026, has been completed as of July 1, 2026. </p><p> <b>1. Overview</b> </p><p> This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States. </p><p> Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer http://www.streetinsider.com/Business+Wire/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 O.05105943 O.10063569 RNECY UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary http://www.streetinsider.com/Business+Wire/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html <p> TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “<a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renesas.com%2Fen%2Fabout%2Fnewsroom%2Fnotice-regarding-business-transfer-consolidated-subsidiary&esheet=54563374&newsitemid=20260701204632&lan=en-US&anchor=Notice+Regarding+Business+Transfer+of+Consolidated+Subsidiary&index=1&md5=5341ae002475aea2c6dd74178cccdf88" shape="rect">Notice Regarding Business Transfer of Consolidated Subsidiary</a>” dated February 5, 2026, has been completed as of July 1, 2026. </p><p> <b>1. Overview</b> </p><p> This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States. </p><p> Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer http://www.streetinsider.com/Business+Wire/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 O.05105943 O.10063569 RNECY UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary http://www.streetinsider.com/Business+Wire/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html <p> TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “<a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renesas.com%2Fen%2Fabout%2Fnewsroom%2Fnotice-regarding-business-transfer-consolidated-subsidiary&esheet=54563374&newsitemid=20260701204632&lan=en-US&anchor=Notice+Regarding+Business+Transfer+of+Consolidated+Subsidiary&index=1&md5=5341ae002475aea2c6dd74178cccdf88" shape="rect">Notice Regarding Business Transfer of Consolidated Subsidiary</a>” dated February 5, 2026, has been completed as of July 1, 2026. </p><p> <b>1. Overview</b> </p><p> This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States. </p><p> Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer http://www.streetinsider.com/Business+Wire/UPDATE%3A+Notice+Regarding+Completion+of+Business+Transfer+of+Consolidated+Subsidiary/26715820.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 O.05105943 O.10063569 RNECY SiTime Completes Acquisition of Renesas’ Timing Business http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html <p class="bwalignc"><i>Accelerates Path to $1 Billion of Revenue as the Premier Pure-Play Precision Timing Company</i></p> <p> SANTA CLARA, Calif. & TOKYO--(BUSINESS WIRE)--</p> <p class="bwalignl"><a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sitime.com%2F&esheet=54563041&newsitemid=20260701948919&lan=en-US&anchor=SiTime+Corporation&index=9&md5=9406f6fa3d39fd05247bb62bbd7e2788" shape="rect">SiTime Corporation</a> (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, today announced that it has completed the acquisition of certain assets from Renesas Electronics Corporation (TSE: 6723) (“Renesas”).</p><p>Rajesh Vashist, chairman and CEO of SiTime, said, “SiTime has created the Precision Timing category, and is the only semiconductor company fully dedicated to all aspects of timing. The acquisition of Renesas’ timing business marks a monumental milestone that will transform SiTime. We are accelerating http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime Completes Acquisition of Renesas’ Timing Business http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html <p class="bwalignc"><i>Accelerates Path to $1 Billion of Revenue as the Premier Pure-Play Precision Timing Company</i></p> <p> SANTA CLARA, Calif. & TOKYO--(BUSINESS WIRE)--</p> <p class="bwalignl"><a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sitime.com%2F&esheet=54563041&newsitemid=20260701948919&lan=en-US&anchor=SiTime+Corporation&index=9&md5=9406f6fa3d39fd05247bb62bbd7e2788" shape="rect">SiTime Corporation</a> (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, today announced that it has completed the acquisition of certain assets from Renesas Electronics Corporation (TSE: 6723) (“Renesas”).</p><p>Rajesh Vashist, chairman and CEO of SiTime, said, “SiTime has created the Precision Timing category, and is the only semiconductor company fully dedicated to all aspects of timing. The acquisition of Renesas’ timing business marks a monumental milestone that will transform SiTime. We are accelerating http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime Completes Acquisition of Renesas’ Timing Business http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html <p class="bwalignc"><i>Accelerates Path to $1 Billion of Revenue as the Premier Pure-Play Precision Timing Company</i></p> <p> SANTA CLARA, Calif. & TOKYO--(BUSINESS WIRE)--</p> <p class="bwalignl"><a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sitime.com%2F&esheet=54563041&newsitemid=20260701948919&lan=en-US&anchor=SiTime+Corporation&index=9&md5=9406f6fa3d39fd05247bb62bbd7e2788" shape="rect">SiTime Corporation</a> (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, today announced that it has completed the acquisition of certain assets from Renesas Electronics Corporation (TSE: 6723) (“Renesas”).</p><p>Rajesh Vashist, chairman and CEO of SiTime, said, “SiTime has created the Precision Timing category, and is the only semiconductor company fully dedicated to all aspects of timing. The acquisition of Renesas’ timing business marks a monumental milestone that will transform SiTime. We are accelerating http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime Completes Acquisition of Renesas’ Timing Business http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html <p class="bwalignc"><i>Accelerates Path to $1 Billion of Revenue as the Premier Pure-Play Precision Timing Company</i></p> <p> SANTA CLARA, Calif. & TOKYO--(BUSINESS WIRE)--</p> <p class="bwalignl"><a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sitime.com%2F&esheet=54563041&newsitemid=20260701948919&lan=en-US&anchor=SiTime+Corporation&index=9&md5=9406f6fa3d39fd05247bb62bbd7e2788" shape="rect">SiTime Corporation</a> (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, today announced that it has completed the acquisition of certain assets from Renesas Electronics Corporation (TSE: 6723) (“Renesas”).</p><p>Rajesh Vashist, chairman and CEO of SiTime, said, “SiTime has created the Precision Timing category, and is the only semiconductor company fully dedicated to all aspects of timing. The acquisition of Renesas’ timing business marks a monumental milestone that will transform SiTime. We are accelerating http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime Completes Acquisition of Renesas’ Timing Business http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html <p class="bwalignc"><i>Accelerates Path to $1 Billion of Revenue as the Premier Pure-Play Precision Timing Company</i></p> <p> SANTA CLARA, Calif. & TOKYO--(BUSINESS WIRE)--</p> <p class="bwalignl"><a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sitime.com%2F&esheet=54563041&newsitemid=20260701948919&lan=en-US&anchor=SiTime+Corporation&index=9&md5=9406f6fa3d39fd05247bb62bbd7e2788" shape="rect">SiTime Corporation</a> (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, today announced that it has completed the acquisition of certain assets from Renesas Electronics Corporation (TSE: 6723) (“Renesas”).</p><p>Rajesh Vashist, chairman and CEO of SiTime, said, “SiTime has created the Precision Timing category, and is the only semiconductor company fully dedicated to all aspects of timing. The acquisition of Renesas’ timing business marks a monumental milestone that will transform SiTime. We are accelerating http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime Completes Acquisition of Renesas’ Timing Business http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html <p class="bwalignc"><i>Accelerates Path to $1 Billion of Revenue as the Premier Pure-Play Precision Timing Company</i></p> <p> SANTA CLARA, Calif. & TOKYO--(BUSINESS WIRE)--</p> <p class="bwalignl"><a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sitime.com%2F&esheet=54563041&newsitemid=20260701948919&lan=en-US&anchor=SiTime+Corporation&index=9&md5=9406f6fa3d39fd05247bb62bbd7e2788" shape="rect">SiTime Corporation</a> (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, today announced that it has completed the acquisition of certain assets from Renesas Electronics Corporation (TSE: 6723) (“Renesas”).</p><p>Rajesh Vashist, chairman and CEO of SiTime, said, “SiTime has created the Precision Timing category, and is the only semiconductor company fully dedicated to all aspects of timing. The acquisition of Renesas’ timing business marks a monumental milestone that will transform SiTime. We are accelerating http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM SiTime Completes Acquisition of Renesas’ Timing Business http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html <p class="bwalignc"><i>Accelerates Path to $1 Billion of Revenue as the Premier Pure-Play Precision Timing Company</i></p> <p> SANTA CLARA, Calif. & TOKYO--(BUSINESS WIRE)--</p> <p class="bwalignl"><a target="_blank" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sitime.com%2F&esheet=54563041&newsitemid=20260701948919&lan=en-US&anchor=SiTime+Corporation&index=9&md5=9406f6fa3d39fd05247bb62bbd7e2788" shape="rect">SiTime Corporation</a> (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, today announced that it has completed the acquisition of certain assets from Renesas Electronics Corporation (TSE: 6723) (“Renesas”).</p><p>Rajesh Vashist, chairman and CEO of SiTime, said, “SiTime has created the Precision Timing category, and is the only semiconductor company fully dedicated to all aspects of timing. The acquisition of Renesas’ timing business marks a monumental milestone that will transform SiTime. We are accelerating http://www.streetinsider.com/Press+Releases/SiTime+Completes+Acquisition+of+Renesas%E2%80%99+Timing+Business/26715822.html Wed, 01 Jul 2026 05:00:00 -0400 6723 6723 6875 O.01304767 O.05105881 O.05105943 O.10063569 RNECY SITM