SiTime has completed the acquisition of certain assets from Renesas Electronics timing business. The deal, first announced in February 2026, adds a clocking portfolio with a 30-year legacy. The acquired business maintains approximately 70% gross margin and serves more than 10,000 customers. Roughly 75% of its revenue comes from the AI-Datacenter-Comms segment, with the balance from industrial and automotive markets. The business is expected to generate at least $300 million in revenue over the next 12 months.
Rajesh Vashist, chairman and CEO of SiTime, stated that the acquisition accelerates the company’s path to $1 billion in revenue. It increases the clocking portfolio by 10x, expands presence in the AI datacenter market, and supports scaling gross margins toward the higher end of the target range. SiTime plans to extend its offerings from oscillators to clocks and resonators.
Hidetoshi Shibata, CEO of Renesas, said the transaction marks an important milestone and the start of further engagement with SiTime. The companies signed a partnership memorandum of understanding in February 2026 to explore strategic collaboration, including integration of SiTime’s MEMS resonators into Renesas’ embedded computing products for next-generation intelligent devices. Shibata is expected to join SiTime’s Board of Directors.
