SiTime Confirms Talks to Acquire Renesas Timing Business

Reuters02-04 10:03
SiTime Confirms Talks to Acquire Renesas Timing Business

SiTime Corporation has confirmed that it is in discussions with Renesas Electronics Corporation regarding a potential acquisition of Renesas’ timing business. According to SiTime, no agreement has been reached, and there is no assurance that any transaction will result from these discussions or on what terms any deal may occur. The company does not intend to make further comments unless required.

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