Brief: Japan's Renesas Electronics Corp: To Sell Timing Business To SiTime For $3 bln
04/02/2026 23:06
Feb 5 (Reuters) - Renesas Electronics Corp 6723.T: RENESAS ELECTRONICS CORP - US SUBSIDIARY TO TRANSFER TIMING BUSINESS TO SITIME RENESAS ELECTRONICS CORP - TRANSACTION VALUED AT $3 BILLION RENESAS ELECTRONICS CORP - TRANSACTION TO BE PAID IN $1.5 BILLION IN CASH AND 4.13 MILLION SITIME COMMON STOCK Source text: ID:nTSnd85c18 Further company coverage: 6723.T
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