Brief: Japan's Renesas Electronics Corp: To Sell Timing Business To SiTime For $3 bln

Renesas Electronics

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

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