Brief: SiTime To Acquire Renesas’ Timing Business

SiTime

04/02/2026 21:11

Feb 4 (Reuters) - Renesas Electronics Corp  6723.T :
    * SITIME TO ACQUIRE RENESAS’ TIMING BUSINESS
    * SITIME CORP: ACQUIRED BUSINESS EXPECTED TO GENERATE $300
MILLION
IN REVENUE IN 12 MONTHS POST-CLOSE
    * SITIME CORP - TO BUY ASSETS FOR $1.5 BILLION IN CASH AND
STOCK
    * SITIME CORP - TO FUND CASH CONSIDERATION WITH $900 MILLION
DEBT
FINANCING

Source text:  ID:nGNX400CWj 
Further company coverage:  6723.T 

 ((Reuters.Briefs@thomsonreuters.com;))