SiTime closes Renesas timing business acquisition, expects $300M+ revenue in 12 months

Filed July 1, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• high

  Completed acquisition of Renesas timing assets with 30-year legacy, 10,000+ customers, and ~70% historical gross margins; 75% of revenue from AI-Datacenter-Comms segment.

  Exhibit 99.1 verify on EDGAR →
• high

  Management projects acquired business will generate at least $300M revenue in next 12 months, growing SiTime's clocking portfolio 10x and accelerating path to $1B total revenue.

  Exhibit 99.1 verify on EDGAR →
• high

  Entered $200M revolving credit facility with Wells Fargo; no loans outstanding at closing. Facility includes stepped leverage covenants from 4.50:1.00 (Q3 2026) to 3.50:1.00 (Q2 2027+) and 3.00:1.00 minimum interest coverage.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →