SiTime Sees Potential for Its Resonator Tech to Be Built Into Billions of Renesas Microcontrollers
SiTime has struck a deal to buy timing assets from Renesas and to have some of its timing technology integrated into Renesas chips. The transaction, valued at up to $3.2 billion, is expected to drive about $300 million in revenue in the first year after close and could enable the deployment of SiTime’s resonator technology across very large volumes…