SiTime Acquires Clock Products from Aura Semiconductor
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Deal Accelerates SiTime’s Roadmap to
“SiTime’s vision is to transform all categories of the
“We’ve leveraged our strong balance sheet to accelerate by several years our clocking revenue, while also increasing our oscillator revenue,” continued Vashist. “These clocks have gross margins that are higher than our corporate target and are used with our Elite TCXO and Epoch OCXO families. Before today, customers were forced to deal with separate Clock and Oscillator vendors. Uniquely, SiTime will offer both categories, standalone and engineered to be optimized with each other, for our core markets of communications, datacenter, and AI. With this deal, we significantly advance our vision, becoming the only provider with complete and differentiated precision timing products.”
SiTime will hold exclusive, perpetual, and irrevocable rights to sell existing and new products based on Aura’s IP and clocking portfolio.
Barclays acted as the exclusive financial advisor to SiTime.
Read more at investor resources.
About SiTime
Forward-Looking Statements
This press release may contain forward-looking statements regarding future events. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Readers are cautioned that these forward-looking statements involve risks and uncertainties that could cause our actual results and the timing of events to differ materially from those anticipated in such forward-looking statements, including, but not limited to risks related to: whether the transaction will be completed in a timely manner or at all; the ability of SiTime to successfully integrate Aura’s products and technology and realize any anticipated revenue, synergies, and other benefits in the time frame anticipated or at all; the transaction potentially causing disruption to SiTime’s current plans and operations, including as a result of increasing expenses; diverting management's attention from SiTime's ongoing business operations; our ability to introduce and ship new products in volume; and other risks and uncertainties described more fully in our documents filed with or furnished to the
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ssouza@sitime.com
(650) 888-9637
Green Flash Media
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