SiTime Corporation

The grade, in three tenses

Headline 4.9 out of ten, 9 of 9 metrics filed: past 3.2 out of ten, present 5.1 out of ten, future 6.4 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

• Surviving crises (past): 1.3 out of ten. 2 warning events since 2017; the latest 2024-06-12. 13th percentile among 99 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Track record (past): 4.9 out of ten. +21.2% a year over 8 filed years; profitable in 2 of 8. 49th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Shareholder treatment (past): 2.5 out of ten. Share count grew 3.3% a year. 0% of cash flow returned. Insiders: 49 sales, 0 purchases. 25th percentile among 67 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Financial health (present): 4.8 out of ten. ROE -4%: lost 4¢ per shareholder dollar. Leverage 11%: owes 11¢ per asset dollar. 48th percentile among 95 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Industry position (present): 4.2 out of ten. bottom 42% of 97 in its family; net margin -13.1%. 42nd percentile among 97 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Leadership (present): 7.0 out of ten. top 30% of 66 in its family for leadership; chief executive since 2019. 70th percentile among 66 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
• Room to expand (future): 6.0 out of ten. top 40% of 94 in its family for room to expand. 60th percentile among 94 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Growth drivers (future): 6.1 out of ten. top 39% of 93 in its family for growth drivers. 61st percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Expectations vs reality (future): 7.5 out of ten. top 25% of 88 in its family for expectations against reality. 75th percentile among 88 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2026-02-11 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-06 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-05 (on EDGAR). Newest filing: Form 4, 2026-10-06. Filings on record since 2008. Read from EDGAR 2026-10-12.

How the company works

Read from its Form 10-K filed 2026-02-11.

The people

Rajesh Vashist has been president and chief executive since September 2007 and chairman since November 1, 2019. Before SiTime he was chief executive and chairman of Ikanos Communications, a chip and software company, from July 1999 to October 2006. Two of his executive vice presidents also came from Ikanos: Lionel Bonnot, who has run worldwide sales and business development since July 2019 after leading business development from February 2018, and Piyush B. Sevalia, chief business officer since April 2026 after running marketing since 2012. [1, 2, 3]

Elizabeth A. Howe has been chief financial officer since November 2023; she spent 17 years at HP, where she was chief audit executive and global head of investor relations. Fariborz Assaderaghi has run engineering and operations since December 2020, after senior technology roles at NXP Semiconductors and InvenSense and an earlier engineering stint at SiTime. Vincent P. Pangrazio, chief legal officer since June 2020, was general counsel of the chip designer Cavium from 2011 to 2018. Samsheer Ahmad, at the company since May 2015, has been chief accounting officer since February 2024. [4, 5, 6, 7, 8, 9]

The board has nine members, eight of them independent, with Vashist as chairman and Raman K. Chitkara, a former PwC partner who led its global semiconductor practice, as lead independent director. Akira Takata, a director since November 2014, was president and chief executive of MegaChips, the Japanese fabless chip company that bought SiTime in November 2014, took it public in November 2019 and still owned about 13% of its shares on March 30, 2026. Ganesh Moorthy, chief executive of Microchip Technology from March 2021 to November 2024, joined in October 2025, and Edward H. Frank ran Macintosh hardware engineering at Apple from May 2009 to October 2013. [10, 11, 12, 13, 14, 15, 16, 17]

At the end of 2025 SiTime had 441 full-time equivalent employees: 239 in research and development, 162 in sales, general and administration and 40 in operations. They work in the United States, France, Malaysia, the Netherlands, Taiwan, Japan, Finland, Ukraine, Germany, South Korea, India and Singapore; research is done in the United States, the Netherlands, Malaysia, Finland, Japan, Taiwan, Ukraine and India, including an office in Lviv. The company says it has never had a work stoppage. [18, 19, 20]

How it operates

SiTime makes the parts that keep time inside electronics. Oscillators generate the steady clock signal a system runs on; clock chips deliver many such signals at once; resonators are the vibrating part at the heart of an oscillator. The industry has long made resonators from quartz crystal; SiTime makes them from silicon with MEMS, tiny mechanical structures built by chip-making methods, and pairs them with its own analog chips. Its revenue has historically come substantially from oscillators. Its products are designed into over 400 applications, from AI systems and data centers to cars, factories, satellites and phones, and it had shipped over 40,000 part numbers by the end of 2025, because its parts are made in batches and then programmed to each customer's needs. [21, 22, 23, 24, 25, 26]

It sells mostly through distributors, some products directly, and small orders through its online store, SiTimeDirect. Two distributors each took more than a tenth of 2025 revenue: Arrow Electronics 26% and Pernas Electronics 25%. The three largest distributors took 59% and the ten largest direct customers 85%. From sell-through data, the company believes most of what it sells to Pernas and Quantek Technology ends up in products of Apple, its largest end customer, at about 17% of 2025 revenue against 22% in 2024; the ten largest end customers took 65%. Design cycles run from six months to three years, and products can stay in production for ten years or more. [27, 28, 29, 30, 31, 32, 33]

About 93% of 2025 revenue came from distributors with ship-to addresses outside the United States, Hong Kong and Taiwan above all, although the company believes most of its end customers are based in the United States. Substantially all of its revenue is in US dollars. [34, 35, 36]

SiTime is fabless, meaning it designs its chips and hires others to make them. Robert Bosch in Germany makes its MEMS wafers under a supply agreement whose first ten-year term runs through February 2027 and renews automatically; Teledyne in Canada also makes MEMS parts, and TSMC and UMC in Taiwan make its analog chips. ASE in Taiwan, Carsem in Malaysia, UTAC and Hana in Thailand, Daishinku in Japan and STATS ChipPAC in Singapore package and test them, and the finished parts are warehoused in Malaysia, Taiwan and Thailand. It keeps at least three months of MEMS wafers on hand, and has no long-term agreements with most of its other suppliers. [37, 38, 39, 40, 41, 42]

The specifics

The company argues quartz has hit its limits: quartz parts are sensitive to fast temperature changes, vibration and shock, need special ceramic packages and take long to make, while silicon MEMS can sit in standard chip packages. It built its own MEMS processes, among them MEMS First, EpiSeal and TempFlat. In 2025 it launched TimeFabric, software that it says gives up to 9X more accurate time synchronization than quartz-based parts in AI data centers, and Titan, a resonator platform it says improves resonator performance a hundredfold. It holds 147 issued US patents, expiring mostly between 2026 and 2043, plus a license to Bosch patents on MEMS timing that expire between 2025 and 2029. [43, 44, 45, 46, 47, 48]

It names its rivals: Abracon, Daishinku, Diodes, Kyocera, Microchip Technology, Murata, Rakon, Renesas, Seiko Epson, Skyworks, Texas Instruments and TXC, among others. Daishinku is also one of its packaging and test suppliers. [49, 39]

SiTime was incorporated in Delaware on December 3, 2003 and is based in Santa Clara, California. It grew into clock chips by buying: in December 2023 it bought clock products and an exclusive license from Aura Semiconductor, for about 148 million dollars in fixed payments and up to 120 million in earnouts. In June 2025 a follow-on share sale raised net proceeds of 387.3 million dollars. [50, 51, 52]

On February 4, 2026 it agreed to buy the timing business of Renesas, one of the rivals it names, for about 1.5 billion dollars in cash plus 4.13 million shares, with Wells Fargo committing up to 900.0 million dollars of bridge financing. Its newest quarterly report says the deal was completed on July 1, 2026, for about 1.5 billion dollars in cash and 3,558,691 shares, and that in May 2026 it issued 1,350.0 million dollars of 0% convertible senior notes due 2031. [53, 54, 55, 56]

What drives growth, line by line

Revenue rose 61% in 2025 to 326.7 million dollars, from 202.7 million, after falling 49.2% in 2023 to 144.0 million from 283.6 million in 2022. The filing credits demand in AI and data-center applications: average selling prices rose on a richer product mix, and units shipped rose 14%. Gross margin rose to 54% from 52%, and the operating loss narrowed to 67.0 million dollars from 115.2 million. [57, 58, 59]

The customer mix shows where the growth came from. Arrow Electronics grew to 26% of revenue from 19%, and Pernas to 25% from 24%, while Quantek, one of the two distributors whose sales mostly end up in Apple products, fell below a tenth from 13%, and Apple's share of revenue fell to about 17% from 22%. [28, 31, 32]

Spending rose more slowly than revenue: research and development grew 11% to 118.9 million dollars, on stock-based pay, headcount and new product engineering, and selling, general and administrative costs 14%. Interest on the cash raised in June 2025 added 24.8 million dollars of interest income. [57, 60, 61, 62]

What comes next, in the company's own words: it puts the whole timing market at about 11 billion dollars and growing; it plans to add more oscillators, expand in clock chips and grow in standalone resonators; its revenue is usually stronger in the second half of the year; and it expects research spending to keep rising in dollars while reimbursements from customers for engineering work decline. [63, 64, 65, 66, 67]

What the desk infers (inferred, not filed)

• SiTime's 2025 growth came mainly from data-center equipment makers reached through Arrow Electronics, not from Apple: its Apple business grew more slowly than the rest of the company. Because: The filing credits the 61% revenue rise to demand in AI and data-center applications. [58] Arrow's share of revenue rose to 26% from 19%, while Quantek, one of the two distributors feeding Apple, fell below a tenth from 13%. [28, 31] Apple's share of revenue fell to about 17% from 22% in a year when total revenue rose 61%. [32, 58] Confidence 75 of 100. Wrong if: Sell-through data showing that most of the growth in Arrow's purchases in 2025 went to phone, consumer or industrial customers rather than data-center equipment makers.
• Its core product rests on one fab: Bosch makes most of its MEMS resonator wafers, and moving that work would take longer than the three months of wafers it keeps in stock. Because: Bosch fabricates its MEMS wafers under a ten-year supply agreement, and it relies primarily on Bosch and Teledyne for MEMS fabrication. [38, 37] It keeps at least three months of MEMS wafers, for which Bosch is its primary supplier, and does not otherwise hold enough inventory for a lengthy transition. [42] Every oscillator pairs one of these MEMS resonators with an analog chip. [22] Confidence 70 of 100. Wrong if: A filing showing Teledyne or another fab making a large share of its MEMS wafers, or a second source qualified for its main resonator families.
• SiTime has shifted from displacing quartz one oscillator at a time to buying its way into clock chips, so that it can sell whole timing systems with its own resonators inside, not single parts. Because: It bought Aura's clock products in December 2023, which it says significantly expanded its presence in clocking and gave it a complete portfolio of timing solutions. [51] Unlike most clock chip makers it designs its own resonator and can put it inside the clock chip's package. [68] In 2026 it agreed to buy, and then completed buying, the timing business of Renesas, a rival it names. [53, 55, 49] Confidence 70 of 100. Wrong if: A filing showing that oscillators still make up substantially all of its revenue a full year after the Renesas purchase.

Sources

1. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Rajesh Vashist has served as our President and Chief Executive Officer and as a member of our Board since September 2007. Since November 1, 2019, Mr. Vashist has served as Chairman of our Board. Prior to joining SiTime, Mr. Vashist served as chief executive officer and chairman of the board of directors of Ikanos Communications, Inc., a semiconductor and software development company, from July 1999 to October 2006.”
2. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Lionel Bonnot has served as our Executive Vice President of Worldwide Sales and Business Development since July 2019, and as Executive Vice President of Business Development from February 2018 to July 2019.”
3. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Piyush B. Sevalia has served as our Executive Vice President, Chief Business Officer since April 2026. From April 2012 to March 2026, he served as Executive Vice President of Marketing. Mr. Sevalia previously served as our Vice President of Marketing from March 2008 to April 2012. Prior to joining SiTime, Mr. Sevalia held various marketing positions at Ikanos Communications, Inc.”
4. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Elizabeth A. Howe has served as our Executive Vice President, Finance and Chief Financial Officer since November 2023. Prior to joining the Company, Ms. Howe served as Chief Audit Executive at HP Inc. ("HP"), a publicly traded global information technology company, from August 2021 to November 2023, where she was responsible for HP's internal audit, SOX, and enterprise risk management programs. During Ms. Howe's 17-year tenure at HP she also served as Global Head of Investor Relations”
5. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Dr. Fariborz Assaderaghi has served as our Executive Vice President, Engineering and Operations since December 2020.”
6. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Prior to that, from June 2012 until February 2016, he was the Vice President of Advanced Technology Development at InvenSense Inc. Prior to that Dr. Assaderaghi held various engineering positions at SiTime, Rambus Inc., and International Business Machines Corporation.”
7. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Vincent P. Pangrazio has served as our Executive Vice President, Chief Legal Officer and Corporate Secretary since June 2020.”
8. SiTime Corporation, Form DEF 14A filed 2026-04-15: “From March 2011 to July 2018, Mr. Pangrazio served as Senior Vice President and General Counsel of Cavium, Inc., a fabless semiconductor company”
9. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Samsheer Ahmad has served as our Senior Vice President, Finance and Chief Accounting Officer since February 2024. Mr. Ahmad joined the Company in May 2015”
10. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Our business and affairs are organized under the direction of our Board, which currently consists of nine members. Rajesh Vashist, our President and Chief Executive Officer, serves as Chairman of our Board, and Raman K. Chitkara serves as our lead independent director.”
11. SiTime Corporation, Form DEF 14A filed 2026-04-15: “the Board has affirmatively determined that the following eight directors on our Board qualify as independent directors, as defined under the Nasdaq listing standards”
12. SiTime Corporation, Form DEF 14A filed 2026-04-15: “From September 1984 to June 2018, Mr. Chitkara worked at PricewaterhouseCoopers LLP (“PwC”), a public accounting firm, where he served in various capacities including as partner, global technology industry leader, and global semiconductor industry leader.”
13. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Mr. Akira Takata has served as a member of our Board since November 2014. Since April 2024, Mr. Takata has served as a member of the board of directors of EdgeCortix Pte. Ltd., a semiconductor and software company for edge AI solutions. From June 2019 to June 2020, Mr. Takata served as the senior managing director of our major stockholder, MegaChips Corporation (“MegaChips”), the second largest fabless semiconductor company based in Japan, and served as a consultant to MegaChips through March 2024. From June 2011 to June 2019, Mr. Takata served as the president and chief executive officer of MegaChips.”
14. SiTime Corporation, Form DEF 14A filed 2026-04-15: “In November 2014, we were acquired by MegaChips, and as a result of the acquisition, became a wholly owned subsidiary of MegaChips. On November 25, 2019, we completed the initial public offering of shares of our common stock. As of March 30, 2026, MegaChips owned approximately 13% of our outstanding common stock.”
15. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Mr. Ganesh Moorthy has served as a member of our Board since October 2025.”
16. SiTime Corporation, Form DEF 14A filed 2026-04-15: “Mr. Moorthy served as the President and Chief Executive Officer of Microchip Technology Inc. (“Microchip”), a semiconductor company, from March 2021 to November 2024”
17. SiTime Corporation, Form DEF 14A filed 2026-04-15: “From May 2009 to October 2013, Dr. Frank served as vice president of Macintosh hardware systems engineering at Apple Inc.”
18. SiTime Corporation, Form 10-K filed 2026-02-11: “As of December 31, 2025, we had 441 full-time equivalent employees located in locations including the United States, France, Malaysia, the Netherlands, Taiwan, Japan, Finland, Ukraine, Germany, South Korea, India, and Singapore, including 239 in research and development, 162 in sales, general, and administrative, and 40 in operations. We consider relations with our employees to be good and have never experienced a work stoppage.”
19. SiTime Corporation, Form 10-K filed 2026-02-11: “We have assembled a core team of experienced engineers and systems designers who conduct research and development activities in the United States, the Netherlands, Malaysia, Finland, Japan, Taiwan, Ukraine, and India.”
20. SiTime Corporation, Form 10-K filed 2026-02-11: “We maintain an office in Lviv, Ukraine.”
21. SiTime Corporation, Form 10-K filed 2026-02-11: “Timing solutions are comprised of three key product types: resonators, oscillators, and clock ICs.”
22. SiTime Corporation, Form 10-K filed 2026-02-11: “Oscillators are active systems that combine resonators with analog mixed-signal ICs that cause the resonators to vibrate - generating, amplifying, and sustaining accurate and stable clock signals. Each oscillator generally delivers a single clock signal.”
23. SiTime Corporation, Form 10-K filed 2026-02-11: “We create resonators in silicon using MEMS semiconductor technology, which is different than the quartz industry where the resonators are made from quartz crystals and are generally manufactured in non-semiconductor technologies.”
24. SiTime Corporation, Form 10-K filed 2026-02-11: “Historically, our revenue has been substantially derived from sale of oscillator systems across our target end markets.”
25. SiTime Corporation, Form 10-K filed 2026-02-11: “Our products have been designed into over 400 applications across our target markets, including artificial intelligence ("AI") systems, datacenter, communications, enterprise, automotive, industrial, aerospace, defense, mobile, Internet of Things (“IoT”), and consumer.”
26. SiTime Corporation, Form 10-K filed 2026-02-11: “Our solutions employ different combinations of MEMS and circuit components, enabling us to generate a vast number of custom part numbers, including over 40,000 unique part numbers shipped as of December 31, 2025.”
27. SiTime Corporation, Form 10-K filed 2026-02-11: “We sell our products primarily through distributors, who in turn sell to our end customers. We also sell products directly to some of our end customers.”
28. SiTime Corporation, Form 10-K filed 2026-02-11: “Arrow Electronics, Inc. 26% 19% 18% Pernas Electronics Co. Ltd. 25% 24% 20% Quantek Technology Corporation * 13% 13%”
29. SiTime Corporation, Form 10-K filed 2026-02-11: “Our top three distributors by revenue together accounted for approximately 59%, 56%, and 51% of our revenue for the years ended December 31, 2025, 2024, and 2023, respectively.”
30. SiTime Corporation, Form 10-K filed 2026-02-11: “Our top ten direct customers, including distributors, accounted for approximately 85%, 84% and 82% of net revenues in 2025, 2024, and 2023, respectively.”
31. SiTime Corporation, Form 10-K filed 2026-02-11: “Based on the sell-through information provided to us from distributors who identify end customers, we believe that the majority of our products sold to Pernas Electronics Co. Ltd ("Pernas") and Quantek Technology Corporation ("Quantek") are in turn incorporated into products of Apple Inc. (“Apple”), our largest end customer.”
32. SiTime Corporation, Form 10-K filed 2026-02-11: “As a result, we believe revenue attributable to our largest end customer accounted for approximately 17%, 22%, and 21% of our revenue for the years ended December 31, 2025, 2024, and 2023, respectively.”
33. SiTime Corporation, Form 10-K filed 2026-02-11: “Based on our shipment information, we believe that revenue attributable to our ten largest end customers accounted for 65%, 59%, and 49% of our revenue for the years ended December 31, 2025, 2024, and 2023, respectively.”
34. SiTime Corporation, Form 10-K filed 2026-02-11: “In addition, approximately 93%, 92%, and 86% of our revenue for the years ended December 31, 2025, 2024, and 2023, respectively, was from distributors with ship-to locations outside the United States, although we believe the majority of our end customers are based in the U.S. based on sell-through information provided by these distributors.”
35. SiTime Corporation, Form 10-K filed 2026-02-11: “Hong Kong $ 117,082 $ 64,441 $ 31,987 Taiwan 84,517 64,836 43,954 United States 22,540 15,853 19,976”
36. SiTime Corporation, Form 10-K filed 2026-02-11: “Substantially all of our revenue is denominated in U.S. dollars.”
37. SiTime Corporation, Form 10-K filed 2026-02-11: “We use Robert Bosch LLC (“Bosch”) in Germany, Taiwan Semiconductor Manufacturing Company (“TSMC”) and United Microelectronics Corporation ("UMC") in Taiwan, and Teledyne Digital Imaging Inc. ("Teledyne") in Canada as our primary foundries and suppliers for our MEMS timing devices and analog mixed-signal circuit ICs.”
38. SiTime Corporation, Form 10-K filed 2026-02-11: “We currently have a ten-year supply agreement with Bosch for the fabrication of our MEMS wafers. The initial term of this supply agreement is through February 2027 and renews automatically. We currently rely primarily on Bosch and Teledyne Digital Imaging Inc. ("Teledyne") for our MEMS fabrication, and primarily on TSMC and UMC for our analog circuits fabrication”
39. SiTime Corporation, Form 10-K filed 2026-02-11: “Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly, and testing, including Advanced Semiconductor Engineering, Inc. (“ASE”) in Taiwan, Carsem (M) Sdn Bhd. (“Carsem”) in Malaysia, United Test and Assembly Center Ltd. (“UTAC”) in Thailand, Hana Semiconductor (Ayutthaya) Co., Ltd in Thailand, Daishinku Corp. (“Daishinku”) in Japan, and STATS ChipPAC Pte Ltd. in Singapore.”
40. SiTime Corporation, Form 10-K filed 2026-02-11: “Our products are warehoused at our outsourced semiconductor assembly and test facilities located in Malaysia, Taiwan, and Thailand.”
41. SiTime Corporation, Form 10-K filed 2026-02-11: “Other than Bosch, we do not have long-term supply agreements with most of our third-party manufacturing contractors, and we purchase products on a purchase order basis.”
42. SiTime Corporation, Form 10-K filed 2026-02-11: “We typically maintain at least a three-month supply of our MEMS wafers for which Bosch is our primary supplier. We do not otherwise maintain sufficient inventory to address a lengthy transition period.”
43. SiTime Corporation, Form 10-K filed 2026-02-11: “However, quartz timing devices, largely unchanged in decades, have many inherent limitations, including limited frequency ranges, sensitivity to rapid temperature changes, vulnerability to vibration and mechanical shock, susceptibility to frequency jumps at specific temperatures, and limited programmability. Quartz devices must be housed in specialized (i.e., ceramic) packaging, and thus are difficult to integrate into standard semiconductor packages.”
44. SiTime Corporation, Form 10-K filed 2026-02-11: “We pioneered the silicon MEMS timing industry with the MEMS First®, EpiSeal®, TempFlat® and ApexMEMS processes and technologies.”
45. SiTime Corporation, Form 10-K filed 2026-02-11: “In June 2025, we launched our suite of synchronization software, with the TimeFabric Software suite. TimeFabric combined with SiTime's oscillators and clocks, delivers up to 9X more accurate time synchronization than quartz-based solutions, enabling higher performance and utilization in AI data centers.”
46. SiTime Corporation, Form 10-K filed 2026-02-11: “In September 2025, we announced the Titan Platform in the standalone resonator market. This platform is the result of more than two decades of innovation, significant engineering investment and six generations of MEMS technology. With Titan, we have improved resonator performance by 100x.”
47. SiTime Corporation, Form 10-K filed 2026-02-11: “As of December 31, 2025, we had 147 issued U.S. patents, expiring generally between 2026 and 2043, and 50 pending U.S. patent applications (including 10 provisional applications).”
48. SiTime Corporation, Form 10-K filed 2026-02-11: “For example, we have a license to certain patents from Bosch relating to the design and manufacture of MEMS-based timing applications and a license to certain intellectual property of Aura relating to our clock products. The patent rights obtained under the license agreement with Bosch expire between 2025 and 2029”
49. SiTime Corporation, Form 10-K filed 2026-02-11: “Companies that we primarily compete with include, but are not limited to, Abracon, LLC, Daishinku Corp., Diodes Incorporated, Kyocera Corporation, Microchip Technology Inc., Murata Manufacturing Co., Ltd, Nihon Dempa Kogoyo., Ltd., Rakon Limited, Renesas Electronics Corporation, Seiko Epson Corporation, Skyworks Solutions, Inc., Texas Instruments Incorporated, and TXC Corporation.”
50. SiTime Corporation, Form 10-K filed 2026-02-11: “We were incorporated in Delaware on December 3, 2003. Our principal executive offices are located at 5451 Patrick Henry Drive, Santa Clara, California 95054”
51. SiTime Corporation, Form 10-K filed 2026-02-11: “In December 2023, we acquired clocking products through the acquisition of certain assets and the exclusive license to certain intellectual property from Aura Semiconductor Pvt. Ltd. and certain of its affiliated entities (together, "Aura") relating to Aura's timing business and clock products that significantly expands our presence within the clocking market. Total consideration paid in the acquisition included approximately $148 million in fixed payments and up to $120 million in earnouts. With the addition of all four categories of clock products including network synchronizers, jitter cleaners, clock generators, and buffers, we now offer a comprehensive portfolio of timing solutions.”
52. SiTime Corporation, Form 10-K filed 2026-02-11: “On June 27, 2025, we completed a follow-on public offering, in which we issued and sold 2,012,500 shares of our common stock, resulting in net proceeds to us of $387.3 million after deducting underwriting discounts and commissions of $14.1 million and deferred offering costs of $1.1 million.”
53. SiTime Corporation, Form 10-K filed 2026-02-11: “On February 4, 2026, we entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Renesas Electronics America Inc., a California corporation (“Renesas”), pursuant to which Renesas will and will cause certain of its affiliates to sell, transfer, assign and convey to SiTime all of their right, title and interest in, to and under certain assets related to the timing business of Renesas Electronics Corporation for an aggregate purchase price of approximately $1,500.0 million in cash (“Cash Consideration”) and 4.13 million shares of our common stock”
54. SiTime Corporation, Form 10-K filed 2026-02-11: “pursuant to which Wells Fargo has committed to provide us with debt financing to fund a portion of the Cash Consideration in an aggregate principal amount of up to $900.0 million in the form of a 364-day senior secured bridge loan facility”
55. SiTime Corporation, Form 10-Q filed 2026-08-06: “On July 1, 2026, the Company completed the acquisition (the “Acquisition”) in accordance with the Asset Purchase Agreement, for an aggregate purchase price of approximately $1,500.0 million paid in cash and 3,558,691 shares of the Company’s common stock.”
56. SiTime Corporation, Form 10-Q filed 2026-08-06: “In May 2026, the Company issued $1,350.0 million aggregate principal amount of 0% Convertible Senior Notes due 2031”
57. The record on this page: the filed annual figures (EDGAR's company facts)
58. SiTime Corporation, Form 10-K filed 2026-02-11: “Revenue increased by $124.0 million, or 61%, for 2025 compared to 2024 primarily driven by demand for our products in AI and datacenter applications. The revenue growth was related to an increase in ASPs of our products due to change in mix of the products we shipped as well as a 14% increase in unit shipment volume.”
59. SiTime Corporation, Form 10-K filed 2026-02-11: “Gross Margin 54 % 52 % 57”
60. SiTime Corporation, Form 10-K filed 2026-02-11: “Research and development expense increased by $12.0 million, or 11%, for the year ended December 31, 2025 compared to the same period in 2024, primarily due to an increase in stock-based compensation costs of $4.6 million”
61. SiTime Corporation, Form 10-K filed 2026-02-11: “Selling, general and administrative expense increased by $14.3 million, or 14%, for the year ended December 31, 2025 compared to the same period in 2024”
62. SiTime Corporation, Form 10-K filed 2026-02-11: “Interest income 24,830 22,883 26,958 1,947 9”
63. SiTime Corporation, Form 10-K filed 2026-02-11: “We believe that the total timing market is approximately $11 billion in size and growing.”
64. SiTime Corporation, Form 10-K filed 2026-02-11: “We intend to continue to broaden our product portfolio by offering additional varieties of oscillators, expanding into the clock IC market and growing our business in standalone resonators.”
65. SiTime Corporation, Form 10-K filed 2026-02-11: “Based on the production schedules of key customers, our products typically see stronger revenue in the second half of our fiscal year.”
66. SiTime Corporation, Form 10-K filed 2026-02-11: “We believe that continued investment in our products is important for our future growth and acquisition of new customers and, as a result, we expect our research and development expenses to continue to increase in absolute dollars.”
67. SiTime Corporation, Form 10-K filed 2026-02-11: “Based on our current contracts, we expect the non-recurring engineering reimbursements to decline in future periods.”
68. SiTime Corporation, Form 10-K filed 2026-02-11: “Compared to traditional clock IC suppliers, we are different in that we design the resonator in-house and can integrate it into the clock IC package.”

Who runs it

Vashist, Rajesh (Chief Executive Officer); Bonnot, Lionel (Executive Vice President, Worldwide Sales and Business Development); Howe, Elizabeth A. (EVP, Chief Financial Officer); Pangrazio, Vincent P (EVP, Chief Legal Officer & Corporate Secretary.); Ahamad, Samsheer (SVP Finance and Chief Accounting Officer This transfer of shares to the Trust in this Form 4 is being filed late due to an administrative e); Sevalia, Piyush B (EVP, Chief Business Officer); Assaderaghi, Fariborz (See Remarks); Frank, Edward H. (director); Kreindl, Torsten (director); Schuelke, Katherine (director); and 5 more. 15 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-06.

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