SiTime Confirms Discussions with Renesas Regarding Potential Acquisition of Renesas' Timing Business

Core Viewpoint - SiTime Corporation is in discussions with Renesas Electronics Corporation regarding a potential acquisition of Renesas' timing business, but no agreement has been reached yet [1] Group 1 - SiTime Corporation is identified as a Precision Timing company [1] - The discussions with Renesas are focused on Renesas' timing business [1] - There is no assurance that any transaction will result from these discussions or the terms of any potential transaction [1]