Core Viewpoint - SiTime Corp. is in discussions to acquire Renesas Electronics Corp.'s timing unit, which could be valued at up to $2 billion, including debt [1][2]. Group 1: Acquisition Details - SiTime is negotiating terms for the acquisition of Renesas' timing division, which produces clocks for wireless infrastructure and data centers [1]. - The potential deal represents SiTime's largest acquisition to date [4]. - Negotiations are ongoing, and there is no guarantee of an agreement, with the possibility of other bidders emerging or changes in deal terms [2]. Group 2: Market Reactions - Renesas shares increased by 7.2% in Tokyo, marking their largest gain since October 31, outperforming other Japanese chip manufacturers [3]. - SiTime's shares have risen by 34% this year, giving it a market value of approximately $7.8 billion [5]. - Renesas has seen a decline of 11% in its shares, resulting in a market capitalization of about 3.4 trillion yen ($21.9 billion) [5]. Group 3: Ownership and Backing - SiTime has a Japanese backer, MegaChips Corp., which owns 13% of SiTime and previously took it public [4].