renesas' timing unit

Analog chipmaker SiTime agrees to acquire Tokyo-based Renesas' timing unit for $1.5B in cash and 4.13M shares in a ~$2.9B deal, set to close by the end of 2026

Analog chipmaker SiTime Corp. has agreed to acquire Renesas Electronics Corp.'s timing unit in a cash-and-stock transaction valued at about $2.9 billion.