SiTime in Talks to Buy Renesas Timing Unit for $2B

SiTime Corporation, a US-based chipmaker, is reportedly in talks to acquire Renesas Electronics timing unit, potentially valued at up to $2 billion. The deal could include crucial clock components for wireless infrastructure, networking, and data centers. Negotiations are ongoing, with no guarantee of a final agreement. SiTime, with strong Japanese ties, could make this its largest acquisition yet.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.