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// Workers AI · dad joke modeWhat did SiTime say to its friend? You're a timely silicon chip off the old block.

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SiTime Corporation
TypePublic
IndustrySemiconductor
Founded2005; 21 years ago (2005)
Founders
  • Marcus Lutz
  • Aaron Partridge[1]
HeadquartersSanta Clara, California, U.S.
Key peopleRajesh Vashist (chairman, president & CEO)[2]
ProductsMicro-electromechanical systems (MEMS)
RevenueIncrease US$283.61 million (2022)[3]
Increase US$16.14 million (2022)[3]
Increase US$23.34 million (2022)[3]
Total assetsIncrease US$750.62 million (2022)[3]
Total equityIncrease US$708.48 million (2022)[3]
OwnerMegachips (24%)[4]
Number of employees
377 (December 31, 2022)[3]
Websitesitime.com

SiTime Corporation is a publicly traded fabless chipmaker based in Santa Clara, California that develops micro-electromechanical systems (MEMS), used for timing devices in electronics.

History

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SiTime was founded in Santa Clara, California in 2005 by researchers Marcus Lutz and Aaron Partridge.[5][1]

In 2014, the company was acquired for $200 million by Japanese fabless semiconductor company MegaChips.[6]

In November 2019, SiTime was spun off and went public.[5] MegaChips is a shareholder that owns 25%.[6]

In January 2021, based on SiTime's 2020 stock gain, Investors Business Daily included the company on its list of the 100 best stocks of 2020.[7]

Products

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SiTime manufactures silicon-based MEMS timing devices, used as an alternative to quartz timers in precision timing applications such as controlling the timing of electronic systems, managing electronic transfer of data, setting radio frequencies or measuring time.[8] It provides MEMS resonators, oscillators and clocks.[9]

Operations

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SiTime is headquartered in Santa Clara, California. It also operates a research center in Dexter, Michigan.[8] In its 2021 annual report, the company reported 279 full time employees in the United States, France, Malaysia, the Netherlands, Taiwan, Japan and Ukraine.[10]

References

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  1. 1 2 "Japan's MegaChips to buy MEMS maker SiTime". EENews Europe. October 30, 2014. Retrieved June 22, 2022.
  2. ↑ "Rajesh Vashist". Wall Street Journal. Retrieved June 22, 2022.
  3. 1 2 3 4 5 6 "SiTime 2022 Annual Report". SiTime. October 17, 2023. Retrieved October 17, 2023.
  4. ↑ "SiTime Corporation 2022 Proxy Statement (Form DEF 14A)". U.S. Securities and Exchange Commission. April 20, 2022.
  5. 1 2 "Timing Is Everything For Hot Fabless Chipmaker SiTime". Investors Business Daily. December 30, 2020. Retrieved June 22, 2022.
  6. 1 2 "Silicon Valley Business Journal". Silicon Valley Business Journal. October 24, 2019. Retrieved June 22, 2022.
  7. ↑ "Best Companies Of 2020: See Who Joins Tesla, Moderna, Zoom Video". Investors Business Daily. January 1, 2021. Retrieved June 22, 2022.
  8. 1 2 "Silicon Valley's SiTime Expands to Michigan, Opens Center in Dexter to Target Autonomous Vehicles". dBusiness. May 17, 2018. Retrieved June 22, 2022.
  9. ↑ "SiTime Enters MEMS Clock ICs for Resilient Timing in 5G and Outdoors". EETimes. August 27, 2020. Retrieved June 22, 2022.
  10. ↑ "Apple's role revealed as lossy SiTime files for IPO". eeNews Analog. October 24, 2019. Retrieved June 23, 2022.

Further reading

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[edit]
  • Official website
  • Business data for SiTime Corporation:
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