MegaChips completes SiTime acquisition

25th November 2014
Posted By : Barney Scott

SiTime announces the completion of its acquisition by MegaChips. This closing follows the earlier announcement that SiTime had entered into a definitive agreement to be acquired by MegaChips for $200m in cash. SiTime will retain its name and operate as a wholly owned subsidiary of MegaChips.

MegaChips was established in 1990 as an innovative fabless company dedicated to ASICs and system LSIs with the goal of integrating LSIs and systems knowledge and solutions. Its focus is on the development of cutting-edge system LSIs and systems products incorporating original algorithms and architecture in the areas of imaging, audio, and telecommunications, and using the advances it achieves to offer outstanding products and solutions that meet the needs of its clients.

SiTime offers MEMS-based silicon timing solutions that replace legacy quartz products. With 80% market share and about 250m devices shipped, SiTime is driving the electronics industry to use 100% silicon-based timing. In this market, SiTime competes with public companies such as Silicon Labs, Micrel, Seiko Epson and Kyocera.


You must be logged in to comment

Write a comment

No comments




More from SiTime Corporation

Sign up to view our publications

Sign up

Sign up to view our downloads

Sign up

Automotive World 2018
17th January 2018
Japan Tokyo Big Sight
Building IoT products for smart healthcare market
8th February 2018
United Kingdom Cocoon Networks, London
Smart Mobility Executive Forum
12th February 2018
Germany Berlin
Medical Japan 2018
21st February 2018
Japan INTEX Osaka
Mobile World Congress 2018
26th February 2018
Spain Barcelona