SiTime wins GSA’s Best Financially Managed Semiconductor Company Award
SiTime Corp. announced it has won the Global Semiconductor Alliance (GSA) Award for the Best Financially Managed Semiconductor Company Achieving up to $1 Billion in Annual Sales.
SiTime received the industry award at the 2022 GSA Awards Dinner Celebration held on December 8th in Santa Clara, CA.
The Best Financially Managed Semiconductor Company Award is derived based on a broad evaluation of the financial health and performance of public fabless and IDM semiconductor companies. Numerous financial metrics as well as their respective rates of change or year-over-year improvement are analysed. These financial metrics transverse various categories including but not limited to growth rates, margins, cash flow, profitability ratios, efficiency ratios and return on capital. All companies are ranked on each metric as well as its rate of change, and then the overall performance is compared to the peer universe to determine the winner.
“We are honoured to be recognised by the global semiconductor industry with the Best Financially Managed Semiconductor Company Award," said Rajesh Vashist, CEO of SiTime. "SiTime is on an exciting journey to build an iconic company that delivers value to all our stakeholders. From the very beginning, we articulated a vision to disrupt the industry, and with perseverance, creativity, and leadership, we are transforming the $10B timing market. This award is dedicated to our worldwide team, who has been focused and courageous, delivering precision timing solutions adopted by 20,000 customers in 300 applications across all electronics. A heartfelt thank you to the SiTime team, our customers, investors, and the Global Semiconductor Alliance for joining us on our journey.”
“SiTime continues to make innovative strides within the semiconductor industry, as the pure-play precision timing leader with a year-over-year improvement and top financial performance since its IPO. SiTime’s growth strategy is built on a solid foundation of financial performance that is transforming the timing market. This recognition is well deserved, and we congratulate the team on all its accomplishments," said Jodi Shelton, President and Co-Founder of GSA.