SiTime said to be nearing $3 billion deal for Renesas timing unit
SiTime, a leading timing chipmaker from Santa Clara, is close to buying Renesas’ timing unit for about $3 billion. The deal could be announced soon and would be SiTime’s largest acquisition, expanding its clocks and synchronization chips for wireless networks, AI data centers, and high-speed communications. Overview of SiTime Overview of Renesas’ Timing Unit Strategic Rationale…