SiTime HSR Waiting Period Expires for $1.5B Renesas Acquisition

SiTime Corporation announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its acquisition of Renesas Electronics America Inc.'s timing business assets expired on May 8, 2026. This expiration satisfies a significant condition for the closing of the acquisition, valued at approximately $1.5 billion in cash and 4,130,644 shares of SiTime common stock. The closing remains subject to other customary conditions. SiTime has also secured a debt financing commitment of up to $900 million from Wells Fargo to fund a portion of the cash consideration.