---
schema_version: "secwatch.filing_event.v1"
accession: "0001451809-23-000101"
form_type: "8-K"
ticker: "SITM"
cik: "0001451809"
company_name: "SITIME Corp"
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:18:28.454407+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SiTime closes $148M asset purchase from Aura Semiconductor; $36M paid at closing

## Summary
- Closed acquisition of timing business assets and IP from Aura Entities on December 1, 2023.
- Aggregate purchase price ~$148M; $36M cash paid at closing, subject to customary adjustments.
- Remaining purchase price payable periodically upon delivery of qualifying products containing licensed IP.
- Potential earnout payments up to $120M based on net revenue from licensed-IP products through 2028.

## SEC filing metadata
- accession: 0001451809-23-000101
- form_type: 8-K
- ticker: SITM
- cik: 0001451809
- company_name: SITIME Corp
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451809/000145180923000101/0001451809-23-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451809/000145180923000101/sitm-20231201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451809-23-000101
- JSON: https://secwatch.observer/filing/0001451809-23-000101.json
- Plain text: https://secwatch.observer/filing/0001451809-23-000101.txt

## Key facts
- M&A Transactions
  SITIME Corp completed an acquisition involving Ningbo Aura Semiconductor Co., Ltd., Aura Semiconductor Pvt. Ltd., Shaoxing Yuanfang Semiconductor Co Ltd., Aura Semiconductor Limited, and Aim Core Holdings Limited (collectively, the Aura Entities) for $36 million of the aggregate purchase price of approximately $148 million in cash at the closing, subject to certain customary adjustments, and the remaining am (closed 2023-12-01).
  - Action: acquisition
  - Counterparty: Ningbo Aura Semiconductor Co., Ltd., Aura Semiconductor Pvt. Ltd., Shaoxing Yuanfang Semiconductor Co Ltd., Aura Semiconductor Limited, and Aim Core Holdings Limited (collectively, the Aura Entities)
  - Consideration: $36 million of the aggregate purchase price of approximately $148 million in cash at the closing, subject to certain customary adjustments, and the remaining am
  - Closing: 2023-12-01
  source text: or waiver of the closing conditions under the Master Framework Agreement. Pursuant to the Master Framework Agreement, as consideration for the Transaction, the Company paid $36 million of the aggregate purchase price of approximately $148 million in cash at the closing, subject to certain customary adjustments, and the remaining amounts will be paid on a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451809/000145180923000101/0001451809-23-000101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.