secwatch.observer — SEC 8-K summary
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Issuer:     SITIME Corp (SITM)
CIK:        0001451809
Form:       8-K/A
Filed at:   2026-09-08T23:12:17+00:00
Accession:  0001451809-26-000068
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiTime closes $1.5B Renesas timing acquisition; acquired unit H1 revenue up 57% YoY
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- Acquisition of Renesas timing business closed July 1, 2026 for ~$1.5B cash plus 3,558,691 SiTime shares.
- Acquired unit H1 2026 revenue $153.0M, up 57% from $97.3M in H1 2025; Q2 revenue $83.7M vs $50.3M.
- H1 2026 revenue less direct expenses $75.9M vs $33.3M in H1 2025; net assets acquired $424.8M.
- Goodwill attributed to the business totals $382.3M; intangible assets net $35.6M as of June 30, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451809/000145180926000068/0001451809-26-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451809/000145180926000068/sitm-20260630.htm
  HTML page:      https://secwatch.observer/filing/0001451809-26-000068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer