SiTime Corporation completed the acquisition of Renesas Electronics America's timing business on July 1, 2026, for approximately $1.5 billion in cash and 3,558,691 shares of common stock. The company also entered into a $200 million senior secured revolving credit facility with Wells Fargo Bank, National Association, effective June 30, 2026. SiTime Corporation is a semiconductor company that provides timing solutions for various electronic applications.