SiTime从Aura Semiconductor收购时钟产品SiT1533AI-H4-DCC-32.768

SiTime从Aura Semiconductor收购时钟产品SiT1533AI-H4-DCC-32.768

SiTime公司是一家精确计时公司。我们的半导体MEMS可编程解决方案提供丰富的功能集，贴片晶振使客户能够以更高的性能、更小的尺寸、更低的功耗和更好的可靠性使其产品脱颖而出。随着超过30亿台设备的出货，SiTime正在改变计时行业。

SiTime提供完整的MEMS kHz振荡器和TCXOs产品组合。超小尺寸、电源运行和精度的独特组合使这些器件非常适合为空间敏感型电池驱动产品提供时钟。凭借可编程的驱动强度，这些器件可以驱动多个负载，例如ble睡眠时钟、RTC、音频和其他连接SOC。

SiTime从Aura Semiconductor收购时钟产品SiT1533AI-H4-DCC-32.768

“SiTime的愿景是改造100亿美元计时市场的所有类别，”SiTime首席执行官兼董事长Rajesh Vashist表示。“自2019年首次公开募股以来，我们一直专注于解决振荡器类别中最困难的问题，并取得了回报。在这四年中，我们的独特产品从60种增加到150种，我们价值最高的振荡器的价格增长了十倍。通过此次收购，我们将重点放在了钟表品类上，现在增加了20款同类最佳钟表，到2024年底还将增加20款。”

SiTime将拥有基于Aura的IP和时钟产品石英晶振组合销售现有和新产品的独家、永久和不可撤销的权利。其中3600万美元的固定付款将在收盘时支付，2024年支付7500万美元，2025年支付3700万美元。所有这些付款都与Aura的产品交付有关。在2023年至2028年期间，收益支付将基于收购产品产生的各种收入倍数。作为交易的一部分，SiTime将在印度本加卢鲁开设一个办事处，并在那里设立一个工程和支持团队。

SiTime从Aura Semiconductor收购时钟产品SiT1533AI-H4-DCC-32.768

SiTime Acquires Clock Products from Aura Semiconductor

SiTime Corporation is the precision timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power, and better reliability. With more than 3 billion devices shipped, SiTime is changing the timing industry.
Deal Accelerates SiTime’s Roadmap to Provide Communications and Datacenter Customers With Highly Differentiated Timing Products
SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 1, 2023-- SiTime Corporation (NASDAQ: SITM), the precision timing company, today announced it has entered into an exclusive agreement with Aura Semiconductor to acquire its clock products and license all of its clock IP. This is an all-cash transaction, comprised of fixed payments totaling $148 million, and earnouts capped at $120 million. The transaction is expected to close by the end of 2023.
“SiTime’s vision is to transform all categories of the $10 billion timing market,” said Rajesh Vashist, CEO and chairman of SiTime. “Since our IPO in 2019, our singular focus has been on solving the most difficult problems in the oscillator category, and that has paid off. In these four years, we’ve grown from 60 to 150 unique products, and the price of our highest-value oscillator has grown tenfold. With this acquisition, we bring our focus to the category of clocks, adding 20 best-in-class clocks now, and another 20 by the end of 2024.”
“We’ve leveraged our strong balance sheet to accelerate by several years our clocking revenue, while also increasing our oscillator revenue,” continued Vashist. “These clocks have gross margins that are higher than our corporate target and are used with our Elite TCXO and Epoch OCXO families. Before today, customers were forced to deal with separate Clock and Oscillator vendors. Uniquely, SiTime will offer both categories, standalone and engineered to be optimized with each other, for our core markets of communications, datacenter, and AI. With this deal, we significantly advance our vision, becoming the only provider with complete and differentiated precision timing products.”
SiTime will hold exclusive, perpetual, and irrevocable rights to sell existing and new products based on Aura’s IP and clocking portfolio. $36 million of the fixed payments will be paid at close, $75 million in 2024 and $37 million in 2025. All these payments are tied to product deliveries from Aura. The earnout payments will be based on various multiples of revenue generated from the acquired products, during the period from 2023 through 2028. As part of the transaction, SiTime is opening an office in Bengaluru, India with an engineering and support team there.