Oct 30 2014
SiTime Corporation,a MEMS and analog semiconductor company, today announced that it has signed a definitive agreement under whichMegachips Corporation，a top 25 fabless semiconductor company based in Japan, will acquire SiTime for $200 million in cash. This transaction combines two complementary fabless semiconductor leaders that provide solutions for the growing Wearables, Mobile and Internet of Things markets.
“SiTime’s founders, Markus Lutz and Dr. Aaron Partridge, started the company with a vision of developing game-changing MEMS and analog technology to revolutionize the $5 billion timing industry,” said Rajesh Vashist, CEO of SiTime. “Through innovation, passion and focus, we’ve successfully delivered on this vision. Today, SiTime is the overwhelming leader – we have 1000 customers, 250 million units shipped, major design wins in all electronics segments, and a roadmap that extends SiTime’s MEMS technology to all timing markets.”
Vashist继续说：“当我们共享一种共同的企业家文化时，每个Sitime员工都很高兴成为Megachips的一部分。”“ Megachips的财务实力和规模，凭借Sitime的创新和热情，将迅速加快采用MEMS定时解决方案。”
尽管电子世界已经提供了许多创新，但时钟功能（在所有电子产品中都是心跳）仍然使用了75年历史的石英技术。Sitime的创新MEMS定时解决方案取代了电信，网络，计算，存储和消费市场中已过时的石英产品，其优势较高，尺寸较小，功率和成本较低。
Megachips Corporation总裁兼首席执行官Akira Takata表示：“ Megachips具有积极的增长战略，具有通过有机增长和战略收购成为前十名Fabess半导体公司之一的愿景。”“ MEMS组件正在推动半导体行业的增长。通过收购Sitime，Megachips成为MEMS的领导者。Sitime将帮助我们扩大投资组合并使客户群多样化。Siteme Technology是Megachips解决方案的完美匹配，该解决方案针对可穿戴设备，移动和物联网市场，例如“ Frizz”，我们的超低功率智能手机传感器HUB LSI和BlueChip Wireless，Sub-GHz RF LSI。”
“As a founding investor in SiTime, Bosch recognized early on the tremendous vision and innovation behind SiTime’s approach to MEMS timing,” said Dr. Volkmar Denner, Chairman, Board of Management of Robert Bosch GmbH. “We have closely followed their success from a Silicon Valley startup to a revenue-generating company that sells to some of the world’s largest electronics companies. We are pleased that MegaChips is acquiring SiTime and we expect a bright future for the combined companies.”
“We are delighted by this merger. MegaChips and SiTime are very complementary companies with similar innovative and entrepreneurial cultures, and a unified vision that can transform the electronics industry," said Joe Horowitz, Managing General Partner at Jafco Ventures and a SiTime Board Member. “By leveraging SiTime's proprietary technologies and highly differentiated products, I have no doubt this combination is just at its opening act with a great future ahead."
“在过去的十年中，Sitime建立了一个非凡的技术平台和一个对领先客户需求量很高的产品家族，” New Enterprise Associates的风险合作伙伴Brooke Seawell说，Sitime的创始投资者和董事会成员。“随着Megachips的运营和全球规模，Sitime的未来是光明的。合并后的公司将加速采用MEMS时正式解决方案，并将成为电子行业的主要供应商。”
结束后，计划于2014年11月待定的监管批准和习惯结束条件，Sitime将保留其名称并作为Megachips的全资子公司运营。在此交易期间，Needham＆Company，LLC担任Sitime的独家财务顾问。
Megachips Corporation（TSE的第一部分（东京证券交易所）：6875）成立于1990年，是一家创新的Fabless公司，致力于ASIC和System LSIS，目的是集成LSIS和Systems知识和解决方案。它的重点是开发尖端系统和系统产品，这些产品和系统产品在成像，音频和电信领域中结合了原始算法和建筑，并利用其取得的进步来提供出色的产品和解决方案，以满足其客户的需求。有关其他信息，请访问：http://www.megachips.co.jp/english/index.html。
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