SiTime issues $1.2B convertible notes due 2031 to fund Renesas timing assets acquisition

SiTime Corporation is issuing $1.2 billion in 0% convertible senior notes due 2031, with up to $150 million additional, to finance its acquisition of Renesas Electronics' timing business announced in February 2026. The offering includes capped call transactions to manage dilution and demonstrates the company's strategy to expand its timing solutions portfolio.