Company

SiTime Moves Headquarters, Doubles Office and R&D Space to Support Rapid Growth

SANTA CLARA, Calif. – October 24, 2016 – SiTime Corporation, the leader in MEMS-based timing solutions and a wholly owned subsidiary of MegaChips Corporation (Tokyo Stock Exchange: 6875), today announced the company has relocated its headquarters to 5451 Patrick Henry Drive, Santa Clara, California 95054. The new space is 50,000 square feet, twice the size of the previous office, and supports SiTime’s growth plans.

The company has invested extensively in improvements such as an expanded R&D lab, employee amenities, and an open floor plan to enhance collaboration and efficiency, all of which are expected to enrich SiTime’s creative entrepreneurial culture and inspire the development of breakthrough solutions.

SiTime has shipped over 500 million units to date and has grown at 60% CAGR (compound annual growth rate) since 2013. In the past year, SiTime has introduced ground-breaking 32-kHz Super-TCXOs™ and Elite Platform™ MHz Super-TCXOs, products that are driving rapid growth and transforming the timing industry by offering unique customer benefits.

SiTime is hiring in engineering, sales and marketing. Please visit SiTime’s Career page for details.

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About SiTime
SiTime Corporation, a MEMS and analog semiconductor company and a wholly owned subsidiary of MegaChips Corporation (Tokyo Stock Exchange: 6875), offers MEMS-based silicon timing solutions that replace legacy quartz products. SiTime’s configurable solutions enable customers to differentiate their products with higher performance, smallest size, lowest power and best reliability. The rich feature set and flexibility of SiTime’s solutions allow customers to consolidate their supply-chain, reducing cost of ownership and time to market. By using standard semiconductor processes and high volume packaging, SiTime offers the best availability and shortest lead times in the industry. With 90% market share and over 500 million devices shipped, SiTime is driving the electronics industry to use 100% silicon-based timing. www.sitime.com.

Contact:
Piyush Sevalia
Executive Vice President, Marketing
SiTime Corporation
408.331.9138
psevalia@sitime.com

About MegaChips Corporation (“MegaChips”)
MegaChips Corporation (1st section of the TSE (Tokyo Stock Exchange): 6875) was established in 1990 as the first innovative fabless semiconductor company in Japan. MegaChips exploits expertise in analog, digital and MEMS technology and globally provides LSIs and solutions that are crucial for advancing technology innovation.
MegaChips Corporation Home Page.