SiTime Expands Global Presence with Opening of Netherlands Office

SANTA CLARA, Calif., June 26, 2017 /PRNewswire/ -- SiTime Corporation, the leader in MEMS-based timing solutions and a wholly owned subsidiary of MegaChips Corporation (Tokyo Stock Exchange: 6875), announced the opening of an office in Delft, Netherlands. The new location expands SiTime's global presence and enables the company to bring game-changing products to market faster.

"SiTime's mission is to solve the most difficult timing challenges for our customers," said Rajesh Vashist, CEO of SiTime. "Delft has a rich talent pool of design experts from renowned institutions like the Delft University of Technology. With this new research and development team, we can design revolutionary products faster and accelerate the transformation of the $6 billion timing market."

Since 2005, SiTime has been changing the face of the timing industry. By combining the inherent advantages of silicon with the company's analog expertise, SiTime is driving the electronics industry to use 100% silicon-based timing. And the company has done so with great success, capturing 90% market share and shipping over 700 million devices.

To meet customer demand, SiTime has expanded its international footprint, opening sales, operations, and engineering offices worldwide. In addition to its Santa Clara, California headquarters, the company has centers in Thailand, Malaysia, Taiwan, China, Japan, Ukraine, Russia, the United Kingdom, and now the Netherlands.

SiTime's Delft office will launch as a research and development facility. Together with the Santa Clara office, the Delft team will focus on improving and expanding SiTime's product offering for its customers.

"Timing is the heartbeat of every electronic device. Rapid innovation from SiTime is enabling unprecedented miniaturization, power savings, and performance in the next generation of electronics," said Vashist. "Our new team in Delft will play a pivotal role in accelerating the pace of innovation."

Interested in joining SiTime's growing team? Visit https://www.sitime.com/company/careers to learn more.

About SiTime
SiTime Corporation, a MEMS 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 700 million devices shipped, SiTime is driving the electronics industry to use 100% silicon-based timing. www.sitime.com.

    Contact:                  Mark Bajus

                              Director of Marketing Communications

                              SiTime Corporation

                              +1.408.495.4912

                              mbajus@sitime.com

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SOURCE SiTime Corporation