• SiTime priced an upsized offering of USD 1.2 billion of 0% Convertible Senior Notes due 2031, up from USD 1.1 billion.
• The sale is expected to close May 22, 2026.
• Underwriters received a 13-day option to buy up to an additional USD 150 million of notes to cover over-allotments.
• Net proceeds are estimated at about USD 1.17 billion, rising to about USD 1.32 billion if the option is exercised in full.
• Proceeds are earmarked to help fund the planned acquisition of certain Renesas timing assets, pay USD 108 million for capped call transactions, then support general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SiTime Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260519586624) on May 20, 2026, and is solely responsible for the information contained therein.