SiTime and Abracon Sign Partnership Agreement to Expand Availability of MEMS Oscillators

Nov 10, 2015, 13:12 ET from SiTime Corporation

SUNNYVALE, Calif., Nov. 10, 2015 /PRNewswire/ -- SiTime Corporation, a MEMS and analog semiconductor company and a wholly owned subsidiary of MegaChips Corporation (Tokyo Stock Exchange: 6875), today announced a strategic partnership with Abracon LLC, a global manufacturer of frequency control, signal conditioning, clock distribution and magnetic components. With this agreement, Abracon expands its product portfolio and will supply and support MEMS timing solutions through its global sales and distribution network. 

"Abracon has successfully built its business by offering best-in-class applications engineering and sales support. We've grown rapidly by responding to market needs and forming strategic partnerships with industry leaders that offer high value solutions," said Christopher Polley, president of Abracon. "SiTime's innovative MEMS timing technology is the future of our industry. We are pleased to bring these solutions to our customers along with the excellent support they have always received from Abracon."

"SiTime's unique technology benefits – more features, higher performance, smaller size and better reliability – have been adopted by Tier 1 electronics customers worldwide. With shipments of over 350 million units, SiTime is the leader, and is transforming the $5 billion timing market," said Rajesh Vashist, CEO of SiTime. "Over the last twenty years, Abracon has built a global brand with a leadership position in the quartz timing field, and now serves over 50,000 customers. SiTime is excited to partner with Abracon and bring our MEMS timing technology to all their customers."

About Abracon
Abracon was established in 1992 with the vision of becoming a top tier global manufacturer of Frequency Control, Signal Conditioning, Clock Distribution and Magnetic Components with local design and technical support. Abracon provides its customers with high quality products, competitive pricing, timely delivery, reliable engineering and technical support, plus production flexibility worldwide. For more information, visit www.abracon.com.

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, reduced size and better 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 80% market share and over 300 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

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SOURCE SiTime Corporation



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