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SiTime Ships 50 Million Units of Its MEMS-Based Oscillators, Clock Generators and Resonators(Market Wire Via Acquire Media NewsEdge) SUNNYVALE, CA -- (MARKET WIRE) -- 06/06/11 -- SiTime Corporation, an analog semiconductor company, today announced that strong worldwide demand for its Oscillators, Clock Generators and Resonators has propelled the company's cumulative shipments past 50 million units. "The Silicon MEMS timing market is growing at a CAGR of 66.4% per year from 2011-2016. This growth is being driven by electronics companies who are adopting MEMS technology at the expense of legacy quartz products," said Laurent Robin, MEMS Analyst, Yole Developpement. "SiTime is the unquestioned leader in this rapidly growing market and had 85% share in 2010." "In the past year, SiTime has shipped more units than our combined shipments in our first five years of existence. This acceleration is made possible by rapid customer adoption of our Silicon-based products and our unmatched expertise in MEMS, high-performance analog and high-volume manufacturing," said Rajesh Vashist, CEO of SiTime. "Modern electronics uses 3-5 timing devices per system and that number is growing, driven by increasing system complexity and convergence. SiTime has the broadest timing product portfolio and is in the best position to capture this growth in the timing market." SiTime's MEMS and analog technology expertise has enabled many industry "firsts" as listed below: The first MEMS VCXO (Voltage Controlled MEMS Oscillator) with femto-second jitter performance and ten times better pull range and linearity than quartz, suitable for telecom, networking and embedded applications. The first MEMS oscillator platform (Encore) to enable TCXO and OCXO performance. The first programmable clock generator with integrated resonator that offers LVCMOS and differential outputs in a single package, which reduces board area by up to 66%. The lowest power programmable oscillator in the industry. The world's thinnest timing device, the SiT8003XT, which is usable in SIM cards and SmartCards. About SiTimeSiTime Corporation, an analog semiconductor company, offers MEMS-based silicon timing solutions that replace legacy quartz products. With 85% market share and over 50 million devices shipped, SiTime is driving the $5 Billion timing market's transition to 100% silicon-based timing. 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 our solutions allows customers to consolidate their supply-chain, reducing cost of ownership and time to market. By using standard semiconductor processes and high volume plastic packaging, SiTime offers the best availability and shortest lead times in the industry. Top-tier manufacturers are experiencing these benefits and recognize SiTime as The Smart Timing Choice™. News Release in 140 characters #SiTime passes 50 million units shipped milestone for #MEMS oscillators and clock generators. http://www.sitime.com #SiTime growth reflects rapid adoption of #MEMS-based silicon timing solutions for replacing legacy quartz products. http://www.sitime.com Add to Digg Bookmark with del.icio.us Add to Newsvine Contact: Piyush Sevalia Vice President, Marketing SiTime Corporation 408.331.9138 [email protected] Source: SiTime Corporation |