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Si Time
Who Owns SiTime?
Understanding SiTime's ownership is key to its market position. Its IPO in November 2019 marked a significant shift, providing capital for growth and innovation.
SiTime, a leader in silicon MEMS timing solutions, was founded in 2005. Its products are vital across enterprise, automotive, and consumer markets.
As of July 25, 2025, SiTime holds a market capitalization of approximately $5.17 billion. Institutional investors are the primary owners, influencing its governance and strategic path. This includes their innovative Si Time BCG Matrix solutions.
Who Founded Si Time?
SiTime Corporation was founded in 2005 by Marcus Lutz, Aaron Partridge, and Dr. Jingqing Han. Their collective expertise in MEMS technology and packaging innovation laid the groundwork for the company's disruptive approach to the timing industry.
Marcus Lutz brought a MEMS resonator prototype from his time at Bosch. Aaron Partridge contributed his Stanford research on thick film encapsulation for enhanced MEMS resilience.
The founders focused on developing a miniature, fully-encapsulated silicon device. This innovation was designed for mass manufacturability, aiming to revolutionize the traditional timing market.
In 2006, SiTime secured $20 million in Series A funding. Key investors included prominent venture capital firms like Kleiner Perkins Caufield & Byers and NEA.
In 2014, SiTime was acquired by MegaChips, a Japanese fabless semiconductor company, for $200 million. This marked a significant shift in the company's ownership structure.
Following the acquisition, MegaChips became a substantial shareholder. When SiTime went public in November 2019, MegaChips retained a 25% ownership stake.
While specific initial equity splits are not public, the founders' vision heavily influenced SiTime's early trajectory. Their focus remained on advancing MEMS-based timing solutions.
The ownership of SiTime Company has evolved significantly since its inception. Initially a venture-backed startup, its acquisition by MegaChips in 2014 fundamentally altered its ownership landscape. This transition led to MegaChips holding a considerable stake, which continued even after SiTime's public offering in 2019, impacting the Si Time ownership structure and its subsequent operations. Understanding this history is crucial for grasping the current Si Time ownership and its implications for investors and stakeholders, providing context for the Revenue Streams & Business Model of Si Time.
SiTime's journey from a startup to a publicly traded entity involved pivotal ownership changes.
- Founding in 2005 by Marcus Lutz, Aaron Partridge, and Dr. Jingqing Han.
- Securing $20 million in Series A funding in 2006 from venture capital firms.
- Acquisition by MegaChips for $200 million in 2014.
- MegaChips retaining a 25% ownership stake post-acquisition and IPO.
- Transition to a publicly traded company in November 2019.
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How Has Si Time’s Ownership Changed Over Time?
The ownership journey of SiTime Company has seen significant shifts, notably its acquisition by MegaChips in 2014 and subsequent Initial Public Offering (IPO) in November 2019. This transition from private to public ownership fundamentally altered its shareholder base and governance structure.
| Shareholder Type | Ownership Percentage (as of July 25, 2025) | Key Holders |
|---|---|---|
| Institutional Investors | 84.31% | Fmr Llc, BlackRock, Inc., Vanguard Group Inc, Invesco Ltd., State Street Corp. |
| MegaChips | 24% | |
| Corporate Insiders | 2.10% | CEO Rajesh Vashist (490,320 shares as of May 16, 2025) |
Following its IPO, SiTime Company's ownership structure is now predominantly held by institutional investors, reflecting a significant shift from its earlier private ownership under MegaChips. This concentration of ownership among large financial entities, such as Fmr Llc, BlackRock, Inc., and Vanguard Group Inc, influences the company's strategic direction and operational oversight, subjecting it to the expectations and governance standards of the public market. Understanding these major stakeholders is crucial for grasping the current dynamics of Si Time ownership.
Institutional investors collectively hold the vast majority of SiTime Company's shares, underscoring their significant influence. MegaChips remains a substantial shareholder, indicating a continued strategic interest.
- Institutional investors own 84.31% of SiTime Company as of July 25, 2025.
- Fmr Llc holds 3,310,518 shares as of March 31, 2025.
- BlackRock, Inc. possesses 3,124,195 shares as of March 31, 2025.
- Vanguard Group Inc owns 2,467,038 shares as of March 31, 2025.
- MegaChips maintains a 24% ownership stake.
- Corporate insiders, including the Si Time CEO, hold 2.10% as of August 1, 2025.
- The company's IPO in November 2019 marked a pivotal moment in its ownership evolution.
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Who Sits on Si Time’s Board?
The Board of Directors at SiTime Corporation is instrumental in guiding the company's strategic direction and overseeing its operations. As of April 2024, the board comprises individuals with significant experience in technology and business leadership, ensuring robust corporate governance. Rajesh Vashist holds the dual roles of Chairman of the Board and Chief Executive Officer.
| Director Name | Role |
|---|---|
| Rajesh Vashist | Chairman of the Board and CEO |
| Edward H. Frank | Independent Director |
| Christine A. Heckart | Independent Director |
| Torsten G. Kreindl | Independent Director |
| Katherine E. Schuelke | Independent Director |
| Akira Takata | Independent Director |
| Tom D. Yiu | Independent Director |
SiTime Corporation operates with a straightforward voting structure where each share of common stock carries one vote. The company's governance documents, including its amended and restated certificate of incorporation, do not permit cumulative voting for director elections. This means that a simple majority of the votes cast can determine the outcome for all director positions. The board's size is determined by the Board itself, and it is structured with a classified board system, meaning directors serve staggered three-year terms. This setup is designed to ensure continuity in leadership and can influence the dynamics of any potential changes in control. The company holds its annual stockholder meetings, with the most recent one conducted virtually on May 30, 2024, where directors are nominated by the nominating and corporate governance committee for election by shareholders. Understanding the Brief History of Si Time can provide further context on its ownership evolution.
SiTime's corporate governance is shaped by its board structure and voting mechanisms. The board's composition and the one-share-one-vote policy are key elements for shareholders to consider.
- The board includes both executive and independent directors.
- Voting is based on a one-share-one-vote principle.
- There is no cumulative voting for director elections.
- The board is divided into three classes with staggered three-year terms.
- Annual stockholder meetings are held to elect directors.
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What Recent Changes Have Shaped Si Time’s Ownership Landscape?
Over the past few years, SiTime Corporation has seen significant strategic moves and shifts in its ownership landscape. The company's focus on expanding its product offerings and solidifying its market position has been a key driver of these developments, influencing who owns Si Time and its overall company structure.
| Date | Transaction Type | Amount | Notes |
| November 2023 | Acquisition | $148 million (fixed) + up to $120 million (earnouts) | Acquisition of Aura Semiconductor's clock products and IP |
| June 2025 | Follow-on Public Offering | $350 million (gross proceeds) | Pricing of 1,750,000 shares at $200.00 per share |
Institutional investors remain the dominant force in SiTime's ownership, holding a substantial 84.31% of the company's shares as of August 1, 2025. This high level of institutional backing is a common characteristic within the semiconductor sector. Concurrently, insider activity has been notable, with key executives like CEO Rajesh Vashist and EVP Fariborz Assaderaghi engaging in share sales throughout 2024 and 2025. These transactions, including Vashist's sales totaling over $4.6 million in May and July 2025, and Assaderaghi's sale of over $1 million in May 2025, contributed to over $13.4 million in insider sales within the ninety days prior to August 1, 2025, and over $38 million over the preceding two years. These sales provide valuable insights into Si Time ownership details for investors and highlight potential shifts in individual ownership stakes.
Institutional investors hold a significant majority of SiTime's shares, indicating strong confidence from large financial entities in the company's trajectory.
Notable sales by key executives in 2024 and 2025 provide a glimpse into individual ownership changes and potential liquidity management by management.
The acquisition of Aura Semiconductor's clock products is poised to enhance SiTime's market presence and revenue streams in the timing market.
The recent follow-on public offering generated substantial capital, supporting the company's expansion plans and potentially altering the Si Time ownership breakdown by percentage.
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