SiTime Is Said in Talks to Acquire Renesas’s Timing Division (1)

Analog chipmaker SiTime Corp., which specializes in chips that keep circuits in sync inside data centers, is in talks to acquire Renesas Electronics Corp.’s timing unit, according to people familiar with the matter.

Santa Clara, California-based SiTime is discussing the terms of a potential deal for the Renesas division, which manufactures the clocks that synchronize the signals in wireless infrastructure, networking and data centers, the people said.

If a deal is struck, it could value the timing business at up to $2 billion, including debt, the people said, asking not to be identified discussing confidential information.

Negotiations between ...