Renesas Electronics Corp (RNECY)

$SITM $RNECY SiTime to acquire assets of Renesas timing business for $1.5B, 4.3M shares SiTime (SITM) and Renesas (RNECY) announced that SiTime and Renesas' consolidated subsidiary, Renesas Electronics America, have signed a definitive agreement whereby SiTime will acquire certain assets related to Renesas' timing business. Additionally, the companies have signed a partnership MOU to explore SiTime's MEMS resonator integration into Renesas' embedded computing products. In the 12 months following the close of the transaction, the business is expected to generate $300M in revenue. The acquisition is expected to expedite SiTime's progress toward the upper end of its 60%-65% gross margin target while maintaining its targeted long-term annual revenue growth rate of 25%-30%. The acquisition is expected to be accretive to SiTime's non-GAAP earnings per share in the first year post-close. Under the terms of the asset purchase agreement, SiTime will acquire certain assets related to Renesas' timing business for $1.5B in cash and approximately 4.13M shares of common stock, $0.0001 par value per share of SiTime, subject to a potential adjustment and a collar determined by the 10-day volume weighted average price as of three trading days prior to the execution of the asset purchase agreement. The stock consideration will be paid in the form of newly issued SiTime common stock based on SiTime's 10-day VWAP as of three trading days prior to closing, subject to a floor price of $308.6686 and a ceiling price of $417.6104. SiTime intends to fund the cash consideration with cash on hand and $900M of fully committed debt financing from Wells Fargo Bank. SiTime's cash flows, including following the closing of the transaction, are expected to support rapid de-levering to less than 2x within 24 months post-close. The transaction is not subject to any financing conditions. The SiTime and Renesas boards of directors have each unanimously approved the acquisition, which is expected to close by the end of 2026, subject to customary closing conditions and regulatory approvals. Hidetoshi Shibata, CEO of Renesas, will join SiTime's board of directors after the close of the transaction.

$RNECY how convenient is selling a chunk of the most desired business for exactly the same amount as they wasted on wolfspeed. This is bad.

$RNECY https://www.reuters.com/business/japanese-semiconductor-company-renesas-explores-2-billion-sale-timing-unit-2025-10-14/

$RNECY bailed out Wolf because they had no other chance after investing 5B to a failing company with a product noone wants or needs. Last big gamble before both companies go bankrupt. Renesas has started selling it`s parts, rumor is that its timing portfolio will be bought out for 2B. Exactly their loss at the wolf deal. Coincidence?

$RNECY $WOLF they were dum enough to be a creditors. They did not bail out but they were trapped. No other go to get their money at least 20 percent. Murugappa is praying to all big temples

$WOLF Meet our new largest oner $RNECY, (39%). Renesas has 23B usd market cap to our new 620M; their 22k employees to 3k. Why would this itself struggling Japanese electronics maker toss lifeline to $WOLF if there wasn't a strategic plan? $RNECY is owned by CG Power, which in turn is owned by Murugappa Group, both of India.

$WOLF I know that $RNECY 's chart doesn't look that great, but why would they have taken a 38% stake for no benefit. They themselves make SIC mosfet power chips, but probably not as well as $WOLF. The whole sector has been hit by the EV scare. EV's are here to stay, both worldwide and here and most of the domestic mfrs are located in red states. If and when the tariff scare is past. confidence will return to the related mfrs. and $WOLF will emerge. They went through something similar years ago when they were known as Cree and held the most valuable LED lighting patents in the world.

$WOLF Renesas $RNECY is set to receive approximately 38% of the restructured Wolfspeed company upon emergence from Chapter 11 (expected by early October 2025). This positions Renesas as the largest shareholder in the new entity. RNECY Renesas Electronics Corporation. If $WOLF was going higher then $RNECY would be too. Its down 25% over the past 6 months.

$WOLF confirmation hearing for the plan and disclosure statement has been scheduled for September 8, 2025. Set your clocks & don't snooze on the $RNECY alarm

$RNECY They acquired TGAN last year, with quantum popping off in the next years/decades this will come around.