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SiTime Corporation (SITM) operates in the global semiconductor market, focusing on the highly competitive timing market. The company designs and develops Precision Timing solutions that are critical for various electronic systems. SITM sells these solutions to a diverse customer base, primarily through international distributors.
- Precision Timing Solutions - Designs, develops, and sells timing solutions for the global electronics industry, integrating these products into various electronic systems.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Rajesh Vashist ExecutiveBoard | Chairman, President, and CEO | None | Rajesh Vashist has been the CEO of SiTime since September 2007 and Chairman since November 2019. He has extensive leadership experience in the semiconductor industry. | View Report → |
Elizabeth A. Howe Executive | EVP, Finance and CFO | None | Joined SiTime in November 2023. Previously held senior finance roles at HP Inc., including Chief Audit Executive and Global Head of Investor Relations. | |
Fariborz Assaderaghi Executive | EVP, Technology and Engineering | None | Rejoined SiTime in December 2020. Previously held senior engineering roles at NXP Semiconductors, InvenSense, and Rambus. | |
Lionel Bonnot Executive | EVP, Worldwide Sales and Business Dev. | None | Joined SiTime in February 2018. Promoted to current role in July 2019. Previously held leadership roles at Quantenna Communications and Ikanos Communications. | |
Piyush B. Sevalia Executive | EVP, Marketing | None | Joined SiTime in March 2008. Promoted to EVP of Marketing in April 2012. Previously held marketing roles at semiconductor companies. | |
Samsheer Ahmad Executive | SVP, Finance and Chief Accounting Officer | None | Joined SiTime in May 2015. Promoted to current role in February 2024. Previously held finance roles at Guavus Inc. and TiVo Corporation. | |
Vincent P. Pangrazio Executive | EVP, Chief Legal Officer, and Secretary | None | Joined SiTime in June 2020. Previously served as General Counsel at Cavium, Inc. and HealthTap, Inc. | |
Akira Takata Board | Director | Consultant to MegaChips Corporation | Joined SiTime's board in November 2014. Former President and CEO of MegaChips Corporation. | |
Christine A. Heckart Board | Director | CEO of Xapa World, Inc.; Board Member at 6Sense Insights, Inc. | Joined SiTime's board in April 2021. Former CEO of Scaylr, Inc. and held executive roles at Cisco, Brocade, and NetApp. | |
Edward H. Frank Board | Director | Executive Chair of Gradient Technologies; Director at Analog Devices and Rocket Lab USA | Joined SiTime's board in November 2019. Extensive experience in semiconductor design and leadership. | |
Katherine E. Schuelke Board | Director | Chief Legal Officer at Credo Semiconductor Inc. | Joined SiTime's board in November 2019. Former Chief Legal Officer at Seagate Technology PLC and Altera Corporation. | |
Raman K. Chitkara Board | Lead Independent Director | Board Member at Arteris, Inc. and Automation Anywhere, Inc. | Joined SiTime's board in November 2019. Former Global Technology Industry Leader at PwC. | |
Tom D. Yiu Board | Director | SVP and CMO at Macronix International Co., Ltd.; Director at Chipbond Technology Corporation | Joined SiTime's board in November 2019. Extensive experience in memory IC design and marketing. | |
Torsten G. Kreindl Board | Director | Managing Partner at Deutsche Invest Venture Capital GmbH and Deutsche Invest Technology; Director at Plume Design, Inc. | Joined SiTime's board in November 2019. Former CEO of Deutsche Telekom Broadband Cable AG. |
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Given that gross margins are expected to step down to 57% in Q1, below your previous targets, can you elaborate on the specific factors causing this decline and the realistic timeline to reach your 60% gross margin goal?
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With 24% of your sales coming from your largest end customer, are you concerned about the risks associated with such customer concentration, especially if there are uncertainties about new products from them in 2025?
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You've highlighted strong growth in the Communications, Enterprise, and Data Center (CED) segment, but given the rapid changes in AI and data center technologies, how confident are you in the sustainability of this growth, and what steps are you taking to diversify your revenue streams?
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Despite significant investments in new products and CapEx of $16 million in Q4, your operating expenses remain high. How do you plan to achieve operating leverage, and when should we expect to see meaningful improvement in profitability?
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As the automotive industry shifts towards China and with 30%-40% of your automotive business coming from China, how are you addressing potential geopolitical risks and ensuring growth in Western markets that may be slower in adopting innovative technologies?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Abracon LLC | The company is identified as a competitor in the highly competitive global semiconductor and timing market, which includes both large international companies and smaller specialized firms. |
Daishinku Corp. | The company is mentioned as a competitor in the timing market, which is characterized by intense competition and includes companies offering a wide range of timing products. |
The company is listed among competitors in the semiconductor timing market, which is expected to see increased competition as new entrants and technologies emerge. | |
Kyocera Corporation | The company is noted as a competitor in the timing market, which includes both large multinational firms and smaller specialized companies. |
The company is identified as a competitor in the timing market, which is highly competitive and includes firms with significant resources and broad product offerings. | |
The company is mentioned as a competitor in the timing market, which is characterized by intense competition and evolving technologies. | |
Nihon Dempa Kogyo Co., Ltd. | The company is listed as a competitor in the timing market, which includes a mix of large international companies and smaller specialized firms. |
Rakon Limited | The company is identified as a competitor in the timing market, which is expected to see increased competition as existing competitors improve their offerings. |
Renesas Electronics Corporation | The company is noted as a competitor in the timing market, which includes firms with substantial resources and broad product portfolios. |
Seiko Epson Corporation | The company is mentioned as a competitor in the timing market, which is highly competitive and includes both large multinational firms and smaller specialized companies. |
The company is listed among competitors in the timing market, which is characterized by intense competition and evolving industry standards. | |
The company is identified as a competitor in the timing market, which includes firms with significant resources and broad product offerings. | |
TXC Corporation | The company is noted as a competitor in the timing market, which includes a mix of large international companies and smaller specialized firms. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Apple Inc. | End customer | All | Contributed 22% of 2024 revenue (~$44.59M ) |
Pernas Electronics Co., Ltd. | Distributor | All | 24% of 2024 revenue ( |
Arrow Electronics, Inc. | Distributor | All | 19% of 2024 revenue ( |
Quantek Technology Corporation | Distributor | All | 13% of 2024 revenue ( |
Sabre Technologies Pte. Ltd. | Distributor | All | 10% of 2023 revenue ; 16% of 2023 accounts receivable (~$3.50M ) |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Aura Semiconductor Pvt. Ltd. | 2023 |
No recent press releases or 8-K filings found for SITM.