SiTime Achieves 50 Million Milestone for its Semiconductor Products Shipment

SiTime Corporation, an analog semiconductor company, announced that the company's cumulative shipments crossed 50 million units.

The shipments were fueled by strong worldwide demand for its oscillators, clock generators and resonators.

“SiTime is the unquestioned leader in this rapidly growing market and had an 85 percent share in 2010,” said Laurent Robin, MEMS Analyst, Yole Development.

According to analysts’ estimates, the Silicon MEMS timing market will be growing at a CAGR of 66.4 percent per year from 2011-2016. This growth is being driven by electronics companies that are adopting MEMS technology at the expense of legacy quartz products.

“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, in a statement.

Many industry segments are propelling the growth of SiTime. Modern electronics uses 3-5 timing devices per system and that number is growing, driven by increasing system complexity and convergence.

To leverage the growth in the industry segments, SiTime has the broadest timing product portfolio and is in the best position to capture this growth in the timing market. Besides, SiTime's MEMS and analog technology expertise has enabled many industry firsts.

The feature set and flexibility of its 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.

Recently, SiTime Corporation introduced the SiT8004, the industry's lowest power high frequency oscillator as claimed by the company. The SiT8004 reduces oscillator power consumption by up to 66 percent and is suited for high performance networking, video, computing and storage applications.