SANTA CLARA, Calif. – SiTime Corporation - a leading provider of MEMS timing, and Bosch, a global supplier of technology and services, announced a strategic technology partnership to accelerate innovation in micro-electro-mechanical systems (MEMS) timing. SiTime will work with Bosch to develop processes for next-generation MEMS resonator products. These MEMS resonators are the heartbeat of 5G, IoT and automotive electronics, and will enable the higher speeds of 5G, long battery life of IoT devices and increased reliability of driver assistance systems in automotive. Bosch will utilize its expertise in MEMS manufacturing to produce these resonators for SiTime and ensure availability of high-volume capacity.
Having established a regional presence in 1906 in North America, the Bosch Group employs 34,700 associates in more than 100 locations, as of December 31, 2020. According to preliminary figures, Bosch generated consolidated sales of $13.1 billion in the U.S., Canada and Mexico. For more information, visit www.bosch.us, www.bosch.ca and www.bosch.com.mx.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 394,500 associates worldwide (as of December 31, 2020). According to preliminary figures, the company generated sales of $87.1 billion in 2020. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 126 locations across the globe, Bosch employs some 73,000 associates in research and development, as well as roughly 30,000 software engineers.
Additional information is available online at www.bosch.us, www.iot.bosch.com, https://us.bosch-press.com, https://twitter.com/BoschPress
Exchange rate: 1 EUR = 1.2171
About SiTime
SiTime Corporation, the leader in MEMS timing and a wholly owned subsidiary of MegaChips Corporation (Tokyo Stock Exchange: 6875), offers MEMS-based silicon timing solutions that replace legacy quartz products. SiTime’s configurable solutions enable customers to differentiate their products with higher performance, smallest size, lowest power, and best reliability. The rich feature set and flexibility of SiTime’s solutions allow customers to consolidate their supply chain, reducing the cost of ownership and time to market. By using standard semiconductor processes and high-volume packaging, SiTime offers the best availability and shortest lead times in the industry. With 90% market share and over 1 billion devices shipped, SiTime is driving the electronics industry to use 100% silicon-based timing. www.sitime.com.