Rapid increase in adoption of silicon MEMS timing solutions as alternative to traditional quartz crystal products

Sunnyvale, California, June 6, 2011 – SiTime, an analog semiconductor company, announced today that cumulative shipments of its oscillators, clock generators, and resonators have surpassed 50 million units, driven by growing global demand.
Laurent Robin, MEMS analyst at Yole Développement, stated: "The silicon MEMS timing market is projected to grow at a CAGR of 66.4 percent from 2011 to 2016. This is driven by the rapid increase in electronics companies adopting MEMS technology as a replacement for traditional quartz crystal products. SiTime has established itself as a clear market leader in this rapidly growing segment, capturing 85 percent market share in 2010."

Rajesh Vashist, CEO of SiTime, said: "Last year, SiTime supplied more units than the combined shipments of the previous five years. This dramatic increase in shipments reflects the rapidly growing number of customers choosing our silicon-based products, built on our accumulated expertise in MEMS, high-performance analog, and high-volume manufacturing. Advanced electronic equipment utilizes three to five timing devices per system, and this number will continue to increase as system complexity grows and functional integration accelerates. SiTime possesses the most comprehensive portfolio of timing products and is optimally positioned to capitalize on this growth opportunity in the timing market."