CEO of U.S. Semiconductor Company Sells Shares Worth Hundreds of Millions

On June 15, SiTime Corporation (NASDAQ: SITM) CEO Rajesh Vashist sold 20,000 shares of the company’s common stock in the open market, raising approximately $15 million (roughly KRW 20 billion). After the sale, he still directly holds about 380,000 shares—valued at around $290 million (about KRW 4 trillion) based on the reported market price—and retains additional indirect stakes through separate corporate entities and family trusts, as well as unvested restricted stock units (RSUs) and performance-based RSUs. Around the same time, two other company officers each sold roughly 2,000 shares, generating about $1.45 million (around KRW 2 billion) in cash, while still maintaining significant remaining equity positions.

On July 1, the company announced it has completed the acquisition of the timing-business assets from Japan’s Renesas Electronics. The acquired business is expected to generate at least $300 million (approximately KRW 400 billion) in revenue over the 12 months following the acquisition.

SiTime, headquartered in Santa Clara, California, is a fabless semiconductor company that designs and sells MEMS-based silicon timing solutions for global markets, including AI data centers, communications, automotive and industrial equipment.