Sitime Corporation shares rise 3.67% intraday after announcing silicon products disrupting timing devices.

Sitime Corporation rose 3.67% in intraday trading, with the company's precision timing solutions disrupting the timing devices market. SiTime Corporation is a provider of precision timing solutions to the global electronics industry, with products designed for approximately 300 applications across its target markets, including communications and enterprise, automotive, industrial, aerospace, mobile, Internet of Things (IoT), and consumer. The company's all-silicon solutions are based on three areas of expertise, which include micro-electro-mechanical systems (MEMS), analog mixed-signal design capabilities, and advanced system-level integration expertise.