Avnet Adds SiTime’s MEMS Timing Solutions to Line Cards in Americas and Asia

PHOENIX and SUNNYVALE, CALIF. — August 8, 2016 — Avnet, Inc. (NYSE: AVT), a leading global technology distributor, today announced a distribution agreement with SiTime Corporation, a MEMS and analog semiconductor company and wholly owned subsidiary of MegaChips Corporation (Tokyo Stock Exchange: 6875). Effective immediately, Avnet will offer SiTime’s MEMS oscillators in the Americas and Asia, excluding Japan.

SiTime offers MEMS-based silicon timing solutions that can replace legacy quartz products, providing greater performance, programmability, simplified board layout and reduced cost. SiTime’s product line includes 60 base product families and over 200,000 individual parts. In 2016, SiTime’s SiT8021 µPower MEMS oscillator was an Electronic Products magazine Product of the Year award winner.

“Timing devices are an essential driving force for all digital electronic systems and the innovations SiTime has introduced, like the SiT8021, provide the size, power and reliability characteristics that are so crucial for next-generation wireless solutions, including IoT devices, wearables and other mobile applications,” said Lynn Torrel, senior vice president, semiconductor business development, worldwide, Avnet Electronics Marketing. “Expanding our portfolio with SiTime’s pioneering MEMS-based solutions extends our ability to support customers in the development of industry-leading IoT devices and systems.”

“SiTime and Avnet are well aligned to drive and fulfill the rapidly increasing demand for SiTime’s timing products. Avnet offers extensive market coverage, world class supply chain services and excellent design-in capabilities that will accelerate the adoption of MEMS timing,” said Mark Lunsford, executive vice president of sales, SiTime. “We believe SiTime’s leading timing solutions offer tremendous benefits to Avnet’s expansive base of customers.”

For more information on SiTime products available through Avnet, please click here.

About SiTime

SiTime Corporation, a MEMS analog semiconductor company 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 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 400 million devices shipped, SiTime is driving the electronics industry to use 100% silicon-based timing. www.sitime.com.

About Avnet, Inc.

From components to cloud and design to disposal, Avnet, Inc. (NYSE:AVT) accelerates the success of customers who build, sell and use technology globally by providing them with a comprehensive portfolio of innovative products, services and solutions. Avnet is a Fortune 500 company with revenues of $27.9 billion for the fiscal year 2015. For more information, visit www.avnet.com.



Contact:

Avnet Electronics Marketing
Sean Fanning
Senior VP, Marketing and Communications
480-643-7824
Email Contact




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