August 2, 2012 — Vectron International and Knowles Electronics entered into a strategic partnership with SiTime Corporation, aiming to grow micro electro mechanical system (MEMS) timing components in the frequency control products market.
Vectron and Knowles will make a cash investment in the partnership. The companies value frequency control products as a $4 billion market. Vectron International and Knowles will sell MEMS timing products through their own direct sales channels, as well as support SiTime with future product developments. Other terms of the agreement were not disclosed.
Knowles is known for MEMS microphones, and will look to bring this expertise to the SiTime family of MEMS timing products, said Knowles CEO Jeff Niew.
Vectron International, a timing device maker, has been tracking MEMS developments for several years, added Rick Hajec, president of Vectron International, saying that SiTime’s MEMS timing products could “enable new market growth.”
Vectron International makes frequency control, sensor, and hybrid product solutions. For more information, please visit www.vectron.com.
Knowles Electronics provides advanced micro-acoustic and human interface solutions, including hearing aid components, MEMS microphones as well as dynamic speakers and receivers. Website: www.knowles.com.
SiTime Corporation, an analog semiconductor company, offers MEMS-based silicon timing solutions that replace legacy quartz products. Learn more at http://www.sitime.com.