SiTime Board Announces New Member Ganesh Moorthy; Tom Yiu Steps Down

Details

The resignation was not due to any disagreements. Ganesh Moorthy, with extensive experience in the semiconductor industry, was appointed as a Class I director for a term expiring at the 2026 Annual Meeting of Stockholders. His compensation is detailed under the Company's Independent Director Compensation Policy. The announcement was made via press release on October 17, 2025, and the press release is furnished as Exhibit 99.1.

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About SiTime Corporation

SiTime Corporation, a technology enterprise, is renowned for its pioneering work in the design and manufacture of silicon-based timing devices. These devices are crucial in electronic systems, where they function by providing stable and precise clock signals necessary for synchronous operation. Through its innovative MEMS (Micro-Electro-Mechanical Systems) technology, SiTime delivers timing solutions that offer significant advantages over traditional quartz-based products, including higher reliability, smaller size, and greater robustness against environmental challenges such as temperature and shock. The company's products are integral to a broad spectrum of applications across various sectors, including consumer electronics, automotive, industrial equipment, and communications. SiTime's solutions enable the seamless performance of devices from smartphones to advanced automotive systems. This positioning underscores its significant role in enhancing the functionality and reliability of modern electronic systems. By spearheading the transition from quartz to silicon-based timing technologies, SiTime is pivotal in driving advancements in timing reliability and performance within the global electronics industry.