---
title: "UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291392805.md"
description: "Renesas Electronics Corporation announced the completion of its timing business transfer to SiTime Corporation, effective July 1, 2026. Renesas expects to record a preliminary gain of approximately 443.3 billion yen in its consolidated financial statements for the nine months ending September 30, 2026. The company will continue to explore partnerships with SiTime and has confirmed no changes to its previous profit forecasts."
datetime: "2026-07-01T09:04:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291392805.md)
  - [en](https://longbridge.com/en/news/291392805.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291392805.md)
generator: "portal-rs"
---

# UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary

Japan-based Renesas has finalized the transfer of its timing business to SiTime, anticipating a gain of ¥443 billion from the process. The move is projected to have no effect on Renesas' existing forecast.

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## Related News & Research

- [BUZZ-Benchmark initiates SiTime at 'buy,' calling it a timing market disruptor; shares rise](https://longbridge.com/en/news/296502073.md)
- [SiTime (NASDAQ:SITM) Director Sells 1,000 Shares of Stock](https://longbridge.com/en/news/296482120.md)
- [SiTime director Torsten Kreindl sells USD 503,790 of common shares](https://longbridge.com/en/news/296264396.md)
- [B. Metzler seel. Sohn & Co. AG Invests $4.98 Million in SiTime Corporation $SITM](https://longbridge.com/en/news/296675056.md)
- [Renesas Electronics Secures Board Seat at SiTime with 11.9% Stake](https://longbridge.com/en/news/292239716.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**