 SANTA CLARA, Calif., Feb. 16, 2021 GLOBE NEWSWIRE -- SiTime Corporation Nasdaq: SITM, a leader in MEMS timing, announced today it has publicly filed an automatic shelf registration statement on Form S-3 and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission related to a proposed follow-on public offering of 3,000,000 shares of its common stock, consisting of 1,500,000 shares of common stock to be sold by MegaChips Corporation and 1,500,000 shares to be issued and sold by SiTime. In addition, SiTime intends to grant the underwriters a 30-day option to purchase up to 450,000 additional shares of common stock from SiTime. SiTime will not receive any proceeds from the sale of shares of common stock by MegaChips Corporation. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. 