SiTime has been included for the second time in the Deloitte Technology Fast 500™, a prestigious ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. With a growth rate of 237% from 2019 to 2022, SiTime is the leader in precision timing—a category the company pioneered—delivering unique benefits to applications in communications, datacenters, automotive, aerospace, and defense.
Technology Fast 500 awardees are selected based on percentage fiscal year revenue growth from 2019 to 2022. The Deloitte Technology Fast 500 winners represent 41 states and provinces across North America. California's Bay Area continued to lead the regional pack with 18% of the Technology Fast 500 winners.
Since its inception and IPO in 2019, SiTime has been committed to advancing the precision timing market and accelerating its growth trajectory. Leveraging its groundbreaking silicon MEMS technology, SiTime has developed a broad portfolio of precision timing solutions to serve the needs of demanding applications like 5G communications, autonomous driving, and artificial intelligence (AI). The company has shipped more than three billion precision timing devices to more than 15,000 customers across 300 applications.
As the world embraces next-generation technologies, precision timing solutions have become critical in ensuring high performance and reliability. Today’s electronics must perform flawlessly even in the harshest environments. Reliable operation of intelligent, connected devices and high-speed networks requires robust and resilient precision timing—the heartbeat of all electronic systems.
With SiTime’s recent acquisition of Aura Semiconductor clock products, SiTime will accelerate its roadmap to provide communications and datacenter customers with highly differentiated timing products. SiTime’s vision is to transform all categories of the $10 billion timing market.
“Each year I look forward to reviewing the progress and innovations of our Technology Fast 500 winners as these companies truly demonstrate how important new ideas are to progressing our society and the world, especially during difficult times,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “While software and services and life sciences continue to dominate the top 10, I’m encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success.”
You can see Deloitte’s full list of 500 winners here.
About the 2023 Deloitte Technology Fast 500
Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies—both public and private—in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022.
To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.