Sitime Corporation (NASDAQ: SITM) has announced the appointment of Ganesh Moorthy to its board of directors, succeeding Tom Yiu. Yiu's leadership in the global semiconductor industry has been instrumental in Sitime's growth from a $280 million market cap at its IPO in 2019 to over $7 billion today. As Moorthy steps into this role, his experience in scaling an organization to multi-billion-dollar revenue is anticipated to be a significant asset as the company enters its next phase of growth.
Ganesh Moorthy retired as the CEO, president, and board member of Microchip Technology Inc. at the end of November 2024. His tenure at Microchip saw him hold several senior executive positions, including COO and executive vice president of various business units. Prior to joining Microchip, Moorthy spent 19 years at Intel, where he held successive engineering and executive leadership roles.
Moorthy's appointment to Sitime's board comes at a pivotal moment of growth and expansion for the company. He brings to the table a wealth of experience in the semiconductor industry, having played a key role in scaling organizations and driving revenue growth.
In addition to his new role at Sitime, Moorthy currently serves as the chair of the board of directors for Ralliant, a global test and measurement, safety, and sensor systems company. He also holds positions on the board of directors of Celanese, a global chemical and specialty materials company, and Ayar Labs, a private venture-funded company that leads in optical interconnect solutions for large-scale AI workloads.
Sitime Corporation, known as the precision timing company, focuses on delivering semiconductor MEMS programmable solutions that enable customers to differentiate their products with higher performance, smaller size, lower power, and better reliability. With over 3.5 billion devices shipped, Sitime continues to make waves in the timing industry. The market has reacted to these announcements by moving the company's shares -5.49% to a price of $272.67. For the full picture, make sure to review SITIME Corp's 8-K report.
