September 11, 2007 — SiTime Corp., designer, manufacturerer, and marketer of MEMS-based silicon resonators, oscillators, and timing solutions, says that its board of directors has appointed Rajesh Vashist as the company’s new CEO.

Mr. Vashist comes to SiTime from Ikanos Communications where he served as CEO and chairman of the board. Vashist grew Ikanos, a provider of high performance silicon and software for interactive broadband, from a small startup to a publicly traded company. SiTime board member Brooke Seawell said, “Rajesh’s proven ability to lead top-performing teams and his track record of growing pre-IPO start ups was a key factor in the board’s decision.”

Vashist succeeds MEMS pioneer and entrepreneur Dr. Kurt Petersen, who managed SiTime through its crucial research and development stage and brought the first product family into full production.