MegaChips Corporation (Tokyo Stock Exchange: 6875) was founded in 1990, is Japan's first focus on the application specific integrated circuit (ASIC) and system on chip (SOC) innovative Fabless IC company and has a large scale, large scale integrated circuit and system / application of comprehensive knowledge. The company's focus is on developing cutting-edge systems and architectures that integrate the original algorithms and architectures into the areas of imaging, audio, and telecommunications, and use their progress to deliver excellent products and solutions that meet customer needs. MegaChips completed its acquisition of SiTime in November 21, 2014. SiTime will retain its name and be a wholly owned subsidiary of MegaChips. MegaChips will provide solutions for a growing number of wearable, mobile and IOT markets.