Appleās Use of SiTime (SITM) in iPhone 16e Fuels Stock Rally for Chipmaker
The appearance of SiTime Corp. components in the new iPhone 16e is fueling a stock rally for the little-known chipmaker, sending the shares up 20% on Wednesday.A device teardown of the smartphone by TechInsights revealed the existence of timer chips from SiTime, a maker of clock components that had about $200 million in revenue last year....
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