Shares of the chipmaker SiTime closed up 19.53% on Wednesday after an iPhone 16e teardown revealed that its timer chips are used in the smartphone (Bloomberg)

Bloomberg:

Shares of the chipmaker SiTime closed up 19.53% on Wednesday after an iPhone 16e teardown revealed that its timer chips are used in the smartphone  —  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 as much as 17% on Wednesday.