A satellite signal adjustable time-division multiplexing receiver for GNSS and a method for acquiring and tracking satellite signal used in the receiver. The present invention executes correlation in an adjustable time-division multiplexing and uses a clock signal with a clock rate to control speed of correlation. The clock rate can be fixed or variable. In the case that the clock rate is variable, when the speed is required to be fast (e.g. in satellite acquisition mode), the clock rate is set to be high clock rate; when the speed needs not be so fast (e.g. in signal tracking mode), the clock rate can be lower down to reduce power consumption. The adjustable time-division multiplexing is arranged for respective domains such as visible satellite, code phase, Doppler frequency and tracking accuracy according to the clock rate.