Although the US is officially divided into 9 time zones, the quantity of the time zone IDs is much bigger. Pacific/Saipan is one of them. This identifier shows what time is it in exact location now. In this case it is about the time in the US territory.
Pacific/Saipan time now
You can see the current time and date of Pacific/Saipan time zone here:
Current time in Saipan, MP?
Since the time in Saipan is taken as the basis for the identifier Pacific/Saipan, the current time in this area is the same:
Standard time of Pacific/Saipan
STD of Pacific/Saipan is UTC +10:00 (CHST)
Standard time is the local time in Pacific/Saipan time zone when DST (Daylight Saving Time) is not in use.
Daylight Saving Time of Pacific/Saipan
DST of Pacific/Saipan is UTC +10:00 (CHDT)
It means that Daylight Saving Time is not observed in this location.
Daylight Saving Time is not used in any US territories, but it is actively observed in most states, as well as outside the USA.
Read more about “Abbreviations for Time Zones, names and locations” which are used for identification of Coordinated Universal Time, like EDT, CEST EST, AKDT and others.
Pacific/Saipan time zone
Pacific/Saipan is the ID which refers to Chamorro Time Zone. Its borders and the states which included to this time zone can be seen on the map of US time zones.