Renesas' $5.9 Billion Acquisition of Altium Expands Electronics Design Accessibility
Japanese chipmaker Renesas Electronics announces a $5.9 billion all-cash deal to acquire electronics design software firm Altium, its second acquisition in a month. The purchase aims to streamline device design and accelerate the process of electronics design for customers. Altium, headquartered in San Diego and listed in Australia, offers digital tools for designing circuit boards. The deal, which has been approved by both companies' boards of directors, will require approval from Altium shareholders, an Australian court, and regulators.
