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Electronics Design

All articles tagged with #electronics design

Renesas' $5.9 Billion Acquisition of Altium Expands Electronics Design Accessibility

Originally Published 1 year ago — by Reuters

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.

business business acquisition altium business chipmaker electronics-design renesas-electronics

Renesas' $5.9 Billion Acquisition of Altium to Expand Electronics Design Accessibility

Originally Published 1 year ago — by Renesas

Renesas Electronics Corporation has entered into an agreement to acquire Altium Limited, a global leader in electronics design systems, for approximately A$9.1 billion. The acquisition aims to create an integrated and open electronics system design and lifecycle management platform, combining Altium's design software and cloud platform capabilities with Renesas' embedded solutions. This move aligns with Renesas' digitalization strategy and is expected to accelerate innovation and make electronics design more accessible to a broader market. The transaction is expected to close in the second half of 2024, subject to regulatory approvals and other customary closing conditions.

business technology acquisition altium cloud-platform electronics-design renesas technology