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Renesas Electronics

All articles tagged with #renesas electronics

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

"Wolfspeed Secures $2B Deposit with 10-Year Chip Contract, Shares Surge 15%"

Originally Published 2 years ago — by WRAL TechWire

Semiconductor company Wolfspeed has secured a 10-year contract with Renesas Electronics, receiving a $2 billion cash infusion. The deal involves the production of chips using silicon carbide technology at a semiconductor plant in Chatham County. Wolfspeed's shares soared 15% following the announcement. Renesas will use the chips in various industries, including automotive and industrial sectors. The agreement strengthens Wolfspeed's position in the growing silicon carbide market.

business business business contract renesas-electronics semiconductor silicon-carbide wolfspeed