Renesas Electronics acquires chip design software firm Altium for $5.9bn
Summary
Founded in 1985, the Australia-based Altium provides automation software for designing printed circuit boards. Altium is the third multi-billion purchase for Renesas, which manufactures chips for automotive companies such as Toyota and Nissan. In 2016, the company bought chipmaker Intersil for $3.2bn, going on to acquire Integrated Device Technology for $6.7bn in 2018 and then Dialog Semiconductor for $5.9bn in 2021. In January 2024, a month before announcing its acquisition of Altium, Renesas said it had agreed to a deal to buy US power semiconductor company Transphorm Technology for $339 million. "As technology advances, the design and integration of electronic systems is becoming increasingly complex,” Renesas said in a statement.
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industries
Environment
applications
General Data Management
AskAI Classifications
Labels
CAD Software
EDA Software
SaaS
Linked Companies
Altium Pty. Ltd.
$250M to $500M