Japan chipmaker Renesas to buy US software firm Altium | -JAPAN News
Summary
Japanese semiconductor maker Renesas Electronics says it will buy US-based software firm Altium for nearly 6 billion dollars. Renesas makes semiconductor products with embedded processors for use in cars and industrial equipment. Altium operates a cloud-based design platform for printed-circuit boards used in semiconductor products. Renesas says that by joining forces, the two market leaders can build an integrated platform that will speed up development. CEO Shibata Hidetoshi said at an online press conference, "Consumer preferences continue to change.
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General Data Management
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CAD Software
EDA Software
SaaS
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Altium Pty. Ltd.
$250M to $500M