Japanese chipmaker Renesas Electronics is set to acquire printed circuit board (PCB) design software company Altium Limited for USD 5.9 billion, aiming to streamline the electronics design process and gain valuable customer insights.

The acquisition is expected to be completed in the second half of 2024, subject to approval by Altium shareholders, Australian court approval, regulatory approvals and satisfaction of other customary closing conditions.

Find Global Semiconductor Projects and TendersGet Started Now!

Renesas manufactures semiconductors for Toyota and Nissan. Through the acquisition of Altium, Renesas aims to create a more efficient and user-friendly electronics design platform, streamlining the entire process from concept to chip integration. This combined offering could potentially lower development costs and accelerate innovation within the industry.

The deal, expected to close in the latter half of 2024, involves Renesas paying USD 68.50 per share for Altium, representing a 34% premium over its pre-announcement closing price. Renesas plans to finance the acquisition through a combination of new loans and existing cash reserves.

The acquisition enables two industry leaders to join forces and establish an integrated and open “electronics system design and lifecycle management platform” that allows for collaboration across component, subsystem, and system-level design. The transaction strongly aligns with Renesas’ digitalization strategy and represents the company’s first significant step in bringing enhanced user experience and innovation to the system level for electronics system designers.

About Renesas

Renesas Electronics Corporation is a major player in the global semiconductor industry, specializing in embedded design solutions. Headquartered in Japan, Renesas delivers essential building blocks for countless connected devices that touch our daily lives.

Renesas caters to a broad range of industries, including automotive, industrial, home electronics, office automation, and information communication technology.

Renesas already operates several fabrication facilities globally, including in Japan, Malaysia, and Europe. They might invest in expanding these facilities to increase production capacity, especially for automotive and industrial chips facing supply shortages. To learn more about their upcoming projects, explore our global semiconductor database.

About Altium

Altium Limited, headquartered in Australia with offices worldwide, was a leading developer of printed circuit board (PCB) design software before its acquisition by Renesas. Their software, particularly Altium Designer, is widely recognized as the industry standard and is used by millions of engineers globally.

Find upcoming and ongoing semiconductor fabrication plant projects around the world with ease.

Are you looking for a platform that gives you reliable, high-quality, and timely project insights for semiconductor manufacturing projects across the world?

Discover the Global Project Tracking (GPT) platform by Blackridge Research, designed to provide you with the most recent Global Semiconductor Fabrication Plant Projects and Tenders better and faster across various stages of development:

• Upcoming projects
• Tender Notices
• Contract award announcements
• Projects in progress or under construction
• Successfully completed projects.

The user-friendly interface helps you obtain early-stage awareness of projects and find the right business opportunity quickly.

Each project will have all the essential details, such as scope, capacity, CapEx, status, project description, companies involved, funding information, location, periodic updates, important event dates like construction start dates, commissioning dates, and key contact information of project owners and stakeholders.

The database is a vital resource for a wide range of entities, including semiconductor manufacturers, EPC companies, silicon material suppliers, data analytics and software providers, consulting and advisory firms, investors, multilateral banks and financial institutions, and law firms.