SAN DIEGO, March 12, 2024--Altium, LLC (ASX: ALU), a global leader in electronics design systems, will share its latest innovations at Embedded World 2024.
(Bloomberg) -- Semiconductor maker Renesas Electronics Corp. agreed to buy software firm Altium Ltd. for A$9.1 billion ($5.9 billion), the biggest acquisition yet of an Australian-listed company by a Japanese buyer.Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal US Tells Allies Russia May Launch Anti-Satellite Nuclear Weapon Into Space This YearStocks
Japan's Renesas Electronics on Thursday said it would buy electronics design firm Altium for $5.9 billion in cash, as the acquisitive automotive chipmaker looks to offer digital device design to customers. The acquisition places Renesas at the forefront of dealmaking and investment in Japan's chips industry, with the government making efforts to improve competitiveness and boost supply chain resilience against geopolitical shocks. Renesas, which manufactures chips for automakers such as Toyota and Nissan, aims to provide device design through the purchase of Altium, which offers digital tools for engineers and designers devising circuit boards.