Renesas Acquires Altium for $5.9 Billion to Enhance Chip Design Capabilities

The deal aims to streamline electronics design processes and expand Renesas' presence in the global chip-making ecosystem.

Japanese chipmaker Renesas Electronics has agreed to acquire software company Altium for $5.9 billion in cash, aiming to streamline its electronics design process.
The acquisition price represents a 33.6% premium to Altium's closing price, reflecting the strategic importance of the deal.
Altium's expertise in designing chip circuit boards is expected to complement Renesas' semiconductor business, enhancing its design capabilities.
The deal has been unanimously approved by both companies' boards and is subject to approval from Altium shareholders, Australian court, and regulators.
Experts predict that by 2028-2030, Japan could own and operate as much as one-third of the global chip-making ecosystem, with this acquisition marking a significant step towards that goal.