Japanese Chipmaker Renesas Electronics to Acquire Altium for $5.9 Billion

Japanese chipmaker Renesas Electronics plans to acquire Sydney-listed software company Altium for $5.9 billion, streamlining its electronics design process. The $9.1 billion Australian dollar deal represents a 33.6% premium to Altium’s closing price, causing Australia-listed shares of Altium to surge nearly 30%. Industry experts highlight Japan Inc’s determination to regain global leadership in the chip-making ecosystem, with the deal positioning Renesas for a stronger foothold in the global chip-making landscape.