Japanese chipmaker Renesas has entered into an agreement to acquire Altium Limited for about $9.1 billion. The deal will enable an integrated and open electronics system design and lifecycle management platform.
Additionally, the deal is part of Renesas’ digitalization strategy and is a step toward bringing enhanced innovation at the system level for design engineers.
The aim is to create a cloud platform for embedded solutions that combines high-performance processors, analog, power and connectivity. It will allow for integration with third-party vendors across the ecosystem to execute all electronic design steps from the cloud.
Other benefits from the platform include:
- Delivery of integration and standardization of various design data
- Enhancement of lifecycle management
- Significantly faster innovation
- Lower barriers to entry for system designers
- Reduced development resources and inefficiencies
“[The] addition of Altium will enable us to deliver an integrated and open development platform, making it easier for businesses of all sizes and industries to build and scale their systems,” said Hidetoshi Shibata, CEO of Renesas.
