- Motley Fool
1 Chip Manufacturing Stock Making a Big Bet on AI
One of Japan's largest tech manufacturers is making a splash in the software industry.
- Reuters
UPDATE 5-Japan chipmaker Renesas to buy software firm Altium for $5.9 bln
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.
- Reuters
Japan chipmaker Renesas to buy software firm Altium for $5.9 billion
TOKYO (Reuters) -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.
