# Renesas Electronics acquires Altium Limited for $5.9 billion

Renesas Electronics has agreed to acquire electronics design firm Altium Limited for $5.9 billion in cash. The acquisition aims to provide digital device design to customers.

- Type: Acquisition
- Announced: 2024-05-08
- Where: Japan
- Value: $5.90B
- Status: announced
- Products: semiconductors, electronics design software
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Renesas Electronics Corporation](https://endata.com/companies/19562.md) (acquirer)
- [Altium](https://endata.com/companies/26573.md) (target)
- [Transphorm](https://endata.com/companies/40965.md) (target)

## Sources

- [juniorib.com](https://www.juniorib.com/post/renesas-electronics-acquired-altium-limited-for-5-9-billion), 2024-05-08: "Japan's Renesas Electronics said it would buy electronics design firm Altium for $5.9 billion in cash."
- [chipestimate.com](https://www.chipestimate.com/Renesas-Announces-Execution-of-Facilities-Agreement-for-Altium-Acquisition/Renesas-Electronics-Corporation/news/58531), 2024-05-29: "Renesas today entered into a loan agreement with a borrowing limit of 1 trillion yen."
- [iconnect007.com](https://iconnect007.com/article/140966/renesas-announces-execution-of-facilities-agreement-for-altium-acquisition/140963/design), 2024-05-30: "Renesas will acquire all outstanding shares of Altium, making Altium a wholly-owned subsidiary of Renesas, subject to the satisfaction of certain conditions."
- [markets.chroniclejournal.com](http://markets.chroniclejournal.com/chroniclejournal/article/bizwire-2024-6-20-renesas-completes-acquisition-of-transphorm), 2024-06-20: "Renesas Electronics Corporation today announced that it has completed the acquisition of Transphorm, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.