In the constantly shifting market conditions, Japanese semiconductor manufacturer Renesas displays remarkable flexibility in its business strategy. Not only does the company balance its own chip manufacturing with the use of contractors, but it also plans to acquire its own software developer for printed circuit board design by the end of this year.
According to Data Centre Dynamics, citing official statements from the deal’s participants, Renesas expects to become the owner of Australian company Altium’s assets in the second half of this year. Established in 1985, Altium is a leading developer of computer-aided design software. The deal is valued at $5.9 billion, making it the fourth major transaction involving Renesas Electronics in several years. The Japanese chip maker is a key microelectronic component supplier for auto manufacturers like Toyota and Nissan.
In 2016, Renesas acquired chip manufacturer Intersil for $3.2 billion, agreed to purchase IDT for $6.7 billion in 2018, and decided to spend $5.9 billion in 2021 on the assets of Dialog Semiconductor. Just last month, Renesas revealed its intention to buy American power electronics manufacturer Transform Technology for $339 million. By securing in-house software developer for printed circuit board design, Renesas can enhance its vertical business integration, offer new services to customers, and ensure client support throughout the product lifecycle.
The establishment of Renesas Electronics dates back to the beginning of the last decade when NEC’s semiconductor business was combined with Renesas Technology, created on the basis of profile assets of Hitachi and Mitsubishi Electric. This history of mergers and acquisitions is a fundamental part of this business’s development.
