Renesas Electronics, a Japanese semiconductor manufacturer, agreed to acquire Altium, an Australian-listed software maker, for $5.7bn. “Development processes continue to evolve and accelerate. With our Purpose “To Make Our Lives Easier” in mind, our vision is to make electronics design accessible to the broader market to allow more innovation through a cloud-based platform. 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. We look forward to working with Altium’s talented team as we continue to invest and drive our combined platform to the next level of value for our customers," Hidetoshi Shibata, Renesas CEO.