Renesas Electronics completed the acquisition of Altium for AUD8.8bn.

Renesas Electronics, a Japanese semiconductor manufacturer, completed the acquisition of Altium, an Australian-listed software maker, for AUD8.8bn. "This is a pivotal moment for Altium and marks the beginning of an exciting future with Renesas. With Renesas’ support and expertise, we are looking forward to accelerating the cloud-enablement of all industry processes associated with electronics design and development. This will make electronics accessible to a broader market and lay the foundation for software defined products,” Aram Mirkazemi, Altium CEO.