As announced in a previous press release, Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, reached an agreement with Altium Limited, a global leader in electronics design systems, in which Renesas will acquire all outstanding shares of Altium, making Altium a wholly-owned subsidiary of Renesas, subject to the satisfaction of certain conditions.
To provide a portion of the funds for the Acquisition, Renesas entered into a loan agreement with a borrowing limit of 1 trillion yen.
While the influence of the transaction on Renesas business performance has not yet been determined at present, Renesas will make an announcement in a timely manner once any material impact is made to its business performance.