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The Shaughnessy Report: Silicon to Systems—The Walls Are Coming DownRenesas Announces Subsidiary Changes Following Altium Acquisition
August 26, 2024 | RenesasEstimated reading time: Less than a minute
As announced in the press release “Renesas Completes Acquisition of Altium” issued on August 1, 2024, Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, completed the acquisition of Altium Limited, a global leader in electronics design systems.
In order to execute this acquisition, Renesas established Renesas Electronics Australia Pty Ltd and Renesas Electronics NSW Pty Ltd as subsidiaries of Renesas and conducted capital increases for both companies.
After a careful internal review, it was determined that the post-increase capital of both subsidiaries exceeded 10% of Renesas’ capital, classifying them as specified subsidiaries. It was also identified that the required disclosure related to this matter was omitted at the time of the decision-making. Therefore, Renesas hereby reports the capital increase and the changes in specified subsidiaries as oulined here.
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