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Renesas 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.
Suggested Items
Renesas Completes Acquisition of Altium
08/01/2024 | RenesasRenesas Electronics Corporation, a supplier of advanced semiconductor solutions, and Altium Limited, a global leader in electronics design systems, announced the successful completion of the acquisition of Altium by Renesas. The definitive agreement to acquire Altium was announced on February 15, 2024.
Renesas Introduces Power Management with Voltage Monitoring Solution for Space-Grade AMD Versal AI Edge Adaptive SoC
07/18/2024 | BUSINESS WIRERenesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced a complete space-ready reference design for the AMD Versal™ AI Edge XQRVE2302 Adaptive SOC.
Renesas UPDATE: Regarding Acquisition of Stock of Altium Limited
06/28/2024 | RenesasAs announced in the press release “Regarding Acquisition of Stock of Altium Limited” issued on February 15, 2024, Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, entered into a Scheme Implementation Agreement for Renesas to acquire Altium Limited.
Renesas Completes Acquisition of Transphorm
06/21/2024 | BUSINESS WIRERenesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced that it has completed the acquisition of Transphorm, Inc., a global leader in gallium nitride (GaN) power semiconductors, as of June 20, 2024.
Renesas, Indian Institute of Technology Hyderabad Sign Agreement to Accelerate India’s Semiconductor Independence
06/11/2024 | RenesasRenesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and the Indian Institute of Technology Hyderabad (IITH) have signed a three-year memorandum of understanding (MOU) for research and collaboration in the field of VLSI and embedded semiconductor systems.