While national concerns rise over EV demand as industry leaders say sales growth has slowed battery production is still coming to St. Joseph County.WSBT 22 conf
TOKYO (Reuters) -Japanese chipmaker Renesas Electronics said on Thursday said it had agreed to buy Australian-listed electronics design company Altium for A$9.1 billion ($5.91 billion) in an all-cash deal. Renesas will pay A$68.50 per share, a 34% premium to Altium's closing price on Wednesday, with the purchase to be financed with bank loans and cash on hand. Altium offers tools for designing circuit boards, with the deal intended to help Renesas streamline the process of electronics design for customers.