Renesas Electronics announced that it will establish an intermediate holding company in mid-October to oversee its software-related businesses. The new company, Re-Alt Software Holdings, will be headquartered in the US and wholly owned by Renesas.
Renesas Electronics will establish an intermediate holding company in mid-October to manage its software-related businesses. The company will be named Re-Alt Software Holdings and headquartered in the US. Renesas will own 100% of the company and plans to consolidate under it the shares of software-related companies, including Altium, the US design-tool company it acquired for approximately ¥900 billion in August 2024.
The establishment is in line with the company’s policy of positioning software as a strategic business and is intended to improve operational efficiency. The article reports on the organisational restructuring and asset integration aimed at strengthening the software business.
Renesas has also been expanding its software business, including the launch of Renesas 365, a tool that enables electronic-device design and verification in the cloud. In June, it announced the acquisition of Picotrax, a US startup specialising in semiconductor design software, accelerating its efforts to strengthen the software field.