Siemens agrees to buy EDA software maker Precision Innovations
SOXX•Closing expected in 2026
Closing is expected in the third quarter of 2026, subject to customary conditions; financial terms were not disclosed.
Siemens to acquire Precision Innovations
Siemens AG agreed to acquire Precision Innovations, adding AI-driven chip planning tools to its electronic design automation portfolio.
Software targets earlier chip design analysis
Precision Innovations’ software, built on the open-source OpenROAD framework, targets earlier system-on-a-chip feasibility analysis to improve power, performance, area.
Deal to strengthen Digital Design Creation offering
The deal aims to strengthen Siemens’ Digital Design Creation offering with “shift-left” design exploration to shorten development cycles and speed time to silicon.
