-- Acquisition expands Siemens' electronic design automation (EDA) portfolio
with AI-powered, shift-left chip planning capabilities to support faster
design exploration for advanced system-on-a-chip (SoC) architectures
-- Precision Innovations' technology helps semiconductor teams to evaluate
architectural and design tradeoffs early in the SoC design cycle, leading
to better power, performance and area, and faster time to silicon
PLANO, Texas, July 20, 2026 /PRNewswire/ -- Siemens today announced that
it has signed an agreement to acquire Precision Innovations Inc., a
privately held electronic design automation software company, expanding
Siemens' EDA portfolio with AI-powered chip planning capabilities that
help semiconductor teams optimize power, performance and area earlier in
the system-on-chip design process.
Precision Innovations develops EDA software built on the open-source
OpenROAD framework to help semiconductor teams evaluate design
feasibility, reduce design iterations and accelerate time to market as
system-on-a-chip complexity continues to grow. The acquisition will
strengthen Siemens' EDA portfolio with AI-driven chip planning and
design exploration capabilities, complementing Siemens' existing digital
design and verification solutions by enabling faster feasibility
analysis and more informed downstream decisions.
Precision Innovations is intended to join Siemens as a key addition to
its industry-leading Digital Design Creation software, complementing
existing digital design and implementation capabilities to deliver a
comprehensive, end-to-end digital flow that spans architecture,
implementation and the full silicon lifecycle management of SoCs.
"With Precision Innovations joining Siemens, we will expand our ability
to support customers as they face rapidly increasing SoC complexity and
the need to explore new architectures faster and more efficiently," said
Ankur Gupta, executive vice president, IC Portfolio, Siemens EDA,
Siemens Digital Industries Software. "Integrating Precision Innovations'
AI-powered early design exploration into our EDA portfolio can
significantly accelerate time to silicon and improves power, performance
and area."
Precision Innovations' solutions are used by leading semiconductor and
technology companies and significantly enhance Siemens' existing EDA
offerings across digital design and verification workflows. By combining
Precision Innovations' technologies with Siemens' broader EDA portfolio,
Siemens will be able to help customers address growing design complexity,
shorten development cycles and improve engineering productivity.
"Becoming part of Siemens allows us to scale our technology and bring
AI-driven chip planning to a much broader set of semiconductor teams,"
said Tom Spyrou, chief executive officer, Precision Innovations.
"Together, we can help designers leverage AI to evaluate thousands of
design options earlier in the process and focus innovation where it
matters most."
Precision Innovations was founded in San Diego, California in 2019 with
the mission to democratize the hardware design landscape by addressing
barriers related to cost, expertise and uncertainty that have
historically limited access to advanced semiconductor technologies.
Closing of the transaction is subject to customary conditions and is
expected within the third quarter of calendar year 2026. Terms of the
transaction were not disclosed. To learn more about how Siemens is
committed to leveraging AI technologies to solve critical challenges in
semiconductor manufacturing, visit
https://www.siemens.com/en-us/company/electronic-design-automation/
Siemens Digital Industries Software helps organizations of all sizes
digitally transform using software, hardware and services from the
Siemens Xcelerator business platform. Siemens' software and the
comprehensive digital twin enable companies to optimize their design,
engineering and manufacturing processes to turn today's ideas into the
sustainable products of the future. From chips to entire systems, from
product to process, across all industries. Siemens Digital Industries
Software -- Accelerating transformation.
Siemens Digital Industries (DI) empowers companies of all sizes within
the process and discrete manufacturing industries to accelerate their
digital and sustainability transformation across the entire value chain.
Siemens' cutting-edge automation and software portfolio revolutionizes
the design, realization and optimization of products and production. And
with Siemens Xcelerator -- the open digital business platform -- this
process is made even easier, faster, and scalable. Together with our
partners and ecosystem, Siemens Digital Industries enables customers to
become a sustainable Digital Enterprise. Siemens Digital Industries has
a workforce of around 70,000 people worldwide.
Siemens AG (Berlin and Munich) is a leading technology company focused
on industry, infrastructure, mobility, and healthcare. The company's
purpose is to create technology to transform the everyday, for everyone.
By combining the real and the digital worlds, Siemens empowers customers
to accelerate their digital and sustainability transformations, making
factories more efficient, cities more livable, and transportation more
sustainable. A leader in industrial AI, Siemens leverages its deep
domain know-how to apply AI -- including generative AI -- to real-world
applications, making AI accessible and impactful for customers across
diverse industries. Siemens also owns a majority stake in the publicly
listed company Siemens Healthineers, a leading global medical technology
provider pioneering breakthroughs in healthcare. For everyone.
Everywhere. Sustainably.
In fiscal 2025, which ended on September 30, 2025, the Siemens Group
generated revenue of EUR78.9 billion and net income of EUR10.4 billion.
As of September 30, 2025, the company employed around 318,000 people
worldwide on the basis of continuing operations. Further information is
available on the Internet at www.siemens.com.
Note: A list of relevant Siemens trademarks can be found here. Other
trademarks belong to their respective owners.
This document contains statements related to our future business and
financial performance and future events or developments involving
Siemens that may constitute forward-looking statements. These statements
may be identified by words such as "expects," "looks forward to,"
"anticipates," "intends," "plans," "believes," "seeks," "estimates,"
....
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SOURCE Siemens Industry Software
(END) Dow Jones Newswires
July 20, 2026 11:13 ET
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