July 21, 2026. Siemens announced the signing of an agreement to acquire Precision Innovations Inc., a privately held electronic design automation software company. With this acquisition, Siemens is expanding its EDA portfolio to include AI-powered chip design capabilities that help semiconductor teams optimize energy efficiency, performance, and area at an early stage of the system-on-chip design process.
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Precision Innovations develops EDA software based on the open-source OpenROAD framework. This software enables semiconductor teams to assess design feasibility, reduce design iterations, and shorten time-to-market in the face of the increasing complexity of system-on-a-chip designs. The acquisition strengthens Siemens’ EDA portfolio with AI-powered capabilities for chip planning and design exploration. It also complements Siemens’ existing digital design and verification solutions by enabling faster feasibility analyses and more informed decisions in subsequent process steps.
Precision Innovations is becoming part of Siemens and represents a key addition to its industry-leading “Digital Design Creation” software. The company expands existing capabilities for digital design and implementation. This enables a comprehensive, end-to-end digital workflow that covers the architecture, implementation, and entire silicon lifecycle management of SoCs.
“With the acquisition of Precision Innovations, Siemens is expanding its ability to support customers who are facing rapidly increasing SoC complexity and need to explore new architectures more quickly and 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 significantly accelerates time to silicon and improves energy efficiency, performance, and area efficiency.”
Precision Innovations’ solutions are used by leading semiconductor and technology companies. They significantly expand Siemens’ existing EDA offering in the area of digital design and verification workflows. By combining Precision Innovations’ technologies with Siemens’ comprehensive EDA portfolio, Siemens helps customers address increasing design complexity, shorten development cycles, and boost engineering productivity.
“As part of Siemens, we can scale our technology and make AI-powered chip design accessible to a much wider range of semiconductor teams,” said Tom Spyrou, Chief Executive Officer of Precision Innovations. “Together, we’re helping designers leverage AI to evaluate thousands of design options early in the process and focus innovation where it matters most.”
Precision Innovations was founded in 2019 in San Diego, California, with the goal of democratizing the hardware design landscape. The company aims to remove the barriers of cost, expertise, and uncertainty that have historically limited access to advanced semiconductor technologies.
The closing of the transaction is subject to customary conditions and is expected in the third quarter of calendar year 2026. The terms of the transaction were not disclosed. To learn more about how Siemens is leveraging AI technologies to solve critical challenges in semiconductor manufacturing, visit https://www.siemens.com/en-us/company/electronic-design-automation/
DI supports companies of all sizes in the process and discrete manufacturing industries in accelerating their digital and sustainable transformation across the entire value chain. Siemens’ state-of-the-art automation and software portfolio is revolutionizing the design, implementation, and optimization of products and production. And with Siemens Xcelerator—the open digital business platform—this process becomes even simpler, faster, and more scalable. Together with our partners and the ecosystem, Siemens Digital Industries enables customers to become a sustainable digital enterprise. Siemens Digital Industries employs approximately 70,000 people worldwide.
Siemens is a leading technology company focused on the sectors of industry, infrastructure, mobility, and healthcare. The company’s purpose is to develop technologies that transform everyday life for everyone. By connecting the real and digital worlds, Siemens helps its customers accelerate their digital and sustainable transformation and make factories more efficient, cities more livable, and transportation more sustainable. As a leading provider of industrial AI, Siemens leverages its extensive expertise to apply AI—including generative AI—to real-world applications and make AI accessible and effective for customers across various industries. Siemens also holds a majority stake in the publicly traded company Siemens Healthineers, a leading global provider of medical technology that is driving groundbreaking advances in healthcare. For everyone. Everywhere. Sustainably.
In fiscal year 2025, which ended on September 30, 2025, the Siemens Group generated revenue of €78.9 billion and net income of €10.4 billion. As of September 30, 2025, the company employed approximately 318,000 people worldwide based on continuing operations.
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Photo: Siemens
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