ALTIUM will relocate its core operations to San Diego, USA -- away from its current base in China.
According to Altium, its PCB CAD division and its core R&D team, as well as its executive and senior management teams will relocate to San Diego. The company says this corporate reorganisation will allow it to "serve the needs of...customers and partners in key growth markets".
The move is the result of Altium's new growth strategy, which focuses on PCB design tools and solutions for the PCB design market.
By moving to the US, Altium hopes its PCB CAD division will be "more accessible" to customers and partners.
Altium, originally based in Australia, moved its HQ to Shanghai in 2011.
The company says it has also re-defined its Internet of Things (IoT) strategy to be in alignment with its core business of the development of PCB design tools.
Altium explained that its initial move to Shanghai was driven by the need to be close to technology partners in an emerging market.
"Most parts of the objectives behind that journey have been achieved," Altium stated in its press release. "China remains an important market for Altium, and is the best location for the company’s IoT division."
The other major division for Altium, its TASKING division responsible for developing tools for embedded software development, will remain unchanged and continue to be located in the Netherlands.