They further reported that the fire was brought under control after about ten hours of effort by firefighters, and that the cause is under investigation. A number of cell phone videos have popped up on YouTube and elsewhere that purport to show the dramatic events unfolding at a plant in Xinjiang province, with one trade publication for the photovoltaic industry reporting that it happened at the Hoshine Silicon “997 siloxane” packing facility. There were reports this week of a massive explosion and fire at a Chinese polysilicon plant - sort of. Altium’s rejection doesn’t close the door on ha deal with Autodesk, or any other comers who present a better offer, which means that whatever happens, changes are likely in the EDA world soon.

Altium Ltd., the Australian company whose flagship Altium Designer suite is used by PCB and electronic designers around the world, said that the Autodesk offer “significantly undervalues” Altium, despite the fact that it represents a 42% premium of the company’s share price at the end of last week. But in the world of corporate acquisitions and mergers, that’s not always the case, as Altium proved this week when they rebuffed a A$38.50 per share offer from Autodesk. When someone offers to write you a check for $5 billion for your company, it seems like a good idea to take it.

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