Indian IT giant Infosys announced its definitive agreement to acquire InSemi for ₹280 crore, a prominent semiconductor design and embedded services provider. The company said it aims to accelerate its Chip-to-Cloud strategy through this collaboration, leveraging InSemi’s niche design skills at scale.
The company in its statement said this move aligns seamlessly with Infosys’ existing investments in AI/Automation platforms and industry partnerships, facilitating comprehensive end-to-end product development for clients.
“With the advent of AI, Smart devices, 5G and beyond, electric vehicles, the demand for next-generation semiconductor design services integrated with our embedded systems creates unique differentiators. InSemi is a strategic investment as we usher a next wave of growth and a leadership position in Engineering R&D.” said Dinesh R, EVP & Co-Delivery Head, Infosys.
Founded in 2013, InSemi provides end-to-end semiconductor design services, covering electronic design, platform design, automation, embedded, and software technologies. With a team of over 900+ design specialists, InSemi serves leading global corporations across semiconductor, consumer electronics, automotive, and hi-tech industries. The acquisition is set to strengthen Infosys’ Engineering R&D capabilities and position the company as a leader in this domain.
“With Infosys as our catalyst, it creates a synergistic combination that allows us to scale and bring the power of AI & Engineering R&D and next-generation technology to global clients, expanding across industry sectors. We aim to further accelerate our progress and together with Infosys, it paves a path of innovation opening new opportunities for our teams”, said Shreekanth Sampigethaya & Arup Dash, Co-Founders, InSemi.
The acquisition is expected to close in the fourth quarter of fiscal 2024, subject to customary closing conditions.
