Infosys to take over semiconductor design company InSemi for Rs 280 crore
By MYBRANDBOOK
Infosys has announced that it will acquire semiconductor design and embedded services provider InSemi for Rs 280 crore.
"This strategic investment further strengthens Infosys’ engineering R&D capabilities and demonstrates its continued commitment to co-create with global clients to help them navigate their digital transformation journey," the IT services company said in a release as it shared its December quarter numbers.
Semiconductors are important for electronic gadgets and it is in the spotlight as companies race to build the most powerful chips to make the most of the artificial intelligence (AI) boom.
The acquisition will help Infosys to accelerate its chip-to-cloud strategy by bringing niche design skills at scale and would also pair seamlessly with its existing investments in AI/automation platforms and industry partnerships.
InSemi was founded in 2013 and it offers end-to-end semiconductor design services with expertise across electronic design, platform design, automation, embedded and software technologies.
“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 a unique differentiator. 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.
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