Infosys Set to Acquire InSemi, Boosting Semiconductor Design Skills

The Indian tech giant Infosys has confirmed its intention to acquire InSemi, a well-regarded provider of semiconductor design and embedded services, through a definitive agreement. semiconductor This acquisition underscores Infosys's strategy to integrate InSemi into its operations with a substantial investment totaling $2.8 billion (INR 280 crore), as outlined by its Board of Directors. Infosys Dinesh R, EVP and co-head of delivery at Infosys, commented, 'Infosys has long been at the forefront of innovation, delivering cutting-edge solutions across various industries with our Engineering R&D services. The rise of technologies such as AI, smart devices, 5G, and the electric vehicle market is fueling a growing need for advanced semiconductor design services aligned with our embedded systems, which is a unique advantage for us.'

He further remarked, 'InSemi represents a critical investment that will propel our growth and solidify our leadership in Engineering R&D.'

This strategic move is expected to enhance Infosys's capabilities in Engineering R&D and foster collaboration with global clients to help them navigate their digital transformation journeys. According to their regulatory filing, the closing of the InSemi acquisition is anticipated to occur in the fourth quarter of fiscal 2024, subject to standard closing conditions.

Additionally, this partnership aims to enhance Infosys's Chip-to-Cloud strategy by leveraging specialized design expertise on a broader scale. It will seamlessly complement Infosys's ongoing investments in AI and automation platforms as well as its industry alliances.

The primary aim of this collaboration is to optimize and oversee the entire product development lifecycle for clients, ensuring a holistic, end-to-end approach.

InSemi to Boost Semiconductor Design Expertise

Founded in 2013, InSemi offers comprehensive semiconductor design services, spanning electronic and platform design, embedded systems, and software technologies.

With a dedicated team of over 900 design experts, InSemi caters to major global companies in sectors like semiconductors, consumer electronics, automotive, and hi-tech industries. This acquisition is poised to enhance Infosys's Engineering R&D capabilities, reinforcing its position as a leader in this sector. automation 'In the past five years, InSemi has cultivated a robust foundation with impressive growth and design expertise across the semiconductor value chain. With Infosys's support, we can create a powerful partnership that enables us to scale and harness the advantages of AI, engineering research, and next-gen technologies for our global clientele, expanding our reach across various industries,' stated InSemi co-founders Shreekanth Sampigethaya and Arup Dash. 'We are excited to accelerate our journey forward with Infosys, unlocking new avenues of innovation for our teams.'

It's essential to recognize that semiconductors are the core components of technologies driving rapid advancements in 5G, hyperconnectivity, high-performance computing, quantum innovations, virtual reality, IoT, and smart devices.

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