Infosys to Acquire Semiconductor Design Firm InSemi for Rs 280 Crore

12 Jan 2024 , 01:45 PM

Infosys announced its acquisition of InSemi, a prominent semiconductor design and embedded services provider, for a total consideration of Rs 280 crore, securing a 100 percent stake in the company.

The strategic investment aims to reinforce Infosys’ engineering R&D capabilities and underscores its commitment to collaborating with global clients on their digital transformation journey.

Semiconductors, crucial components in electronic devices, are gaining attention as companies strive to develop powerful chips for the burgeoning field of artificial intelligence (AI).

Infosys emphasizes that the acquisition will expedite its chip-to-cloud strategy, bringing specialized design skills at scale and complementing existing investments in AI/automation platforms and industry partnerships.

Despite a 7.3% YoY decline in net profit to Rs 6,106 crore for Q3, Infosys sees the InSemi acquisition as a catalyst for growth and leadership in Engineering R&D.

InSemi, founded in 2013, provides comprehensive semiconductor design services, catering to global corporations in semiconductor, consumer electronics, automotive, and hi-tech industries.

The move aligns with the increasing demand for next-gen semiconductor design services integrated with embedded systems in the era of AI, smart devices, 5G, electric vehicles, and more, according to Dinesh R, EVP & Co-Delivery Head at Infosys.

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