Infosys said the acquisition is aimed at strengthening its engineering R&D capabilities and co-creating with global clients to help them navigate the digital transformation journey.
Semiconductors are at the heart of the technology that is driving exponential growth of Artificial Intelligence (AI), 5G, Hyperconnectivity, High Performance Computing, Quantum Technology, Virtual Reality, IoT and Smart Devices.
The company said the collaboration will help accelerate Infosys’ Chip-to-Cloud strategy, by bringing niche design skills at scale and will also pair seamlessly with existing investments in AI/Automation platforms and industry partnerships. The collaboration will aim to orchestrate comprehensive end-to-end product development for clients, the release notes.
What does InSemi do?
Founded in 2013, InSemi offers end-to-end semiconductor design services with expertise across electronic design, platform design, automation, and embedded and software technologies.
The company serves leading global corporations across semi-conductor, consumer electronics, automotive, and hi-tech industries.
Why is Infosys acquiring InSemi?
InSemi is growing expeditiously, and a team of over 900+ design specialists brings in the competitive advantage, agile mindset, and an innovative approach to build technology-led solutions that transform businesses.
Dinesh R, EVP & Co-Delivery Head, Infosys, said, “Infosys has been a leader and at the forefront of delivering cutting edge solutions across industries with Engineering R&D services. 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 differentiator. InSemi is a strategic investment as we usher a next wave of growth and a leadership position in Engineering R&D.”
"Over the last five years, InSemi has built a foundation with solid growth and design capabilities across the semiconductor value chain. With Infosys as our catalyst, it creates a synergistic combination that allows us to scale and bring the power of AI and 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 during the fourth quarter of fiscal 2024, subject to customary closing conditions.
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