Infosys, a leader in next-generation digital services and consulting, has announced a definitive agreement to acquire InSemi, a prominent semiconductor design and embedded services provider.
The strategic move underscores Infosys’ commitment to fortifying its Engineering Research and Development (R&D) capabilities and collaborative efforts with global clients in navigating their digital transformation journey.
Shreekanth Sampigethaya and Arup Dash are Co-Founders of InSemi. Infosys did not reveal financial details of the deal.
Semiconductors, crucial components in the technology landscape driving the exponential growth of Artificial Intelligence (AI), 5G, Hyperconnectivity, High-Performance Computing, Quantum Technology, Virtual Reality, Internet of Things (IoT), and Smart Devices, form the core of this partnership.
The deal is set to expedite Infosys’ Chip-to-Cloud strategy, leveraging InSemi’s specialized design skills at scale. This aligns seamlessly with Infosys’ existing investments in AI/Automation platforms and industry partnerships, aiming to orchestrate comprehensive end-to-end product development for clients.
Founded in 2013, InSemi is recognized for its end-to-end semiconductor design services, covering electronic design, platform design, automation, embedded, and software technologies. The company caters to leading global corporations across semiconductor, consumer electronics, automotive, and hi-tech industries.
InSemi has a rapidly growing team of over 900 design specialists. InSemi brings a competitive advantage, an agile mindset, and an innovative approach to developing technology-led solutions that transform businesses.
Dinesh R, EVP & Co-Delivery Head at Infosys, emphasized, “With the rise of AI, smart devices, 5G, and beyond, 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 in the next wave of growth and a leadership position in Engineering R&D.”
The acquisition of InSemi is anticipated to conclude during the fourth quarter of fiscal 2024, subject to customary closing conditions, Infosys said.