Infosys, a global leader in digital services and consulting, has announced a definitive agreement to acquire InSemi, a prominent semiconductor design and embedded services provider. This strategic move aims to bolster Infosys’ Engineering R&D capabilities, showcasing the company’s commitment to collaboratively navigate the digital transformation journey with global clients.
Semiconductors play a crucial role in driving the exponential growth of technologies such as Artificial Intelligence (AI), 5G, Hyperconnectivity, High-Performance Computing, Quantum Technology, Virtual Reality, IoT, and Smart Devices. The acquisition of InSemi enhances Infosys’ Chip-to-Cloud strategy by bringing specialized design skills at scale and aligning seamlessly with existing investments in AI/Automation platforms and industry partnerships. The collaboration intends to facilitate comprehensive end-to-end product development for clients.
Founded in 2013, InSemi provides end-to-end semiconductor design services with expertise in electronic design, platform design, automation, embedded, and software technologies. It serves leading global corporations in industries such as semiconductor, consumer electronics, automotive, and hi-tech. With a rapidly growing team of over 900 design specialists, InSemi brings a competitive advantage, agile mindset, and innovative approach to developing technology-led solutions for transforming businesses.
Dinesh R, EVP & Co-Delivery Head at Infosys, highlighted the company’s leadership in delivering cutting-edge solutions across industries through Engineering R&D services. He emphasized the strategic importance of InSemi’s acquisition in propelling the next wave of growth and securing a leadership position in Engineering R&D.
The co-founders of InSemi, Shreekanth Sampigethaya and Arup Dash, expressed excitement about the collaboration, noting that Infosys as a catalyst would enable them to scale and bring the power of AI, Engineering R&D, and next-generation technology to global clients across various industry sectors. They foresee the partnership opening new opportunities for innovation.
The acquisition is anticipated to conclude in the fourth quarter of fiscal 2024, subject to customary closing conditions. This move aligns with Infosys’ vision of staying at the forefront of technological advancements and further expanding its capabilities in the semiconductor and embedded services space.
