Infosys, the multinational technology company, has recently announced its acquisition of Bengaluru-based semiconductor design and embedded firm InSemi for Rs 280 crore. This strategic investment aims to accelerate Infosys’ engineering R&D capabilities and enhance its position in the semiconductor design market.
InSemi, founded in 2013 by Shreekanth Sampigethaya and Arup Dash, specializes in providing comprehensive semiconductor design services, with expertise spanning electronic design, platform design, automation, embedded systems, and software technologies. The company boasts a talented team of over 900 design specialists.
Dinesh R, EVP and co-delivery head at Infosys, emphasized the importance of this acquisition in the context of emerging technologies such as artificial intelligence (AI), smart devices, 5G, electric vehicles, and beyond. He stated that the demand for next-generation semiconductor design services integrated with embedded systems creates unique opportunities for growth. InSemi’s expertise in this field aligns perfectly with Infosys’ goals.
The founders of InSemi, Sampigethaya and Dash, expressed excitement about the acquisition, as they believe it will enable them to scale their operations and bring the power of AI, engineering R&D, and next-generation technology to global clients across various industry sectors. They consider Infosys a catalyst for their expansion plans.
The acquisition is expected to be completed during the March quarter of the 2024 fiscal year, pending the fulfillment of customary closing conditions. This move represents a significant step for Infosys as it strengthens its presence in the semiconductor design market and reinforces its commitment to innovation and technological advancements.
The source of the article is from the blog foodnext.nl