Infosys to acquire InSemi to boost semiconductor design and embedded services

Indian IT giant Infosys has announced a definitive agreement to acquire InSemi, a leading semiconductor design and embedded services provider. This strategic acquisition aligns with Infosys’ ongoing commitment to co-create with global clients and support their digital transformation journeys.

InSemi’s acquisition is a testament to Infosys’ dedication to enhancing its Engineering R&D capabilities. Semiconductors are critical to the technology driving the exponential growth of AI, 5G, Hyperconnectivity, High-Performance Computing, Quantum Technology, Virtual Reality, IoT, and Smart Devices. This collaboration is set to accelerate Infosys’ Chip-to-Cloud strategy by integrating niche design skills at scale, complementing existing investments in AI/Automation platforms and industry partnerships. The joint effort aims to provide comprehensive end-to-end product development for clients.

Founded in 2013, InSemi has established itself as a market leader in semiconductor design and embedded system solutions. With a team of over 900+ design specialists, the company offers a wide range of services, including electronic design, platform design, automation, embedded, and software technologies. InSemi’s expertise spans across various industries such as semiconductor, consumer electronics, automotive, and hi-tech, and the company has delivered multiple successful ASIC design tape-outs in advanced technology nodes up to 5nm.

Dinesh R, EVP & Co-Delivery Head at Infosys, emphasized the strategic nature of the acquisition, noting how it positions Infosys for the next wave of growth in Engineering R&D. The Co-Founders of InSemi, Shreekanth Sampigethaya and Arup Dash, expressed enthusiasm about scaling and bringing next-generation technology to global clients, with Infosys acting as a catalyst for growth and innovation.

The acquisition is expected to close during the fourth quarter of fiscal 2024, subject to customary closing conditions. This move is poised to create a synergistic combination that leverages AI and Engineering R&D to expand across industry sectors, opening new opportunities for innovation and growth.