Infosys to Acquire Leading Semiconductor Design Services Provider insemi
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Update time : 2024-01-23 15:26:56
Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, recently announced that it has entered into a definitive agreement to acquire insemi, a leading provider of semiconductor design and embedded services. This strategic investment further strengthens Infosys' engineering and R&D capabilities and demonstrates its continued commitment to co-creating with its global customers to help them navigate their digital transformation journey.
Semiconductors are at the heart of the technologies that are driving the exponential growth of artificial intelligence (AI), 5G, hyper-connectivity, high-performance computing, quantum technology, virtual reality, the Internet of Things and smart devices. The partnership will help accelerate Infosys' chip-to-cloud strategy by introducing niche design skills at scale and will also pair seamlessly with existing investments in AI/automation platforms and industry partnerships. The partnership aims to coordinate comprehensive end-to-end product development for customers.
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 companies in the semiconductor, consumer electronics, automotive and high-tech industries. Infosys is growing rapidly, and a team of more than 900 design professionals brings a competitive edge, agile thinking and an innovative approach to building technology-driven solutions that enable business transformation.
Dinesh R, Executive Vice President and Co-Delivery Head, Infosys, said, "Infosys has always been a leader in delivering cutting-edge and cutting-edge solutions to a wide range of industries through engineering R&D services. With the emergence of Artificial Intelligence, Smart Devices, 5G&beyond, Electric Vehicles, 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 lead in engineering R&D."
Shreekanth Sampigethaya and Arup Dash, co-founders of insemi, said, "Over the past five years, insemi has built a solid foundation of growth and design capabilities across the semiconductor value chain. With Indosys as the catalyst, it has created a synergistic combination that allows us to scale up and bring the power of AI and engineering R&D and next-generation technologies to our customers globally and expand across industry segments. Our goal is to further accelerate our progress and pave a path of innovation and open up new opportunities for our team with Indus Infosys."
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