Digital services and consulting services provider Infosys has announced a definitive agreement to acquire InSemi, a semiconductor design and embedded services provider. This strategic investment further strengthens Infosys' engineering R&D capabilities and demonstrates its commitment to co-create with global clients to help them navigate their digital transformation journey.

The acquisition is expected to close during the fourth quarter of fiscal 2024, subject to customary closing conditions.

Semiconductors are at the heart of the technology driving the exponential growth of artificial intelligence (AI), 5G, hyperconnectivity, high-performance computing, quantum technology, virtual reality, IoT, and smart devices. This collaboration will help accelerate Infosys' Chip-to-Cloud strategy by bringing niche design skills to scale and pairing them seamlessly with existing investments in AI/automation platforms and industry partnerships. The collaboration will aim to orchestrate comprehensive end-to-end product development for its clients. 

Founded in 2013, InSemi offers end-to-end semiconductor design services with expertise across electronic design, platform design, automation, and embedded and software technologies. It serves leading global corporations across semiconductor, consumer electronics, automotive, and hi-tech industries through its team of over 900 design specialists. 

Dinesh R, EVP and co-delivery head of Infosys said, "With the advent of AI, Smart devices, 5G and beyond, and 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 a next wave of growth and a leadership position in Engineering R&D." 

Shreekanth Sampigethaya and Arup Dash, co-founders of InSemi, said that over the last five years, the company has built a foundation with solid growth and design capabilities across the semiconductor value chain. "With Infosys as our catalyst, it creates a synergistic combination that allows us to scale and bring the power of AI & Engineering R&D and next-generation technology to global clients, expanding across industry sectors. We aim to accelerate our progress further, and together with Infosys, it paves a path of innovation, opening new opportunities for our teams," they added.