Infosys is planning acquire semiconductor design and embedded services provider InSemi for an undisclosed amount.
The acquisition is expected to conclude in the current quarter, according to the India’s second-largest IT Company.

It will strengthen Infosys' engineering R&D capabilities and help clients provide end-to-end product development, as semiconductors are a key technology component driving the growth of AI (Artificial Intelligence), 5G, quantum technologies, Internet of Things (IoT), smart devices and other technologies.

“Infosys is strong in engineering services and semiconductors are a $500 billion opportunity,” says Nilanjan Roy, outgoing CFO of the company.

The partnership with InSemi will further help accelerate Infosys' chip-to-cloud strategy by bringing specialized design skills at scale and complementing its existing investments in AI and automation platforms and industry partnerships.

Founded in 2013, Bengaluru-based InSemi offers expertise in electronic design, platform design, automation, embedded and software technologies. It has over 900 design specialists and serves clients worldwide in the semiconductor, consumer electronics, automotive and hi-tech industries.

“InSemi is a “strategic investment” to usher in a new wave of growth and leadership position in engineering R&D,” says Dinesh R, executive VP and co-delivery head at Infosys.

“Infosys has been a leader and at the forefront of delivering cutting-edge solutions across industries with engineering R&D services. With the advent of AI, smart devices, 5G and beyond, electric vehicles, the demand for next-generation semiconductor design services integrated with our embedded systems creates a unique differentiator,” adds Dinesh.

InSemi co-founders Shreekanth Sampigethaya and Arup Dash said that over the past five years, the company has built a foundation with solid growth and design capabilities across the semiconductor value chain.