Infosys Ltd.

BSE: 500209 | NSE: INFY
Large Cap | IT - Software
1677.15
-12.25 (-0.73%)
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Infosys to acquire InSemi

Date: 12-01-2024

Infosys has inked a definitive agreement to acquire InSemi, a leading semiconductor design and embedded services provider. This strategic investment further strengthens Infosys’ Engineering R&D capabilities and demonstrates its continued 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 which is driving 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 at scale and will also pair seamlessly with existing investments in AI/Automation platforms and industry partnerships. The collaboration will aim to orchestrate comprehensive end-to-end product development for clients.  

Infosys is a global leader in next-generation digital services and consulting.