- Infosys shares buyout would help accelerate its chip-to-cloud strategy by bringing niche design skills at scale
- Infosys has showcased a 7.3 per cent year-on-year fall in net profit at Rs 6,106 crore in the third quarter
Infosys recently unveiled its plans to acquire InSemi, where the company will pay Rs 280 crore for a 100 per cent stake.
“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 IT services company said in a release.
Established in 2013, InSemi provides comprehensive semiconductor design services, specialising in electronic and platform design, automation, and embedded software technologies. Its client base includes prominent semiconductor, consumer electronics, automotive, and hi-tech companies.
“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 in the next wave of growth and a leadership position in engineering R&D,” said Dinesh R, EVP & Co-Delivery Head, Infosys.
Infosys, India’s second-largest IT services company, has showcased a 7.3 per cent year-on-year fall in net profit at Rs 6,106 crore in the third quarter.
Infosys said the buyout would help accelerate its chip-to-cloud strategy by bringing niche design skills at scale. They would also pair seamlessly with its existing investments in AI/automation platforms and industry partnerships.