Infosys Completes Acquisition of Leading Semiconductor Design Services Provider, InSemi
Infosys (NSE, BSE, NYSE: INFY) a global leader in next-generation digital services and consulting, today announced that it has completed the acquisition of InSemi, a leading semiconductor design and embedded services provider. This follows the announcement the company made on January 11, 2024.
Infosys has been at the forefront of delivering cutting edge solutions across industries with Engineering R&D services. The strategic investment with InSemi reaffirms Infosys’ commitment to the semiconductor ecosystem and strengthens expertise in Engineering R&D services. Semiconductors are at the heart of the technology which is driving exponential growth of Artificial Intelligence (AI), 5G, Hyperconnectivity, High Performance Computing, Quantum Technology, Electric Vehicles, Virtual Reality, IoT and Smart Devices. This collaboration helps 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 global clients to help them navigate their digital transformation journey.
InSemi offers end-to-end semiconductor design services with expertise across electronic design, platform design, automation, embedded and software technologies. It serves leading global corporations across semi-conductor, consumer electronics, automotive, and hi-tech industries. InSemi is growing expeditiously and a team of over 900+ design specialists bring in the competitive advantage, agile mindset, and an innovative approach to build technology-led solutions that transform businesses.
Infosys is delighted to welcome InSemi and its leadership team.
Shares of Infosys Limited was last trading in BSE at Rs. 1427.35 as compared to the previous close of Rs. 1440.75. The total number of shares traded during the day was 64739 in over 3207 trades.
The stock hit an intraday high of Rs. 1441.45 and intraday low of 1426.10. The net turnover during the day was Rs. 92759333.00.
Source : Equity Bulls
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