Infosys has announced its intention to acquire Indian semiconductor design and embedded services company InSemi.

The financial terms of the deal have not been disclosed but Infosys described the transaction as a “strategic investment [that] further strengthens Infosys’ Engineering R&D capabilities.”

In a statement, Infosys said the collaboration will help accelerate Infosys’ 'chip-to-cloud strategy' by bringing in 'niche design skills at scale' and will also complement existing investments in AI/Automation platforms and industry partnerships.

“Infosys has been a leader and at the forefront of delivering cutting edge solutions across industries with Engineering R&D services,” said Dinesh Rao, EVP and co-delivery head at Infosys. “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 unique differentiator.”

“InSemi is a strategic investment as we usher a next wave of growth and a leadership position in Engineering R&D,” Rao said.

InSemi was founded in 2013 and has a team of over 900 design specialists offering end-to-end semiconductor design services across areas such as electronic design, platform design, automation, embedded and software technologies

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