Infosys, the Indian IT giant, has announced the final agreement for its acquisition of InSemi, with a transaction value of INR 28 billion. InSemi is an outstanding semiconductor design and embedded services provider. The company stated that through this collaboration, it aims to leverage InSemi's cutting-edge design capabilities in scale to accelerate its Chip-to-Cloud strategy. In its statement, the company expressed that this move aligns perfectly with Infosys' existing investments in AI/automation platforms and industry partnerships, facilitating comprehensive end-to-end product development for its clients. Dinesh R, Executive Vice President and Co-Head of Delivery at Infosys, said, "With the development of artificial intelligence, smart devices, 5G, and the demand for electric vehicles, the next generation of semiconductor design services integrates our embedded systems, creating unique differentiating advantages. InSemi is a strategic investment for us to embrace the new wave of growth and establish leadership in the engineering and research and development field." Established in 2013, InSemi provides end-to-end semiconductor design services, covering electronic design, platform design, automation, embedded, and software technologies. With a team of over 900 design experts, InSemi serves leading global enterprises in the semiconductor, consumer electronics, automotive, and high-tech industries. This acquisition will strengthen Infosys' capabilities in the engineering and research and development field, positioning the company as a leader in this domain. Shreekanth Sampigethaya and Arup Dash, co-founders of InSemi, stated, "With Infosys as our catalyst, we can create synergies that allow us to scale, bringing AI and engineering capabilities, as well as next-generation technologies, to global clients across multiple industries. Our goal is to further accelerate our progress, and together with Infosys, this opens up an innovative path and new opportunities for our team." The acquisition is expected to be completed in the fourth quarter of the fiscal year 2024, subject to customary closing conditions.