Infosys to acquire semiconductor design company InSemi for Rs 280 crore

Chennai, Jan 11 : Software major Infosys Ltd on Thursday said it will acquire InSemi, a semiconductor design and embedded services provider, for Rs 280 crore.

In a regulatory filing, Infosys said the acquisition of Rs 153.

6 crore revenue InSemi is expected to close during the fourth quarter of fiscal 2024, subject to customary closing conditions.

"Consideration including earn-outs, and management incentives, and retention bonus totaling up to INR 280 crores subject to customary closing adjustments," Infosys said.

The Bengaluru headquartered InSemi has a headcount of over 900 persons.

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