Infosys, on 11 January, after the company announced their plans to acquire a 100% stake in semiconductor design firm InSemi, which is a leading semiconductor design and embedded services provider, for a total consideration of Rs 280 crore.

In its regulatory filing, the company said, “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.”

Semiconductors are an important part of electronic gadgets, from toys to smart devices. There are many companies that are in the race to build the most powerful chips to make the most of the artificial intelligence boom, which is the next tech frontier.

The company said that the buyout will help accelerate its chip-to-cloud strategy by bringing niche design skills at scale and would also go seamlessly with the company’s existing investments in AI/automation platforms and industry partnerships.

InSemi was founded in 2013, and it offers semiconductor design services with expertise across electronic design, automation, platform design, and embedded and software technologies.