HCL Technologies Limited (HCL) has acquired Sankalp Semiconductor(Sankalp) for Rs 180 crore. It is an advanced technology design service provider which offer comprehensive digital and mixed-signal SoC services and solution from concept to prototype, in the semiconductor space.
Sankalp brings strong capabilities in analogue, digital and mixed-signal chip design. It provides end-to-end solutions in the Automotive, Consumer, IoT, Medical Electronics, Networking and Wireless domains.
The capabilities of Sankalp is combined with HCL’s existing strength, will help sustain its leadership position in the semiconductor space within the Engineering and R&D Services industry. This strategies acquisition would enable HCL to further expand into newer market-domains, especially in analogue and mixed-signal design.
“The strategic acquisition will enable synergies between engineering teams allowing us to offer broader semiconductor know-how, to a wider variety of customers. The joined forces will enable deeper engagements with customers in the end-to-end digital and mixed-signal design space,” said Samir Patel, CEO Sankalp Semicon.
Read EquityPandit’s Nifty Outlook for the Week