- Published on February 16, 2024
- In AI Features
Why is Indian IT Investing in Semiconductors?
Instead of outsourcing chips, the IT sector aims to design, develop and manufacture them.
- By K L Krithika
Infosys recently announced its intention to acquire InSemi to strengthen its engineering and R&D capabilities. InSemi, a semiconductor design company brings its expertise in electronic design, platform design, and automation to the table. Last year after multiple misses, Foxconn partnered with HCL Group to build an outsourced assembly and testing unit (OSAT) in India.
L&T, on the other hand, is not seeking partnerships but investing INR 830 crore to set up a wholly owned subsidiary that will be engaged in the business of fabless semiconductor chip design and product ownership.
“Partnering with and acquiring semiconductor firms provides IT companies with the necessary talent and customer access, establishing them as full-stack service providers essential for capturin
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K L Krithika
K L Krithika is a tech journalist at AIM. Apart from writing tech news, she enjoys reading sci-fi and pondering the impossible technologies, trying not to confuse it with reality.
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