Washington, August 7 – US President Donald Trump has made headlines again with another significant trade-related announcement. After recently declaring a 25% tariff hike on Indian imports, which raised the total duty to 50%, Trump now plans to impose a 100% tariff on imported computer chips and semiconductors.

As per agency report, this latest move is expected to impact the prices of electronics, automobiles, household appliances, and several other essential goods in the United States. Industry experts anticipate that the proposed tariff could lead to increased costs for consumers due to higher manufacturing expenses for electronic devices.

However, in a partial relief, Trump stated that exemptions would be provided to companies that manufacture semiconductors within the United States. This means that businesses operating domestic production facilities may be spared from the hefty import duties.

The announcement came following a meeting between President Trump and Apple CEO Tim Cook in the Oval Office. Trump emphasized that the administration is preparing to implement approximately 100% tariffs on imported chips and semiconductors. At the same time, he reassured that companies investing in American production would not be subject to these charges.

If enacted, the new tariff policy could directly affect American consumers. With higher import costs, products such as smartphones, cars, and other chip-dependent electronic items are likely to become more expensive, as manufacturers may pass on the additional cost to end users.

The global demand for semiconductors has been on the rise, especially in the aftermath of the COVID-19 pandemic, which saw a significant shortage of chips worldwide. Industry observers fear that Trump's decision may once again trigger a supply crunch similar to that experienced during the pandemic years. Semiconductors are crucial components in modern automobiles, smartphones, and countless electronic devices, making them indispensable to the global economy.

With the increasing reliance on digital infrastructure and smart technologies, any disruption or cost hike in the semiconductor supply chain is likely to ripple across various sectors, both in the US and globally.

New Delhi, May 14 – The Indian government on Wednesday approved the HCL-Foxconn semiconductor joint venture, which will set up a wafer fabrication plant in Jewar, Uttar Pradesh, with an estimated investment of Rs 3,706 crore.

As per agency report, the decision was announced by Union Information and Broadcasting Minister Ashwini Vaishnaw following a Cabinet meeting chaired by Prime Minister Narendra Modi. The proposed facility will produce display driver chips for mobile phones, laptops, automobiles, and other electronic devices.

According to the official statement, the plant will manufacture 20,000 semiconductor wafers per month and is expected to generate employment for approximately 2,000 people. The minister emphasized that display driver chips play a crucial role in controlling the quality and format of visuals shown on electronic screens and are a part of advanced semiconductor technology.

This will be the sixth semiconductor fabrication unit approved under India’s semiconductor initiative and marks a significant step in strengthening the country's electronics manufacturing ecosystem.

Foxconn, the world's largest electronics contract manufacturer and key assembler of Apple’s iPhones, is partnering with Indian IT major HCL Technologies for this venture. Vaishnaw noted that the establishment of this unit could potentially pave the way for full-fledged display panel manufacturing in India, addressing up to 40 percent of the country’s demand and even supporting global supply requirements.

The HCL-Foxconn semiconductor facility is scheduled to become operational by 2027. Vaishnaw added that India's electronics manufacturing sector currently employs around 2.5 million people, and the semiconductor ecosystem is expected to have a multiplier effect on employment and industrial growth.

He reiterated that semiconductors are a foundational component for all electronics and that this project will significantly enhance India’s capacity and self-reliance in advanced manufacturing.

Gandhinagar, April 21 – Union Minister Jayant Chaudhary on Monday inaugurated the PDEU-NSDC Centre of Excellence for Skill Development at Pandit Deendayal Energy University (PDEU) in Gandhinagar. The centre, established in partnership with the National Skill Development Corporation (NSDC), aims to equip Indian youth with hands-on skills in emerging sectors such as semiconductor manufacturing, renewable energy, and artificial intelligence (AI).

As per agency report, the new initiative is designed to provide advanced training in future-critical technologies, giving students real-world exposure to high-tech manufacturing and digital domains. Speaking at the event, Minister of State for Skill Development and Entrepreneurship Jayant Chaudhary emphasized the importance of collaboration between academia and industry and urged universities across the country to engage with their alumni networks for stronger institutional development.

The Centre of Excellence will offer more than 40 online and hybrid courses, covering a wide range of topics such as semiconductor fabrication, renewable and non-renewable energy, smart manufacturing, embedded systems, robotics, AI, machine learning, cloud computing, blockchain, and VLSI design. The training for semiconductor technologies has already commenced, and further infrastructure, including domain-specific laboratories, is being added to enhance capacities in smart and clean technologies.

Professor Sunder S Manoharan, Director General of PDEU, announced during the event that the Centre of Excellence will train professionals for upcoming semiconductor assembly operations at the Micron Technology plant in Sanand, near Ahmedabad. Micron, a US-based chipmaker, is setting up one of India's key semiconductor manufacturing facilities, and this centre is expected to play a vital role in developing a skilled workforce for the project.

The initiative marks a significant step in aligning India’s talent development with the country’s broader ambitions in technology-driven growth and self-reliance in semiconductor manufacturing.

New Delhi, April 20 – A team of 30 scientists from the Indian Institute of Science (IISc) has proposed to the Indian government the development of Angstrom-scale semiconductor chips, which would be significantly smaller than the currently smallest chips in global production.

As per agency report, the proposal outlines a plan to utilize a new class of semiconductor materials known as ‘2D materials’ to manufacture ultra-miniaturized chips. These Angstrom-scale chips would be nearly one-tenth the size of the smallest chips currently being produced globally, potentially placing India at the forefront of next-generation semiconductor technology.

At present, the global semiconductor industry is dominated by silicon-based technologies led by countries like the United States, Japan, South Korea, and Taiwan. In contrast, the IISc-led initiative aims to leapfrog current standards by deploying advanced materials such as graphene and transition metal dichalcogenides (TMDs) to create 2D semiconductors.

According to sources, the IISc team submitted a detailed project report (DPR) to the Office of the Principal Scientific Adviser (PSA) to the Government of India in April 2022. A revised version was submitted in October 2024, and later shared with the Ministry of Electronics and Information Technology (MeitY). The proposal calls for the creation of Angstrom-scale chips using atomic-scale materials and outlines a roadmap for indigenous technology development in this frontier field.

Officials from MeitY confirmed that discussions on the project are underway and that the ministry views the proposal positively. Senior officials, including the PSA and MeitY Secretary, have held meetings to evaluate the scope and potential of the technology. The ministry is also exploring practical electronic applications where this breakthrough could be implemented.

India currently relies heavily on foreign firms for semiconductor manufacturing, a strategic sector crucial to both economic development and national security. One of the country’s major ongoing projects is a semiconductor fabrication facility being developed by Tata Electronics in partnership with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC), involving an investment of Rs 91,000 crore. This project is part of the India Semiconductor Mission and qualifies for 50 percent capital support from the government.

In comparison, the IISc-led proposal seeks Rs 500 crore over five years to develop next-generation semiconductor technology indigenously. The plan includes a phased funding approach aimed at achieving technological self-reliance after the initial development stage.

New Delhi, March 28 : The Union Cabinet on Friday approved a Production Linked Incentive (PLI) scheme worth Rs 22,919 crore for the manufacturing of non-semiconductor electronic components, aiming to boost domestic production and reduce import dependency.

Announcing the decision after the Cabinet meeting chaired by Prime Minister Narendra Modi, Union Minister for Electronics and Information Technology Ashwini Vaishnaw said the scheme is expected to generate direct employment for around 91,600 people and attract investments of approximately Rs 59,350 crore.

This marks the government’s first targeted initiative to promote the domestic manufacturing of passive electronic components. These components, essential for regulating electrical currents, do not generate or amplify energy on their own but are vital for the functioning of various electronic systems.

Vaishnaw stated that the PLI scheme for electronic components will be implemented over six years and is designed to meet the growing demand from sectors such as telecommunications, consumer electronics, automotive, medical devices, and the power industry. The scheme is projected to lead to a total production output of Rs 4.56 lakh crore.

According to industry body Electronic Industries Association of India (ELCINA), the production of non-semiconductor electronic components in India was valued at around USD 13 billion in 2022. This figure is expected to rise to USD 20.7 billion by 2026 and could touch USD 37 billion by 2030.

ELCINA has also warned that without adequate government support, the segment could face a cumulative trade deficit of USD 248 billion (approximately Rs 21 lakh crore) by 2030, which would need to be met through imports. To address this challenge, the association had previously recommended a support package of USD 8.57 billion (around Rs 72,500 crore) to reduce this projected deficit by Rs 12.36 lakh crore over the next six years.

The newly approved scheme is seen as a significant step toward strengthening India’s electronics manufacturing ecosystem and positioning the country as a global hub for component production.

Greater Noida  – Prime Minister Narendra Modi on Wednesday inaugurated the *Semicon India 2024* at the India Expo Mart, Greater Noida. In his opening remarks, PM Modi emphasized that this is the right time for India to emerge as a major player in the global semiconductor industry, stating, "You are at the right place at the right time."

Addressing the gathering, Modi stressed the trust and reliability that 21st-century India offers to the world. Drawing an analogy to a semiconductor diode, he remarked, "Just as energy flows in both directions in a diode, the relationship between entrepreneurs and the government works similarly."

He pointed out India’s rapidly growing influence in the global semiconductor design space, with the country contributing around 20% to the global designing sector. "India’s focus is on students and skilled individuals, and we are taking significant steps to ensure India plays a pivotal role in semiconductor manufacturing," Modi stated.

The Prime Minister also highlighted the government’s commitment to supporting the semiconductor industry through subsidies and financial aid, with several projects already in the pipeline. "This year, from the Red Fort, I declared our dream that every device in the world should have an Indian-made chip. India is committed to doing everything necessary to achieve that."

Modi further revealed that efforts are underway to establish a semiconductor center at the Indian Institute of Space Science and Technology to bolster the industry’s growth in India.

The *Semicon India 2024* event, held from September 11 to 13, is a three-day conference that gathers experts, leaders, and stakeholders from across the globe. The inauguration was attended by Uttar Pradesh Chief Minister Yogi Adityanath, Union Minister Jitin Prasada, and other dignitaries. 

This event marks a significant step in India's ambition to strengthen its position in the global semiconductor supply chain.

Gandhinagar- Chief Minister Bhupendra Patel inaugurated the 'Gujarat Semiconnect Conference 2024' in Gandhinagar on Friday, emphasizing the importance of strengthening the semiconductor ecosystem in India. He expressed confidence that Gujarat will soon produce the country's first semiconductor chip, symbolizing Make in India and self-reliant India. This one-day conference was organized by the State Government's Science and Technology Department at Mahatma Mandir.

Focus on Domestic Semiconductor Ecosystem

Addressing the inaugural ceremony, Chief Minister Patel highlighted the aim of developing a domestic semiconductor ecosystem in line with the Gujarat Semiconductor Policy (2022-27) and Gujarat Electronics Policy (2022-28). He noted that India is poised to become the world's third-largest economic power under Prime Minister Modi's leadership.

India Semiconductor Mission

Patel underscored the global need for a reliable and trusted chip supply chain. He praised the Prime Minister's India Semiconductor Mission, which aims to make India self-reliant in the semiconductor sector. Patel also highlighted Gujarat's pioneering role in implementing the Gujarat Semiconductor Policy in 2022 and mentioned Dholera's development as the first Greenfield Smart City with plug-and-play facilities for semiconductor and electronics manufacturing.

Investment and Subsidy Announcements

S. Krishnan, Secretary of the Union Department of Electronics and Information Technology, announced a substantial subsidy of Rs 76,000 crore for investment in the semiconductor sector under the Indian Semiconductor Mission. He noted that Gujarat is leading in securing various investments in this sector. Micron Senior Vice President Gursharan Singh acknowledged Gujarat's decisive role in making India a semiconductor hub.

Tata Electronics' Major Investment

Tata Electronics CEO Randhir Thakur announced a significant investment of $11 billion to set up a semiconductor manufacturing plant in Dholera, Gujarat, expected to create over 20,000 jobs. He revealed plans to establish India's first AI-enabled state-of-the-art fab in Dholera. Arun Murugappan, Chairman of Tube Investment, emphasized the semiconductor sector's vital role in realizing Prime Minister Modi's vision of 'Developed India @ 2047' and 'Atmanirbhar Bharat'.

Conference Highlights

Principal Secretary of the State Science and Technology Department Mona Khandhar, in her welcome address, stated that the conference aims to create more opportunities in the semiconductor sector in India and Gujarat. The event included eight theme-based technical sessions focusing on crucial areas in the semiconductor industry. Additional Chief Secretary of the Finance Department J.P. Gupta, Managing Director of Gujarat State Electronics Mission Manish Gurwani, senior officials from the Department of Science and Technology, and representatives from reputed semiconductor manufacturing industries were present at the conference.

The 'Gujarat Semiconnect Conference 2024' marks a significant step towards making India a global leader in the semiconductor industry, with Gujarat playing a pivotal role in this transformation.

New Delhi, Feb 3 (IANS) As India aspires to become a $5 trillion economy by 2025, sunrise sectors like Electric Vehicles (EVs), renewable energy, semiconductors, electronics manufacturing and more – which have the potential to transform the country’s economic landscape -- have been given a renewed focus by the government.

The Rs 1 lakh crore corpus, to provide long-term, interest-free financing for the tech-savvy youth is a positive measure as access to capital is a critical factor to support innovation and growth in sunrise industries.

Presenting the Interim Budget in the Lok Sabha last week, Finance Minister Nirmala Sitharaman said that this corpus will provide "long-term low or nil interest rates so that the youth can innovate at scale."

“For our tech-savvy youth, this will be a golden era. A corpus of Rs 1 lakh crore will be established with a 50-year interest-free loan. The corpus will provide long-term financing or refinancing with long tenors and low or nil interest rates,” said the Finance Minister.

This will encourage the private sector to scale up research and innovation significantly in sunrise domains.

“We need to have programmes that combine the powers of our youth and technology,” she said.

Lieutenant-General Dr SP Kochhar, Director General, Cellular Operators Association of India (COAI), said that the long-term, interest-free or low interest rate loans and focus on deep technology will “further encourage the private sector to scale up research and innovation.”

Ankur Bansal, Co-Founder and Director, BlackSoil Capital, said the move will encourage entrepreneurship.

“In addition, such initiatives will attract investment from the private sector and foreign investors, driving growth and propelling India towards self-reliance,” said Bansal.

The Finance Minister said that a new scheme will be launched to strengthen the deep-tech sector for Defence purposes.

Peeyush Vaish, Partner and TMT Industry Leader, Deloitte India, said that the large interest-free outlay will further boost our tech start-up ecosystem in emerging areas around 5G, generative AI, agritech and healthtech.

“The Rs 1 lakh crore corpus that will be made available with 50-year interest-free (long-term financing or refinancing) to encourage the private sector to scale up R&D in Sunrise domain is a welcome move for the sector. This will push India to the forefront of innovation and skill enhancement,” said Vaish.

Neeraj Bansal, Co-Head and COO, India Global, KPMG in India, said the corpus will help in improving India’s research and innovation ecosystem, critical to the country’s aspirations of being a $5 trillion economy.

The government will also expand and strengthen the EV ecosystem by supporting manufacturing and charging infrastructure.

The focus on boosting EV charging stations will drive sales of both vehicles and charging infrastructure.

Kanishk Maheshwari, Co-Founder & MD, Primus Partners, said that the new scheme for bio-manufacturing and biofoundry is a welcome step towards promoting sustainable and green manufacturing practices.

"It augurs well for both large and MSME units and should enable fast adoption of green manufacturing practices in the manufacturing process," he said.

India is making progress in building its EV charging infrastructure in order to phase out diesel vehicles in a stipulated time-frame but there is still a long way to go.

Currently, the ratio of EVs to charging stations is nearly 9:1, while the ideal ratio should be 4:1, meaning four cars per one charging point.

According to industry experts, most of the public charging stations are currently available in Tier 1 cities and some highways.

"However, for mass EV adoption to occur, charging infrastructure must be accessible throughout the country to encourage people to choose EVs for long-distance travel," senior analyst Soumen Mandal from Counterpoint Research told IANS.

India is likely to have 10,000 public charging stations by the end of 2025.

"Furthermore, in order to achieve a 30 per cent EV adoption rate, India must build more than 300,000 public charging stations by 2030," Mandal said.

Additionally, government initiatives like the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme further incentivise EV adoption.

Another sunrise sector is clean energy, which promises a golden opportunity for companies to develop cutting-edge solutions to innovate further solar panels, wind turbines, and energy storage systems.

The industry hailed the government's latest push towards ‘green growth' with a new scheme of bio-manufacturing and bio-foundry that will foster sustainable mobility.

The Government said that such steps will provide environment-friendly alternatives such as biodegradable polymers, bio-plastics, bio-pharmaceuticals and bio-agri-inputs.

“This scheme will also help in transforming today’s consumptive manufacturing paradigm to the one based on regenerative principles,” said Sitharaman.

According to Neeraj Bansal the emphasis on green energy, announcement of rooftop solarisation and the fostering of the EV ecosystem underline the government’s priority on sustainability.

Mayank Bindal, Founder and CEO, Snap E Cabs (EV Cabs), said the announcement of a new scheme for bio-manufacturing “underscores the government's dedication to promoting green growth and environmental stewardship.”

“The government’s continued focus on the EV ecosystem is indeed a pragmatic step forward and will continue to help India succeed in achieving its long-term decarbonisation objectives. This is an exciting time for the country's green industrial and economic transition,” said Manoj Nair, Head of India GDC, Fujitsu India.

In order to achieve the target of net zero carbon emissions by 2070, there has been an emphasis on a green economy with focus on expansion of solar energy, bio fuels and charging infrastructure which will raise the need for green skills.

New Delhi, Jan 17 (IANS) Taiwanese contract manufacturing giant Foxconn has said that it is teaming up with HCL Group to start a chip packaging and testing venture in India, a media report said on Wednesday.

According to a regulatory filing to Taiwan's stock exchange, Foxconn Hon Hai Technology India Mega Development, a division of the Taiwanese contract manufacturer, will invest $37.2 million for a 40 per cent ownership in the joint venture, reports Moneycontrol.

The chip packaging and testing venture, called OSAT in industry lingo, comes after Foxconn abandoned a joint venture with Anil Agarwal-led Vedanta in July last year.

HCL Group had earlier announced that it was in active talks to establish an OSAT facility with the state government of Karnataka, the report mentioned.

This development comes after the company submitted a fresh application to establish a semiconductor fabrication unit in India under the “modified scheme for setting up semiconductor facilities in India" -- a government initiative aimed at promoting the electronics manufacturing sector, including semiconductors, the report added.

“Foxconn has to bring in technology. They have to establish that they have the technology to manufacture semiconductors. The process of verifying the technology and so on is currently underway at the ministry,” a government official was quoted as saying.

Meanwhile, Foxconn has received approval to invest at least $1 billion more in a plant in India that will manufacture Apple products, a significant step towards its aim of establishing a hub outside of China.

Gursharan Singh, Sr. VP of Micron exchanges the MoU with Sanjay Sharma, NAMTECH Board member, in the presence of Gujarat Chief Minister Bhupendrabhai Patel at the Vibrant Gujarat 2024 summit today

Gandhinagar (Gujarat) [India], January 12: Micron Technology, Inc (NASDAQ: MU), one of the world’s largest semiconductor companies, and the New Age Makers Institute of Technology (NAMTECH), an ArcelorMittal Nippon Steel India (AM/NS India) education initiative, have formalised a Memorandum of Understanding (MoU) to partner on advancing the development of the world-class talent pipeline required to propel India’s semiconductor manufacturing ambitions, which is projected to quadruple to a capitalisation of USD 110 billion by 2030. The MoU was signed at the Vibrant Gujarat Summit in the presence of Union Cabinet Minister for Railways, Communications, Electronics, and Information Technology, Shri Ashwini Vaishnaw.

The partnership will include experiential education and training programs focused on cultivating a highly proficient, globally competitive pool of talent with diverse and sustainable engineering career paths and is aligned with the Ministry of Electronics and Information Technology’s India Semiconductor Mission (ISM) for capacity development. ISM aims to create a robust, self-sufficient semiconductor assembly and test ecosystem to enable India’s emergence as a global hub for electronics manufacturing and design.

“With the collaboration between Micron and NAMTECH, we are shaping the future of semiconductor education and manufacturing in India, while sculpting a global narrative of innovation and technological prowess,” said Shri Ashwini Vaishnaw, Union Cabinet Minister for Railways, Communications, Electronics, and IT. “This partnership, forged under the umbrella of the India Semiconductor Mission, propels our nation towards a self-sufficient and pioneering role in the semiconductor landscape. With unwavering commitment, we stride confidently into a new era, leveraging the synergies between academia and industry, ultimately contributing to India’s technological ascendancy on the world stage. To further support the semiconductor industry and its ecosystem, we also request Micron to establish a Center of Excellence in Gujarat.”

Micron’s track record of developing industry-leading manufacturing operations—and the people that lead them—will play a pivotal role in assisting NAMTECH in the creation of the industry-grade semiconductor assembly and test laboratories, clean rooms and other peripheral infrastructure required to establish an incubation hub that gives students immersive and empirical learning experiences with cutting-edge equipment.

“This synergistic collaboration with NAMTECH is an opportunity to build the talent and skill essential to the semiconductor assembly and test industry,” said Gursharan Singh, Micron’s Senior Vice President of Global Assembly and Test Operations. “The partnership enables us to leverage India’s well-established talent pipeline for the semiconductor ecosystem, not just regionally but also on a global scale.”

Micron and NAMTECH are committed to enriching the academic resources needed to nurture a diverse talent pool through bespoke, hands-on learning, curriculum development and faculty training. The partnership aims to provide internships and employment opportunities for NAMTECH students, bring together students and industry luminaries, organise academic excursions to industrial precincts, and facilitate technical projects.

“The partnership with Micron heralds a new chapter for NAMTECH, an establishment created by, for, and with industry,” said Sanjay Sharma, NAMTECH Board member and Vice President of ArcelorMittal. “NAMTECH’s deep focus on experiential learning, coupled with Micron’s preeminence in semiconductor technologies, will cultivate skilled specialists adept at navigating the intricacies of a rapidly evolving sector that will continue to rise in the Indian subcontinent and beyond.”

Micron will look to NAMTECH as an ongoing staffing source for highly trained talent for its global manufacturing units and a steady pipeline for domestic industry. Micron’s upcoming assembly and test facility in Sanand, Gujarat, will create approximately 5,000 direct Micron jobs and 15,000 community jobs in the coming years.

About Micron Technology, Inc.

We are an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2024 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

About ArcelorMittal Nippon Steel India (AM/NS India)
ArcelorMittal Nippon Steel India (AM/NS India) is a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steel manufacturing organisations. A leading integrated flat carbon steel producer in India, the company has a 9 million tonnes per annum crude steel capacity with state-of-the-art downstream facilities. It produces a diversified range of flat steel products, including value-added steel and a 20 million-tonne pellet capacity.

About New Age Makers Institute of Technology (NAMTECH)

NAMTECH is a pioneering, industry-aligned institute built with a bold mission to resolve the disconnect between what the industry needs and the rigid, siloed educational system produces.

NAMTECH seeks to reimagine education through experiential learning and an emerging technology-driven curriculum that moulds students for whatever comes and prepares them with the skills to meet future marketplace challenges.

Micron Media Relations Contact

Vikas Prabhakar

Micron Technology, Inc.

+91-7349617505

vprabhakar@micron.com

Micron Investor Relations Contact

Satya Kumar

Micron Technology, Inc.

+001-408-450-6199

satyakumar@micron.com

NAMTECH Media Relations Contact

Soumik Dey

+91-9873519555

Soumik.Dey@namtech.ac

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Chennai, Jan 11 (IANS) 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.