Wipro buys chip design service firm for $80 million

October 20, 2020 //By Peter Clarke
Wipro buys chip design service firm for $80 million
Indian IT consultancy Wipro Ltd. has agreed to acquire ASIC design services company Eximus Design Inc. (San Jose, Calif.) for US$80 million.

Wipro (Bangalore, India) has agreed to acquire Eximus Design, an engineering services company with expertise in semiconductor, software and systems design. Eximus, funded in 2013, has several hundred staff and design centers in India, Malaysia and Singapore.

The company designs semiconductor IP, FPGAs, ASICs and SoCs for application in IoT, Industry 4.0, edge computing, Cloud computing, 5G and artificial intelligence.

"Eximius enables Wipro to strengthen market leadership in VLSI and systems design services by expanding our market presence and strengthening our technical leadership in the semiconductor ecosystem, to help accelerate silicon innovation for our customers," said Harmeet Chauhan, senior vice president of industrial and engineering services at Wipro, in a statement.

The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending December 31, 2020.

Wipro originally stood for Western India Palm Refined Oil

Related links and articles:

www.wipro.com

www.eximusdesign.com

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