Noida-based HCL Technologies on Monday announced the acquisition of US-based technology services provider Sankalp Semiconductor for ₹180 crore. Sankalp will operate as a 100% subsidiary of HCL post the completion of the acquisition by the first week of October. Incorporated in 2005, Sankalp offers System on Chip (SoC) design services and solutions in the semiconductor space.
Sankalp, with 5000+ man-years of experience in the semiconductor design space, brings strong capabilities in analog, digital and mixed-signal chip design. It provides end-to-end solutions in the Automotive, Consumer, IoT, Medical Electronics, Networking and Wireless domains.
Sankalp’s capabilities, combined with HCL’s existing strengths, will help HCL sustain its leadership position in the semiconductor space within the Engineering and R&D Services industry. This strategic acquisition would enable HCL to further expand into newer market-domains, especially in analog and mixed-signal design.
“Sankalp will complement our strong semiconductor offerings and help offer a wider range of services to our customers in the Analog & Mixed signal space,” said GH Rao, President – Engineering and R&D Services, HCL Technologies. “Sankalp will operate as a 100% subsidiary of HCL’’ he added.
“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.