Accenture on July 8 announced the acquisition of Bengaluru-based semiconductor design services provider Excelmax Technologies to further enhance its growing silicon design and engineering capabilities.
The terms of the transaction were not disclosed.
"The semiconductor market is experiencing a surge in demand for silicon design engineering, driven by the proliferation of data centers and the increasing use of AI and edge computing," the Dublin-headquartered company said in a release.
The information technology (IT) company will add approximately 450 professionals in key areas such as emulation, automotive, physical design, analog, logic design, and verification. Accenture's global workforce numbers over 750,000 employees.
Excelmax provides custom silicon solutions used in consumer devices, data centers, artificial intelligence (AI), and computational platforms that enable edge AI deployments to clients in the automotive, telecommunications, and high-tech industries.
The world's largest IT company said the acquisition is propelled by the growing consumer appetite for electronics, which is driving new investments in the chip design space.
Mahesh Zurale, global lead - Advanced Technology Centers Global Network, Accenture, said global demand for silicon solutions is on the rise, and India is becoming a hotbed for chip design.
"Growing our skilled talent in the country... will help us expand our capabilities in the silicon design space and accelerate innovation for our worldwide clients,” Zurale was quoted as saying in the release.
Excelmax was founded in 2019 and offers comprehensive semiconductor solutions from high-level design to detailed physical layout ready for manufacturing, and full turnkey execution.
In 2022, Accenture acquired Canada-based silicon design services company XtremeEDA.
Also read: Accenture lowers revenue forecast again as tough macro economy weighs
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