HCL technologies set to acquire Sankalp Semiconductor

HCL Technologies announced that it will acquire 100 per cent stake in Sankalp Semiconductor, a semiconductor design services provider, for Rs.180 crore.

Sankalp Semiconductor offers an integrated portfolio of services and solutions in the area of VLSI Design and Verification, Physical and layout Design, Library development including memory and standard cells and Analog design and layout. So, this acquisition offers HCL Tech the opportunity to combine Sankalp’s Analog strength with HCL’s digital SoC expertise to gain market share in VLSI Design Services Market.

GH Rao, President, HCL Technologies said, “ Sankalp will complement our strong semiconductor offerings and help offer a wider range of services to our customers in the analog and mixed signal space’’.

HCL Technologies is a leading global IT services company that helps global enterprises re-imagine and transform their business through Digital technology transformation. HCL Technologies offers an integrated portfolio of products, solutions, services, and IP through their Mode 1-2-3 strategy built around digital, IoT, cloud, Automation, Cybersecurity, Analytics and Engineering Services to help enterprises re-imagine their business for the digital age.

On Monday, the stock of HCL Technologies opened at Rs.1100.00 per share and made an intraday high and low of Rs. 1100.00 and Rs. 1081.00, respectively on the BSE. The stock closed at Rs. 1084.15, down by 1.58 per cent.