indie Semiconductor Strengthens its Management Team with the Appointment of Mark Tyndall as Executive Vice President of Corporate Development and Investor Relations

Rhea-AI Summary

indie Semiconductor (Nasdaq: INDI) has appointed Mark Tyndall as Executive Vice President of Corporate Development and Investor Relations. Tyndall brings extensive experience from his roles at Dialog Semiconductor, MIPS Technologies, and Infineon Technologies. He played a significant role in Dialog's $6 billion sale to Renesas Electronics in 2022. indie Semiconductor's CEO, Donald McClymont, highlighted the company's tenfold revenue growth since its IPO and emphasized the value Tyndall's experience will bring to their growth strategy. Tyndall will oversee M&A activities, strategic partnerships, and financial community relations.

Positive

• Appointment of Mark Tyndall brings extensive industry experience.
• Tyndall's history of successful acquisitions and partnerships.
• Tenfold revenue growth since indie's IPO.
• Strong future growth outlook within the automotive semiconductor segment.

Negative

• Potential concerns about continuity with the new executive transition.

ALISO VIEJO, Calif.--(BUSINESS WIRE)-- indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced the appointment of Mark Tyndall as Executive Vice President responsible for Corporate Development and Investor Relations. Mr. Tyndall brings a wealth of semiconductor industry experience to indie from senior leadership roles at Dialog Semiconductor, MIPS Technologies, and Infineon Technologies, and most recently, as a founding semiconductor partner of Alexa Capital.

At Dialog Semiconductor, he was SVP of Corporate Development, where he played a key role in driving the company's growth over a period of 14 years. He executed multiple acquisitions, including a key technology licensing deal with Apple, drove capital financing transactions, and was instrumental in negotiating the sale of Dialog to Renesas Electronics for $6 billion in 2022.

“Since our IPO, we have grown our revenue by a factor of 10 by focusing our product development on the highest growth areas in the automotive landscape,” commented Donald McClymont, indie’s co-founder and chief executive officer. “We have multiple significant achievements behind us, but we have no intention of stopping there. Mark’s history of execution on transformational transactions with some of our industry’s largest players, coupled with his enthusiasm for our technology and plans, will be invaluable to us as we push our growth strategy forward.”

Commenting on his appointment, Mr. Tyndall said: “I am delighted to be joining indie at this very exciting time for the company. indie is in a unique position as a pure-play automotive company with an innovative, class-leading product portfolio and a very clear vision for its future. I look forward to contributing to and helping to drive indie’s strategic plans and successful execution of its long-term goal to be a world leader in the automotive semiconductor segment.”

Mr. Tyndall's responsibilities will include directing M&A activities, identifying and establishing strategic business partnerships and expanding indie’s relationships with the financial community.

About indie

indie is empowering the Autotech revolution with next generation automotive semiconductors and software platforms. We focus on developing innovative, high-performance and energy-efficient technology for ADAS, user experience and electrification applications. Our mixed-signal SoCs enable edge sensors spanning Radar, LiDAR, Ultrasound, and Computer Vision, while our embedded system control, power management and interfacing solutions transform the in-cabin experience and accelerate increasingly automated and electrified vehicles. We are an approved vendor to Tier 1 partners and our solutions can be found in marquee automotive OEMs worldwide. Headquartered in Aliso Viejo, CA, indie has design centers and regional support offices across the United States, Canada, Argentina, Scotland, Germany, Hungary, Morocco, Israel, Japan, South Korea, Switzerland and China.

Please visit us at www.indiesemi.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240701433902/en/

Media Inquiries

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Source: indie Semiconductor

FAQ

Who is the new Executive Vice President of Corporate Development and Investor Relations at indie Semiconductor?

Mark Tyndall has been appointed as the new Executive Vice President of Corporate Development and Investor Relations at indie Semiconductor.

What experience does Mark Tyndall bring to indie Semiconductor?

Mark Tyndall brings extensive experience from senior leadership roles at Dialog Semiconductor, MIPS Technologies, and Infineon Technologies.

What was one of Mark Tyndall's notable achievements at Dialog Semiconductor?

At Dialog Semiconductor, Mark Tyndall played a key role in the company's $6 billion sale to Renesas Electronics in 2022.

How much has indie Semiconductor's revenue grown since its IPO?

Since its IPO, indie Semiconductor has grown its revenue by a factor of 10.

What will be Mark Tyndall's responsibilities at indie Semiconductor?

Mark Tyndall will be responsible for directing M&A activities, identifying strategic business partnerships, and expanding relationships with the financial community at indie Semiconductor.