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indie Semiconductor, Inc. - INDI STOCK NEWS

Welcome to our dedicated page for indie Semiconductor news (Ticker: INDI), a resource for investors and traders seeking the latest updates and insights on indie Semiconductor stock.

Indie Semiconductor, Inc. (symbol: INDI) is a pioneering company in the field of automotive semiconductors and software platforms. With a core focus on custom microcontroller-based chips, indie Semiconductor replaces the traditional printed circuit board components with a single, optimized System-on-Chip (SoC). This innovative approach not only reduces product cost, size, and power consumption but also enhances reliability, manufacturability, and security.

The company specializes in mixed-signal design and is known for its ability to integrate new designs quickly and cost-effectively. Indie Semiconductor's strengths lie in delivering high-volume production, with millions of units shipped monthly. The firm's impressive growth trajectory is supported by its cutting-edge technologies and strategic market positioning.

Empowering the Autotech revolution, indie Semiconductor offers next-generation automotive semiconductors and software platforms. The company's products focus on edge sensors for advanced Driver Assistance Systems (ADAS), including LiDAR, connected car solutions, user experience enhancements, and electrification applications. These technologies are vital to the development of electric and autonomous vehicles, providing advanced user interfaces that seamlessly connect in-cabin experiences to mobile platforms.

Geographically, indie Semiconductor generates the majority of its revenue from Greater China, while also having significant market presence in the United States, Europe, South Korea, and other regions. Their rapid growth is driven by robust demand for their innovative solutions that are shaping the future of the automotive industry.

News

indie Semiconductor Achieves Record Fourth Quarter and 2023 Results

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indie Semiconductor, Inc. (INDI) reports impressive Q4 revenue of $70.1M, up 112% YoY and 16% sequentially, with a non-GAAP gross margin of 52.7%. Full-year 2023 revenue reaches $223.2M, up 101% YoY. The company extends its ADAS, User Experience, and EV Design Win Pipeline, positioning itself as an Autotech solutions innovator.
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Avnet and indie Semiconductor Enter Global Distribution Agreement

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indie Semiconductor, Inc. (Nasdaq: INDI) has signed a distribution agreement with Avnet, a global technology distributor, to expand the global availability of indie's semiconductor product portfolio. This partnership aims to leverage Avnet's market reach and support capabilities to accelerate the distribution of indie's innovative solutions, which cater to automotive megatrends such as Driver Safety and Automation, In-cabin User Experience, and Electrification. The agreement includes indie's USB power delivery, intelligent lighting, motor control, ultrasonic, and 120GHz radar sensing silicon solutions, with plans to introduce additional product lines in the future. Both indie Semiconductor and Avnet express enthusiasm for the collaboration, highlighting the potential to bring value to customers across global automotive development regions.
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indie Promotes Key Senior Management

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Indie Semiconductor, Inc. (Nasdaq: INDI) announced the promotion of senior executives to drive market outperformance and create an Autotech powerhouse. Peter Gulden appointed Executive Vice President of Radar Systems and Software, bringing global expertise in radar systems engineering. Dr. Gulden has an extensive background in radar sensor technology for automotive and industrial markets. Abhay Rai appointed Chief Product Officer, with a focus on expanding indie's footprint in the driver assistance segment. Michael Wittmann appointed Chief Operating Officer, bringing a strong and competitive product roadmap to achieve operational excellence.
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indie Semiconductor Sets Date for Fourth Quarter and 2023 Earnings Release and Conference Call

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indie Semiconductor (Nasdaq: INDI) will hold a conference call to discuss its Q4 2023 results and business outlook on February 22, 2024. The press release will be available on indie's website and Business Wire. The call can be accessed via internet or telephone, with a replay available until March 7, 2024.
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Ficosa and indie Semiconductor Partner on AI-based Automotive Camera Solutions for Enhanced Safety

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Indie Semiconductor, Inc. (Nasdaq: INDI) and Ficosa have entered a joint global commercialization agreement to develop and commercialize automotive camera solutions deploying neural network-based (NN) artificial intelligence (AI) processing. The partnership aims to deliver best-in-class imaging and detection to support the latest automotive safety regulations. The first smart camera solutions are expected to sample in 2024 with full-scale production by 2025.
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indie Semiconductor to Participate at Upcoming Investor Events

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indie Semiconductor (Nasdaq: INDI) Announces Participation in Upcoming Investor Conferences and Events
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indie Semiconductor Exceeds Q3 2023 Growth Expectations

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INDI Delivers Q3 Revenue of $60.5M, up 101% YoY and 16% Sequentially, Expands Non-GAAP Gross Margin to 52.7%, Raises Strategic Backlog to $6.3B, and Guides Q4 2023 Revenue to $70M-$75M
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indie Semiconductor Completes Exchange Offer and Consent Solicitation and Notice to Exercise Right to Exchange Remaining Outstanding Warrants

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indie Semiconductor, Inc. has completed its exchange offer and consent solicitation for its outstanding warrants. The company issued 7,027,517 shares of Class A common stock in exchange for the tendered warrants. The remaining untendered warrants will be exchanged at a ratio of 0.2565 shares of Class A common stock for each warrant. The warrants are expected to be suspended from trading and delisted.
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indie Semiconductor Launches Breakthrough Computer Vision Processor

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indie Semiconductor expands its automotive camera video processor portfolio with the release of iND87540, a highly integrated system-on-chip that enables viewing and sensing capability at the vehicle's edge. The SoC provides computer vision processing for ADAS functions and is designed to meet the needs of mass market deployments. Shipments of automotive ECUs incorporating vision-based processing are expected to grow from 232 million units in 2022 to nearly 400 million units by 2027.
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indie Semiconductor Announces Expiration and Results of Exchange Offer and Consent Solicitation Relating to its Warrants

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indie Semiconductor, Inc. has announced the expiration and results of its exchange offer and consent solicitation for its outstanding warrants. Approximately 89.8% of the warrants were validly tendered and not withdrawn, and the company expects to accept all validly tendered warrants for exchange and settlement.
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FAQ

What is the current stock price of indie Semiconductor (INDI)?

The current stock price of indie Semiconductor (INDI) is $4.65 as of November 21, 2024.

What is the market cap of indie Semiconductor (INDI)?

The market cap of indie Semiconductor (INDI) is approximately 818.8M.

What does Indie Semiconductor, Inc. do?

Indie Semiconductor designs and manufactures custom microcontroller-based chips for automotive applications, reducing product cost, size, and power while enhancing reliability and security.

What markets does Indie Semiconductor serve?

The company primarily serves the automotive market, focusing on edge sensors for ADAS, connected cars, user experience, and electrification applications.

Where does Indie Semiconductor generate most of its revenue?

The majority of the company's revenue comes from Greater China, with additional sales in the United States, Europe, South Korea, and other regions.

What are the key strengths of Indie Semiconductor?

Indie's key strengths include its expertise in mixed-signal design, rapid and cost-effective integration of new designs, and high-volume production capabilities.

How does Indie Semiconductor contribute to the Autotech revolution?

Indie empowers the Autotech revolution with advanced semiconductors and software platforms for electric and autonomous vehicles, enhancing user interfaces and connectivity.

What technologies does Indie Semiconductor focus on?

The company focuses on technologies such as LiDAR, connected car solutions, advanced user interfaces, and electrification for automotive applications.

How does Indie Semiconductor's approach benefit manufacturing?

Indie's approach reduces the complexity of printed circuit boards by using a single optimized chip, resulting in lower costs, smaller sizes, and more energy-efficient products.

How many units does Indie Semiconductor ship monthly?

Indie Semiconductor ships millions of units per month, reflecting its rapid growth and high demand for its innovative products.

What is the significance of Indie Semiconductor's products?

Indie's products are crucial for the development of advanced automotive technologies, including electric and autonomous vehicles, by providing essential components and software platforms.

In which regions does Indie Semiconductor have a market presence?

Indie Semiconductor has a significant market presence in Greater China, the United States, Europe, South Korea, and other regions worldwide.

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indie Semiconductor, Inc.

Nasdaq:INDI

INDI Rankings

#2711 Ranked by Market Cap
N/A Ranked by Dividends

INDI Stock Data

818.75M
179.49M
2.36%
90.45%
16.31%
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