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.
indie Semiconductor (Nasdaq: INDI) announced a conference call on November 10, 2022, at 5:00 p.m. Eastern time to discuss its third quarter 2022 results and future outlook. The earnings press release will be available after market close on the same day. Investors can access the call via the Internet or telephone, with replay options available until November 24, 2022. indie focuses on automotive semiconductors and software, enhancing the Autotech revolution with advanced sensors for electric and autonomous vehicles.
indie Semiconductor (Nasdaq: INDI) has announced participation in key investor conferences, showcasing its position in the Autotech sector. Management, including CEO Donald McClymont and CFO Thomas Schiller, will attend the Jefferies Summit on August 30, 2022, in Chicago, the Deutsche Bank 2022 Technology Conference on September 1, 2022, in Las Vegas, and a KeyBanc Non-Deal Roadshow on September 8, 2022, in New York. Their attendance highlights indie's commitment to advancing automotive semiconductor and software solutions.
indie Semiconductor, Inc. (Nasdaq: INDI) reported second quarter revenue of $25.8 million, a surge of 181% year-over-year and 17% sequentially, exceeding estimates. Non-GAAP gross margin improved to 48.6%, up 650 basis points year-over-year. Despite an operating loss of $30 million on a GAAP basis, the company anticipates Q3 revenue growth of 140-150% year-over-year, aiming for an annualized run-rate of $120 million. The firm highlights strong demand for Autotech solutions and ongoing R&D investments, targeting profitability in the latter half of next year.
indie Semiconductor (Nasdaq: INDI) supports the U.S. Senate's progress on the CHIPS Act, which aims to allocate over $50 billion for semiconductor manufacturing and R&D incentives. The Act includes a 25% tax credit for semiconductor facilities, enabling growth for fabless and integrated device manufacturers. CEO Donald McClymont emphasized the benefits for indie, including enhanced hiring plans and improved supply chain flexibility. The next steps include final Senate approval and a vote in the House of Representatives before submission to President Biden for signing.
indie Semiconductor has inaugurated its new engineering center of excellence (CoE) in
Now employing over 30 staff, it contributes to a growing EMEA engineering team exceeding 100 engineers. This expansion aligns with the company's strategy to establish a strong presence in Europe, which accounts for 20% of global automotive production.
indie Semiconductor (Nasdaq: INDI) announced a conference call on August 11, 2022, at 5:00 p.m. Eastern time to discuss its Q2 2022 results and future outlook. The earnings press release will be issued after the market closes on the same day and can be accessed via their website. Investors can participate through the Internet or by calling designated numbers. A replay will be available from 8:00 p.m. Eastern time on August 11 until August 25. indie specializes in advanced automotive semiconductors and software platforms for the evolving Autotech industry.
indie Semiconductor (Nasdaq: INDI) has launched the iND87300, a dual-channel USB Power Delivery IC designed for in-cabin vehicle charging systems. This innovative solution reduces component count and complexity while enhancing reliability, delivering up to 60W per channel with optimized power sharing. Currently sampling, it complies with stringent AEC-Q100 Grade 1 standards and supports multiple USB configurations. High-volume production is expected to ramp up in Q1 2023, addressing the increasing demand for efficient in-vehicle charging of personal devices.
indie Semiconductor (Nasdaq: INDI) will join the Russell 2000 Index effective June 27, 2022, marking a significant milestone as the company celebrates its first anniversary as a publicly traded entity. This addition reflects indie's commitment to the growing Autotech market, aiming to broaden its investor base and enhance shareholder value. The Russell indexes, which include the 4,000 largest U.S. stocks, are benchmarks for investment strategies, with approximately $12 trillion in assets tied to them.
indie Semiconductor reported a record revenue of $22.0 million for Q1 2022, marking a 171% year-over-year increase and 16% sequential growth. Non-GAAP gross margin expanded to 47.4%, exceeding prior guidance. Despite an operating loss of $34.3 million on a GAAP basis, the company anticipates strong growth, projecting a revenue run-rate exceeding $100 million in Q2 2022. With a focus on automotive megatrends, indie aims for profitability in the second half of next year, supported by strategic product developments and strong order visibility.
indie Semiconductor has appointed Chet Babla as Senior Vice President of Strategic Marketing, aimed at expanding partnerships with Tier 1 automotive customers and enhancing product development. Babla, with over 25 years of experience in the tech industry, previously led Arm’s Automotive Line of Business, focusing on automotive applications. His expertise is expected to drive indie's growth in ADAS and electrification applications, positioning the company to capitalize on advances in automotive technology.
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