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 has launched its Surya™ LiDAR system-on-a-chip, designed to enhance advanced driver assistance systems (ADAS) and facilitate autonomous driving. This innovative LiDAR technology significantly reduces power consumption and costs compared to current FPGA designs. The Surya™ integrates high-speed analog-to-digital converters and digital signal processing for precise long-range target detection. The company aims to meet growing demand for comprehensive ADAS solutions. The global automotive LiDAR market is projected to reach $3.2 billion by 2027, growing at a CAGR of 28% from 2020.
indie Semiconductor reported a 60% year-over-year revenue growth, reaching a record $12.2 million in Q3 2021, surpassing analyst expectations. The company anticipates 50% sequential and over 170% year-over-year growth for Q4 2021, with a projected non-GAAP gross margin of approximately 45%. Despite a GAAP operating loss of $21.3 million, non-GAAP operating loss was slightly higher at $11.5 million due to increased R&D expenses. The strategic backlog has increased to $2.6 billion. The firm aims to solidify its position in the emerging Autotech market.
indie Semiconductor has entered into a definitive agreement to acquire Symeo GmbH, the radar division of Analog Devices, enhancing its capabilities in the automotive radar market. This strategic acquisition, featuring 120 patents, aims to bolster indie's sensor technologies for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles. The global automotive radar market is projected to grow from $3.5 billion in 2019 to $7.6 billion by 2026. The financial impact of the transaction is expected to be neutral to indie's earlier investment forecasts.
indie Semiconductor (NASDAQ: INDI) is scheduled to hold a conference call on
indie Semiconductor (NASDAQ: INDI) has launched a new business unit dedicated to vision processing solutions for advanced driver-assistance systems (ADAS). The unit, led by industry veteran Ramesh Singh, aims to deliver high-quality perception-enabled products. This move is set to enhance indie's product offerings and create significant opportunities with Tier 1 automotive customers. Market research indicates a robust growth trajectory for the automotive camera market, projected to reach $7.7 billion by 2022, reflecting a CAGR of 24%. indie's innovations are expected to redefine automotive sensing solutions.
indie Semiconductor, Inc. (NASDAQ: INDI) will attend Deutsche Bank's Virtual Technology Conference on September 10, 2021. CEO Donald McClymont will present a company overview at 3:25 p.m. Eastern time. The event will be available for live webcast and archived for one week on the company's website, www.indiesemi.com.
indie focuses on advanced automotive semiconductors and software for technologies including LiDAR and connected car applications, enabling both electric and autonomous vehicles.
indie Semiconductor has signed a definitive agreement to acquire TeraXion for approximately US$159 million in cash and stock. This acquisition aims to enhance indie's capabilities in LiDAR solutions for ADAS and autonomous vehicles, promising up to 10x improvements in system performance and cost. The deal, expected to close in Q4 2021, solidifies indie's position in the growing LiDAR market, projected to reach $3.2 billion by 2027. TeraXion will contribute its innovative laser technology and patents to indie's product offerings.
Indie Semiconductor, Inc. (Nasdaq: INDI) reported record revenue of $9.2 million for Q2 2021, an increase of 148% year-over-year. Non-GAAP gross margin rose to 42.1%, while GAAP operating loss widened to $18.5 million. Non-GAAP operating loss was $9.6 million, reflecting increased R&D investments. The company highlights strong demand for its automotive semiconductor solutions, with expectations of 30% sequential revenue growth in Q3 2021 and aims to nearly double its revenue by year-end. The merger with Thunder Bridge Acquisition II was completed, enhancing market presence.
indie Semiconductor (Nasdaq: INDI) will hold a conference call to discuss its second quarter 2021 results on August 10, 2021, at 5:00 p.m. ET. Investors can access the earnings press release on the company’s website after market close on the same day. The call aims to provide insights into indie's financial performance and future outlook in the automotive semiconductor sector. This event highlights indie's focus on advanced technologies for electric and autonomous vehicles, catering to top automotive manufacturers globally.
indie Semiconductor (Nasdaq: INDI) celebrated its public listing by ringing the opening bell on the Nasdaq on June 29, 2021, following its successful merger with Thunder Bridge Acquisition II. CEO Donald McClymont expressed optimism about the company’s future, highlighting its innovative semiconductor solutions at a time of significant transformation in the automotive industry. indie has a successful history, having shipped over 100 million units, and is well-positioned with partnerships across major automotive manufacturers.
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