# indie Semiconductor to sell stake in Wuxi indie Microelectronics for $135 million

indie Semiconductor has entered into an Asset Purchase Agreement with United Faith Auto-Engineering Co., Ltd. to sell its entire 34.38% equity interest in Wuxi indie Microelectronics Technology Co., Ltd. for RMB 960,834,355 (approximately $135 million) in cash. The transaction is expected to close in late 2026.

- Type: Acquisition
- Announced: 2025-10-28
- Where: Wuxi, China
- Value: $135.0M
- Status: announced
- Products: semiconductors for automotive
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [indie Semiconductor](https://endata.com/companies/39192.md)
- [United Faith Auto-Engineering](https://endata.com/companies/39193.md) (acquirer)
- [Wuxi indie Microelectronics Technology](https://endata.com/companies/39194.md) (target)

## Sources

- [business.woonsocketcall.com](http://business.woonsocketcall.com/woonsocketcall/article/bizwire-2025-10-28-indie-enters-into-definitive-agreement-to-sell-its-interest-in-wuxi-indie-microelectronics), 2025-10-28: "indie today announced it has entered into an Asset Purchase Agreement with United Faith Auto-Engineering Co., Ltd. to sell its entire 34.38% outstanding equity interest in Wuxi indie Microelectronics Technology Co., Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.