indie Semiconductor to sell 34.38% stake in Wuxi indie Microelectronics

indie Semiconductor has entered into an agreement to sell its 34.38% equity interest in Wuxi indie Microelectronics Technology Co., Ltd. to United Faith Auto-Engineering Co., Ltd. for RMB 960.8 million (approximately $135 million) in cash. The transaction is expected to close in late 2026.

“indie 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.”markets.financialcontent.com

• 1 source
• markets.financialcontent.comLaser Focus World - indie Enters into Definitive Agreement to Sell its Interest in Wuxi indie Microelectronicsindie SemiconductorMay 14, 2019

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