# 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.

- Type: Acquisition
- Announced: 2019-05-14
- Where: Wuxi, China
- Value: $135.0M (960.8M CNY)
- Status: announced
- Products: semiconductors, ADAS solutions
- 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

- [markets.financialcontent.com](https://markets.financialcontent.com/pennwell.laserfocusworld/article/bizwire-2025-10-28-indie-enters-into-definitive-agreement-to-sell-its-interest-in-wuxi-indie-microelectronics), 2019-05-14: "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."

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