indie Semiconductor to sell 34.38% stake in Wuxi indie Microelectronics to United Faith for $135M

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 approximately $135 million. The transaction is expected to close in late 2026.

“As indie continues to redefine its vision, with a strong focus on transitioning to higher-value ADAS and automated driver and safety solutions, the sale of Wuxi represents another positive step in our strategic progression.”markets.financialcontent.com

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• markets.financialcontent.comUpcoming Events - indie Enters into Definitive Agreement to Sell its Interest in Wuxi indie Microelectronicsindie SemiconductorJun 30, 2023

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