# 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.

- Type: Acquisition
- Announced: 2023-06-30
- Where: Wuxi, China
- Value: $135.0M
- Status: announced
- Products: semiconductors, photonics, software platforms
- 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.elp/article/bizwire-2025-10-28-indie-enters-into-definitive-agreement-to-sell-its-interest-in-wuxi-indie-microelectronics), 2023-06-30: "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."

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