Grant Joslin's questions to indie Semiconductor Inc (INDI) leadership • Q4 2024
Question
Grant Joslin asked for more detail on business trends by geography, including channel inventory status and policy uncertainty in Europe. He also inquired about the company's expectations for contract revenue in 2025.
Answer
Donald McClymont (executive) stated that European market disruption is mainly due to legacy OEMs losing share to Chinese competitors, while U.S. tariff uncertainty is the most significant macro factor. He noted indie's channel inventory has mostly cleared. Kanwardev Raja Singh Bal (executive) added that contract revenue is expected to continue its downward trend over time as the company focuses more on standard products.