Mayur Popuri's questions to indie Semiconductor Inc (INDI) leadership • Q4 2024
Question
Mayur Popuri, on for Craig Ellis, asked for an update on the OpEx management program and whether the bulk of reductions were complete. He also questioned if the impacts from geopolitics and tariffs were short-term or if they posed broader challenges to long-term design-ins, particularly in China.
Answer
Kanwardev Raja Singh Bal (executive) clarified that more OpEx reductions are planned, with an additional $1 million to $2 million in run-rate reductions expected by late 2025. Donald McClymont (executive) characterized the tariff impact as short-term turbulence causing OEM planning uncertainty, noting that indie's supply chain (China-for-China) is structured to mitigate direct impacts and that long-term design-ins are not currently affected.