Anthony Stoss

Cody Acree

Craig Ellis

Ross Seymore

Jon Tanwanteng

Sujeeva De Silva

Cody Grant Acree

Grant Joslin

Jonathan Tanwanteng

Mayur Popuri

Suji Desilva

- indie Semiconductor, Inc. (INDI) entered into an Asset Purchase Agreement on **October 27, 2025**, to sell its **entire 34.38% equity interest in Wuxi indie Microelectronics Technology Co., Ltd.** to United Faith Auto-Engineering Co., Ltd..  **[1841925_0001213900-25-102817_ea026206501ex99-1_indie.htm:0]** **[1841925_0001213900-25-102817_ea0262065-8k_indie.htm:1]** 
- The purchase price for indie's interest is **RMB 960,834,355, or approximately $135 million**, payable in cash.  **[1841925_0001213900-25-102817_ea026206501ex99-1_indie.htm:0]** **[1841925_0001213900-25-102817_ea0262065-8k_indie.htm:1]** **[1841925_0001213900-25-102817_ea026206501ex2-1_indie.htm:2]** 
- The transaction is subject to customary closing conditions, including shareholder approval from United Faith and all required regulatory approvals, and is **expected to close in late 2026**.  **[1841925_0001213900-25-102817_ea026206501ex99-1_indie.htm:0]** **[1841925_0001213900-25-102817_ea0262065-8k_indie.htm:1]** 
- For the three and six months ended June 30, 2025, Wuxi accounted for **42% and 38% of indie's consolidated revenue**, respectively, and approximately **10% of consolidated operating expenses** for each period.  **[1841925_0001213900-25-102817_ea0262065-8k_indie.htm:2]**

indie Semiconductor Announces Agreement to Sell Interest in Wuxi Microelectronics

- indie (INDI) has entered into a definitive Asset Purchase 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** in cash.  **[1841925_7ae9515c61fc4dbb9b97321e48bba77e_0]** 
- The transaction is subject to customary closing conditions, including shareholder and regulatory approvals, and is expected to close in **late 2026**.  **[1841925_7ae9515c61fc4dbb9b97321e48bba77e_0]** 
- This sale aligns with indie's strategic progression to focus on higher-value **ADAS and automated driver and safety solutions**.  **[1841925_7ae9515c61fc4dbb9b97321e48bba77e_0]** 
- Until closing, Wuxi's operations will be reported as discontinued operations, and its financial results will be deconsolidated from indie's future consolidated financial statements upon closing.  **[1841925_7ae9515c61fc4dbb9b97321e48bba77e_0]**

indie Enters Agreement to Sell Interest in Wuxi indie Microelectronics

- INDI Semiconductor projects its total addressable market (SAM) to grow from **$19 billion in 2021** to **$40 billion by 2026**, driven by automotive megatrends.  **[0001841925_2204928:9]** **[0001841925_2204928:12]** 
- The company has a **$2.6 billion strategic backlog** and had shipped **over 140 million devices** into Automotive Tier 1s by 2021.  **[0001841925_2204928:9]** **[0001841925_2204928:12]** 
- INDI is capitalizing on disruptive automotive trends like UX/Connectivity, ADAS/AV, and EV, enhanced by acquisitions such as **TeraXion** for LIDAR and **ON Semiconductor** and **Symeo** for Radar solutions.  **[0001841925_2204928:10]** **[0001841925_2204928:11]**

INDI Semiconductor Highlights Automotive Market Opportunity and Strategic Growth

indie Semiconductor (INDI)