indie Semiconductor Inc. Enters Non-Binding Agreement to Potentially Sell Stake in Wuxi to United Faith

Reuters
05-20
indie Semiconductor Inc. Enters Non-Binding Agreement to Potentially Sell Stake in Wuxi to United Faith

indie Semiconductor, Inc., through its subsidiary Ay Dee Kay LLC, has entered into a non-binding agreement with United Faith Auto-Engineering Co., Ltd. to potentially sell its 34.38% equity interest in Wuxi indie Microelectronics Technology Co., Ltd. The transaction, announced on May 19, 2025, is subject to negotiation, execution of definitive agreements, due diligence, and regulatory approvals. United Faith has simultaneously disclosed its intention to acquire all outstanding shares of Wuxi, having reached non-binding agreements with all Wuxi stockholders. Further details can be found in indie's filings with the U.S. Securities Exchange Commission.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. indie Semiconductor Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-026609), on May 19, 2025, and is solely responsible for the information contained therein.

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