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.
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