indie Semiconductor Inc. has entered into an Asset Purchase Agreement to sell its entire 34.38% equity interest in Wuxi indie Microelectronics Technology Co., Ltd. to United Faith Auto-Engineering Co., Ltd., a publicly-listed company in China. United Faith will acquire indie's stake in Wuxi for RMB 960,834,355, or approximately $135 million in cash. The transaction is expected to close in late 2026, subject to customary closing conditions, including shareholder and regulatory approvals. According to the company, the sale aligns with indie's strategic focus on higher-value ADAS and automated driver and safety solutions, while maintaining its presence in the Chinese market through established local sales channels.
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 Business Wire (Ref. ID: 20251028230536) on October 28, 2025, and is solely responsible for the information contained therein.