indie Semiconductor Signs Definitive Agreement to Divest 34.38% Stake in Wuxi indie Microelectronics for Approximately $135 Million
indie Semiconductor (Nasdaq: INDI), a leading innovator in automotive semiconductors and advanced driver-assistance system (ADAS) solutions, has announced that it has entered into a definitive Asset Purchase Agreement with United Faith Auto-Engineering Co., Ltd. (“United Faith”), a publicly listed company in the People’s Republic of China. Under the agreement, signed on October 27, 2025, indie will sell its entire 34.38% equity interest in Wuxi indie Microelectronics Technology Co., Ltd. (“Wuxi”) to United Faith.
The transaction marks a significant milestone in indie’s strategic evolution, reflecting its continued focus on accelerating growth in high-value automotive applications, particularly within ADAS, automated driving, and vehicle safety systems.
Transaction Overview
As per the terms of the agreement, United Faith will acquire indie’s full ownership stake in Wuxi for a total purchase price of RMB 960,834,355, equivalent to approximately $135 million USD, to be paid entirely in cash.
The deal remains subject to customary closing conditions, including:
- Shareholder approval from United Faith,
- Regulatory clearances from relevant Chinese authorities, and
- Compliance with applicable cross-border transaction requirements.
Upon satisfaction of these conditions, the transaction is expected to close in late 2026.
Strategic Rationale
indie’s divestiture of its equity interest in Wuxi aligns with its broader strategic roadmap, which emphasizes the company’s transition toward higher-margin automotive technologies. This includes scaling its ADAS portfolio, enhancing automated driver and safety platforms, and investing in advanced vehicle perception and connectivity systems.
“As indie continues to redefine its vision, with a strong focus on transitioning to higher-value ADAS and automated driver and safety solutions, the sale of Wuxi represents another positive step in our strategic progression,” said Mark Tyndall, Executive Vice President of Corporate Development and Investor Relations at indie.
Tyndall added, “While we exit our equity position in Wuxi, China remains an important market for indie, supported by its strong, independent, and well-established sales channel, including local regional support.”
This move will allow indie to streamline its operational focus and reinvest proceeds from the sale into areas that directly support its long-term growth priorities, including sensor fusion, vehicle autonomy, and safety electronics — all critical technologies in the next generation of intelligent vehicles.
Financial and Accounting Implications
Following the signing of the agreement, and prior to the transaction’s completion, indie will begin to treat the Wuxi business as discontinued operations within its consolidated financial statements. This accounting reclassification will occur once the company determines that the transaction satisfies the relevant criteria under applicable U.S. accounting guidance.
Once the transaction closes, indie will deconsolidate Wuxi’s financial results from its future consolidated statements. This means that Wuxi’s performance will no longer be included in indie’s overall operating results or financial reporting following completion.
Investors can refer to the Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on October 28, 2025, for detailed information on Wuxi’s historical contributions to indie’s financial performance and other transaction-specific disclosures.
Wuxi indie Microelectronics: Background
Founded as part of indie’s expansion into China’s fast-growing automotive semiconductor sector, Wuxi indie Microelectronics Technology Co., Ltd. has been instrumental in supporting local OEM and Tier 1 customers with advanced mixed-signal IC design, microcontroller, and vehicle interface solutions.
Through its presence in China, Wuxi contributed to strengthening indie’s access to one of the world’s largest and most dynamic automotive electronics markets. Over the years, the subsidiary has provided engineering, product development, and localized customer support capabilities, complementing indie’s global operations in North America, Europe, and Asia-Pacific.
The sale of Wuxi to United Faith ensures continuity for the business and its customers while enabling indie to focus its resources on core growth verticals such as ADAS, vehicle electrification, in-cabin sensing, and connectivity systems.
indie’s Strategic Focus Going Forward
indie has established itself as a key player in the automotive semiconductor industry, known for delivering highly integrated solutions across sensing, processing, and control functions. Its expanding portfolio powers innovations in collision avoidance, parking assist, lidar/radar perception, smart lighting, and in-vehicle networking.
By divesting its non-core interest in Wuxi, indie aims to sharpen its operational agility and allocate capital more effectively toward next-generation technologies that support:
- The evolution from Level 2 to Level 4 automated driving,
- Advanced driver monitoring and safety systems,
- Broader system-on-chip (SoC) and software-defined vehicle architectures, and
- Emerging opportunities in EV power management and connected car infrastructure.
This transaction underscores indie’s ongoing effort to optimize its global business portfolio, reduce complexity, and pursue sustainable growth through targeted investments and strategic partnerships.
Continued Commitment to the Chinese Market
Despite the divestiture of its Wuxi stake, indie reaffirmed its commitment to maintaining a strong presence in China, emphasizing the country’s importance as a hub for Semiconductor innovation, manufacturing, and customer collaboration in the automotive electronics industry.
indie’s independent regional sales network will continue to operate in China, providing localized technical and commercial support to its OEM and Tier 1 customers. This Semiconductor approach allows indie to remain fully engaged in one of the fastest-evolving markets for automotive semiconductor adoption.
Advisory Partners
indie was advised on the transaction by Deutsche Bank, serving as financial advisor, and by Haiwen & Partners, which acted as legal counsel.
Both firms played critical roles in structuring the transaction and ensuring compliance with international regulatory frameworks, underscoring indie’s commitment to transparency and best practices in cross-border corporate governance.
The sale of its stake in Wuxi marks another pivotal step in indie’s transformation journey — one focused on expanding its leadership in automotive intelligence and safety electronics. With proceeds from the transaction, indie is positioned to strengthen its balance sheet, fund new R&D initiatives, and pursue strategic M&A opportunities that enhance its global technology footprint.
By continuing to build on its strengths in mixed-signal SoCs, autonomous driving, and connected mobility, indie remains well aligned with the automotive industry’s accelerating shift toward smarter, safer, and more sustainable transportation systems.
About indie Semiconductor
indie Semiconductor (Nasdaq: INDI) is an automotive-grade semiconductor and software solutions provider, delivering next-generation technologies for advanced driver assistance, vehicle electrification, connectivity, and user experience. With a focus on system-level innovation, indie designs and manufactures integrated solutions that enable automakers and Tier 1 suppliers to advance the capabilities of modern vehicles.
Headquartered in Aliso Viejo, California, indie operates design and development centers across North America, Europe, and Asia, with a growing portfolio of over 300 patents and deep expertise in mixed-signal, digital, and MEMS technologies.
About indie
Headquartered in Aliso Viejo, CA, indie is empowering the automotive revolution with next generation semiconductors, photonics and software platforms. We focus on developing innovative, high-performance and energy-efficient mixed-signal SoCs and system solutions for ADAS systems in addition to adjacent industrial applications. Our sensors span all major modalities including Radar, LiDAR, Ultrasound, and Computer Vision, while our embedded system control, power management and interfacing solutions are accelerating the proliferation of automated vehicle safety features. As a global innovator, we are an approved vendor to Tier 1 partners and our solutions can be found in marquee automotive OEMs worldwide.
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