10/28/2025
New : indie Enters into Definitive Agreement to Sell its Interest in Wuxi indie Microelectronics
indie has entered into an Asset Purchase Agreement with United Faith Auto-Engineering Co., Ltd., a publicly-listed company in the People’s Republic of China (“United Faith”) to sell its entire outstanding equity interest in Wuxi indie Microelectronics Technology Co., Ltd., a Chinese entity (“Wuxi”) to United Faith.
“As indie continues to redefine its vision, with a strong focus on transitioning to higher-value 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. “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,” added Tyndall.
For more information, please read the press release here: https://investors.indie.inc/news/news-details/2025/indie-Enters-into-Definitive-Agreement-to-Sell-its-Interest-in-Wuxi-indie-Microelectronics/default.aspx