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indie Semiconductor, Inc. - $INDI STOCK NEWS

Welcome to our dedicated page for indie Semiconductor news (Ticker: $INDI), a resource for investors and traders seeking the latest updates and insights on indie Semiconductor stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect indie Semiconductor's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of indie Semiconductor's position in the market.

News
indie Semiconductor to Participate at Upcoming Investor Events
Rhea-AI Summary
indie Semiconductor (Nasdaq: INDI) Announces Participation in Upcoming Investor Conferences and Events
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
Tags
conferences
-
News
indie Semiconductor Exceeds Q3 2023 Growth Expectations
Rhea-AI Summary
INDI Delivers Q3 Revenue of $60.5M, up 101% YoY and 16% Sequentially, Expands Non-GAAP Gross Margin to 52.7%, Raises Strategic Backlog to $6.3B, and Guides Q4 2023 Revenue to $70M-$75M
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.17%
Tags
earnings
-
News
indie Semiconductor Completes Exchange Offer and Consent Solicitation and Notice to Exercise Right to Exchange Remaining Outstanding Warrants
Rhea-AI Summary
indie Semiconductor, Inc. has completed its exchange offer and consent solicitation for its outstanding warrants. The company issued 7,027,517 shares of Class A common stock in exchange for the tendered warrants. The remaining untendered warrants will be exchanged at a ratio of 0.2565 shares of Class A common stock for each warrant. The warrants are expected to be suspended from trading and delisted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.44%
Tags
none
News
indie Semiconductor Launches Breakthrough Computer Vision Processor
Rhea-AI Summary
indie Semiconductor expands its automotive camera video processor portfolio with the release of iND87540, a highly integrated system-on-chip that enables viewing and sensing capability at the vehicle's edge. The SoC provides computer vision processing for ADAS functions and is designed to meet the needs of mass market deployments. Shipments of automotive ECUs incorporating vision-based processing are expected to grow from 232 million units in 2022 to nearly 400 million units by 2027.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
none
-
News
indie Semiconductor Announces Expiration and Results of Exchange Offer and Consent Solicitation Relating to its Warrants
Rhea-AI Summary
indie Semiconductor, Inc. has announced the expiration and results of its exchange offer and consent solicitation for its outstanding warrants. Approximately 89.8% of the warrants were validly tendered and not withdrawn, and the company expects to accept all validly tendered warrants for exchange and settlement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
none
-
News
indie Semiconductor Announces New Employee Inducement Grants
Rhea-AI Summary
indie Semiconductor grants equity awards to new employees following acquisition of EXALOS AG
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.3%
Tags
management
News
indie Semiconductor Provides Preliminary Revenue Outlook and Sets Date for Third Quarter 2023 Earnings Release
Rhea-AI Summary
Indie Semiconductor expects Q3 2023 revenue to be above $60 million, slightly higher than guidance. They have scheduled a conference call to discuss financial results and business outlook on November 9, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.48%
Tags
earnings
-
News
indie Semiconductor Extends Warrant Exchange Offer and Consent Solicitation
Rhea-AI Summary
Indie Semiconductor extends its exchange offer and consent solicitation for outstanding warrants until October 20, 2023. Approximately 32% of outstanding warrants have agreed to tender their warrants and consent to the warrant amendment. If additional holders of approximately 18% of the outstanding warrants consent to the amendment, it will be adopted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
none
-
News
indie Semiconductor Commences Warrant Exchange Offer and Consent Solicitation
Rhea-AI Summary
indie Semiconductor, Inc. has commenced an exchange offer and consent solicitation to simplify its capital structure and reduce dilution. The Company is offering 0.285 shares of Class A common stock for each outstanding warrant tendered, with a total of 7,808,968 shares available for exchange. Approximately 32% of outstanding warrants have agreed to tender, and if an additional 18% consent to the Warrant Amendment, it will be adopted. The offering period ends on October 19, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.56%
Tags
none
News
indie Semiconductor Acquires EXALOS AG
Rhea-AI Summary
indie Semiconductor acquires EXALOS AG, expanding its ADAS and User Experience portfolio with breakthrough technologies. The acquisition is expected to be financially neutral in 2023 and accretive in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
Tags
acquisition
Stock INDI logo
indie Semiconductor, Inc.

Nasdaq:INDI

INDI Rankings

#2439 Ranked by Market Cap
#4123 Ranked by Stock Gains
N/A Ranked by Dividends

INDI Stock Data

995.19M
141.85M
6.48%
81.42%
13.91%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
ALISO VIEJO

About INDI

indie designs and manufactures custom, microcontroller-based chips, using arm cores. we replace most of the contents of a printed circuit board with a single, optimal chip designed specifically for your application. this reduces the product cost, size and power compared with solutions based around standard, off-the-shelf components. reliability, manufacturability and security are all increased. aside from its skills in mixed signal design, indie's strengths are the way we can stitch new designs together quickly and cheaply, allowing applications to get the benefits of system-on-chip technology without the normal downsides. we have multiple designs in production and ship volumes of million-plus units per month and are growing fast.