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Indie Semiconductor To Acquire Teraxion

PUBLIC · INDIAug 31, 2021

Acquiring Company

indie Semiconductor

Acquired Company

TeraXion

Aliso ViejoManufacturingSoftwareAutomotiveManufacturingInformation TechnologyMessaging And Telecommunications

Description

indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced it has signed a definitive agreement to purchase TeraXion Inc., a market leader in the design and manufacture of innovative photonic components. This acquisition accelerates indie’s vision of becoming a semiconductor and software level solutions provider for multiple sensor modalities spanning advanced driver-assistance systems (ADAS) and autonomous vehicles.

Quick answer

indie Semiconductor is acquiring TeraXion, announced August 31, 2021. indie Semiconductor is based in Aliso Viejo, California, United States.

How much did indie Semiconductor pay for TeraXion?
The deal value was not disclosed.
What does indie Semiconductor do?
indie Semiconductor, Inc. operates in the semiconductor industry, focusing on developing innovative software and hardware solutions for automotive applications.
Where are indie Semiconductor and TeraXion based?
indie Semiconductor is based in Aliso Viejo, California, United States.
Who are the decision-makers at indie Semiconductor?
Fundz holds 1 contact at indie Semiconductor. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

indie Semiconductor

Location

32 JOURNEY

Aliso Viejo, California, United States

About

indie Semiconductor, Inc. operates in the semiconductor industry, focusing on developing innovative software and hardware solutions for automotive applications. The company is engaged in the design and manufacturing of semiconductor products that enhance automotive functionality and safety. In particular, indie has a subsidiary, Ay Dee Kay LLC, which has been involved in the sale of equity interest in Wuxi indie Microelectronics Technology Co., Ltd., a Chinese entity, as part of a strategic realignment. The company is headquartered in Delaware and its recent business activities include a significant asset sale aimed at restructuring its operations to better serve the automotive market. This transaction, valued at approximately $135 million, indicates indie's focused strategy on maximizing value through asset management and partnerships within the automotive semiconductor sector.

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Frequently asked

Who acquired TeraXion?

TeraXion was acquired by indie Semiconductor, based in Aliso Viejo. The deal was reported on August 31, 2021. indie Semiconductor, Inc. operates in the semiconductor industry, focusing on developing innovative software and hardware solutions for automotive applications. indie Semiconductor is publicly traded (INDI) and operates in Manufacturing.

When did indie Semiconductor acquire TeraXion?

indie Semiconductor's acquisition of TeraXion was reported on August 31, 2021. indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced it has signed a definitive agreement to purchase TeraXion Inc., a market leader in the design and manufacture of innovative photonic components. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does TeraXion do?

TeraXion is a leader in the design and manufacturing of innovative, high-end components incorporating low noise lasers, Bragg gratings and integrated photonics. It is privately held, operating in Manufacturing.

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