indie Semiconductor, Inc. Enters into Asset Purchase Agreement for Wuxi indie Microelectronics

On October 27, 2025, indie Semiconductor, Inc. ("indie") entered into an Asset Purchase Agreement with United Faith Auto-Engineering Co., Ltd. ("United Faith") to sell its 34.38% equity interest in Wuxi indie Microelectronics Technology Co., Ltd. ("Wuxi") for approximately $135 million. The transaction is subject to closing conditions, including shareholder and regulatory approvals. Wuxi accounted for 42% and 38% of indie's consolidated revenue for the three and six months ended June 30, 2025, respectively. Upon completion, indie will deconsolidate Wuxi's financial results and recognize a pre-tax gain or loss. The agreement includes customary representations, warranties, and covenants, and may be terminated under certain conditions, including failure to obtain necessary approvals within 18 months.