indie Semiconductor, Inc. - Class A Common Stock (INDI)

GlobalFoundries stock rises as the company partners with indie Semiconductor to develop advanced radar SoCs for automotive safety systems.

indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has announced a strategic collaboration with GlobalFoundries (Nasdaq: GFS) (GF) to develop its portfolio of high-performance radar systems-on-chip (SoC). These SoC’s - manufactured on GF’s 22FDX® platform - will target 77 GHz and 120 GHz radar applications for advanced driver assistance systems (ADAS) and adjacent industrial applications. Automotive radar adoption is being accelerated by global vehicle safety regulation, new car assessment programs, and consumer demand for convenience features. As a result, new vehicles will feature at least four radar sensors, and this is expected to double in next-generation platforms to meet the growing use cases.

indie Semiconductor, Inc. (Nasdaq: INDI), an automotive solutions innovator, today announced fourth quarter results for the period ended December 31, 2024. Fourth quarter 2024 revenue increased 7.5% sequentially to $58.0 million, at the mid-point of the outlook with Non-GAAP gross margin sequentially flat at 50.4 percent. On a GAAP basis, fourth quarter 2024 operating loss was $33.9 million compared to $21.6 million a year ago. Non-GAAP operating loss for the fourth quarter of 2024 was $14.2 million, versus $2.4 million during the same period last year. Fourth quarter 2024 GAAP loss per share was $0.18, while Non-GAAP loss per share was $0.07.

indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, plans to conduct a conference call with analysts to discuss its fourth quarter 2024 results and business outlook on February 20, 2025 at 5:00 p.m. Eastern time.

The chip specialist is selling new convertible debt notes, and the stock is wilting due to their potentially dilutive impact.

indie Semiconductor, Inc. (“indie” or “we”) (NASDAQINDI), an automotive solutions innovator, today announced the pricing of its offering of $190 million aggregate principal amount of its 3.50% Convertible Senior Notes due 2029 (the “notes”) through a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from the originally announced offering of $175 million aggregate principal amount of notes. indie has also granted the initial purchasers in the offering an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $28.5 million aggregate principal amount of notes. The offering is expected to close on December 6, 2024, subject to customary closing conditions.

indie Semiconductor, Inc. (“indie” or “we”) (NASDAQINDI), an automotive solutions innovator, today announced that it plans to offer, subject to market and other conditions, $175 million aggregate principal amount of its Convertible Senior Notes due 2029 (the “notes”) through a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). indie expects to grant the initial purchasers in the offering an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $26.25 million aggregate principal amount of notes.

The S&P reached a new all-time high, showing that the market rally is likely to have legs into 2025;here are highlights from a short trading week

indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has launched a system basis safety integrated chip (IC) solution for vehicle powertrain applications. Developed in close partnership with a leading European Tier 1 automotive system integrator, the IC provides critical safety monitor and supervision functionality for mission-critical powertrain operation.

Indie Semiconductor is an exciting chip stock working to progress the field of autonomous driving. Wall Street is bullish on the stock, seeing +70% upside.

indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has extended its photonics offering with the addition of in-house photonics integration, packaging and system test capabilities. By combining a class-leading optical component portfolio through indie’s prior acquisitions of TeraXion and EXALOS, with the latest in-house advanced automated assembly, packaging and optical test capabilities, indie can now offer customers complete photonics sub-systems for rapid solution evaluation, pre-production validation, and low volume production. This strategic capability supports automotive and mobility applications including Advanced Driver Assistance System (ADAS) sensing, head-up displays, gyroscopes, and several adjacent industrial segments which also mandate similar precision, quality and reliability performance as the automotive sector.

indie Semiconductor, Inc. (Nasdaq: INDI), an automotive solutions innovator, today announced third quarter results for the period ended September 30, 2024. Third quarter 2024 revenue increased 3.1% sequentially to $54.0 million, above the mid-point of the outlook with Non-GAAP gross margin up sequentially to 50.4 percent. On a GAAP basis, third quarter 2024 operating loss was $49.9 million compared to $136.2 million a year ago. Non-GAAP operating loss for the third quarter of 2024 was $16.8 million, versus $13.0 million during the same period last year. Third quarter 2024 GAAP loss per share was $0.28, while Non-GAAP loss per share was $0.09.