Indie Semiconductor Agrees to Sell Stake in Wuxi indie Microelectronics Technology

Dow Jones

20 May

By Kelly Cloonan

Indie Semiconductor has agreed to sell up to all of its 34% stake in Chinese subsidiary Wuxi indie Microelectronics Technology to United Faith Auto-Engineering.

The companies entered into a non-binding agreement on Monday, according to a filing with the Securities and Exchange Commission.

United Faith, a China-based industrial automation and equipment company, also entered into non-binding agreements with every other stockholder of Wuxi to acquire all outstanding shares of the company, according to a filing with the Shenzhen Stock Exchange.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

May 19, 2025 18:17 ET (22:17 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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