Last week, the automotive software company Indie Semiconductor (NASDAQ: INDI) went public through a reverse merger with SPAC Thunder Bridge Acquisition II. The combined company’s balance sheet has $495 million in cash.
Presently, the shares of INDI are down 5.7% to $9.40, bringing the decline since its listing to approximately 12%.
Indie provides next-generation semiconductor and software solutions for the automotive technology market, including ADAS/autonomous driving, connectivity and user experience.
The SPAC merger was first announced in December last year.
Written by
Swasti Pujari
Associate Director, Backend Engineering at CoreIC Technologies, with 15+ years in VLSI Physical Design and backend engineering. Previously Practice Head at UST Global, leading Physical Design, STA, EMIR, DFT, and Physical Verification. Delivered 3nm, 6nm and 7nm projects for AMD, Intel, and Microchip, and published IEEE research on hybrid AI-EDA floorplanning.
