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Evertiq - indie Semi and Thunder Bridge Acquisition II closes busin
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indie Semiconductor Goes Public Via SPAC
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Thunder Bridge Acquisition s Charts Look Familiar I ve seen this pattern on a number of SPACs since February. Stocks quotes in this article: THBR
For his second Executive Decision segment of
Mad Money Wednesday night, Jim Cramer spoke with Donald McClymont, chairman and CEO of Indie Semiconductor, the automobile chipmaker that will soon be merging with Thunder Bridge Acquisition (THBR) , a special purpose acquisition company, or SPAC.
Indie will trade under the ticker INDI.
McClymont explained that Indie was built slowly and carefully over the past 10 years. It takes a long time to establish yourself in the auto business, he said, and they have already done the hard work. There s a big backlog of products to build, which is why Indie is entering the public market to fund their expansion.
Whereas others are struggling, we ve actually really profited, he said in a Mad Money interview.
McClymont s comments came after Ford Motor announced earlier in the day it would cut back on car production at multiple North American plants as the industry grapples with a global chip shortage. Demand for semiconductors has spiked during the Covid-19 pandemic as consumers buy more electronics for their homes. Semiconductors are used in a range of consumer products, including phones, computers and increasingly electrified automobiles.
Indie Semiconductor, which is based in Aliso Viejo, California, makes next-generation chips and software for the automobile industry. It supplies chips for applications including advanced driver-assistance and autonomous systems, connected driving, user experience and vehicle electrification.
Press release content from Business Wire. The AP news staff was not involved in its creation.
indie Semiconductor CEO Appears on CNBC’s Mad Money
April 1, 2021 GMT
ALISO VIEJO, Calif. (BUSINESS WIRE) Apr 1, 2021
indie Semiconductor, an Autotech solutions innovator which is currently in the process of becoming a public company through a planned merger with Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR), a special purpose acquisition company, announced that Donald McClymont, its CEO and co-founder, was interviewed by Jim Cramer on CNBC’s Mad Money which aired on March 31, 2021. Cramer and McClymont discussed Autotech dynamics and how indie is positioned to capitalize on the strategic market opportunity.
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