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Indie Semiconductor Is Profiting From Auto Chip Shortage, CEO Says
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indie Semiconductor Appoints David J. Aldrich to its Board of Directors
January 25, 2021 GMT
ALISO VIEJO, Calif. (BUSINESS WIRE) Jan 25, 2021
indie, an Autotech semiconductor and software innovator which is currently in the process of becoming a public company through a planned merger with Thunder Bridge Acquisition II (Nasdaq: THBR), a special purpose acquisition company, today announced that the Company has appointed David J. Aldrich to its board of directors. Aldrich currently serves as chairman of the board of Skyworks Solutions, Inc., a leading supplier of high-performance mobile communications solutions. He was Skyworks’ executive chairman from May 2016 to May 2018. Prior to his appointment as executive chairman, Aldrich served as Skyworks’ chief executive officer, a position he held since 2002, when the company was created via a merger between Alpha Industries and Conexant Sy
Automotive Chip Company Agrees to SPAC Deal
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indie Semiconductor Enters Definitive Merger Agreement with Thunder Bridge Acquisition II, Ltd.
indie Semiconductor Enters Definitive Merger Agreement with Thunder Bridge Acquisition II, Ltd. indie Semiconductor, a next generation automotive semiconductor and software innovator, and Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR), a special purpose acquisition company, today announced they have entered into a definitive agreement for a business combination that would result in the combined entity continuing as a publicly listed company. Upon closing of the transaction, the combined operating entity will be named indie Semiconductor, Inc. and will be listed on the Nasdaq Stock Market under the ticker symbol INDI. The transaction reflects an implied equity value for the combined company of roughly $1.4 billion.
indie Semiconductor to merge with Thunder Bridge Acquisition II
indie Semiconductor, a company focused on next generation automotive semiconductors, and Thunder Bridge Acquisition II, a special purpose acquisition company, have entered into a definitive agreement for a business combination that would result in the combined entity continuing as a publicly listed company.
Upon closing of the transaction, the combined operating entity will be named indie Semiconductor, Inc. and will be listed on the Nasdaq Stock Market. The transaction reflects an implied equity value for the combined company of roughly USD 1.4 billion.
indie is knee-deep in trends spanning ADAS/Autonomous, Connectivity, User Experience and Vehicle Electrification. Today, indie’s automotive semiconductor portfolio addresses a USD 16 billion market, according to IHS, which is expected to exceed USD 38 billion by 2025 driven by strong demand for silicon and software content in automobiles.
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