indie sells 34.38% stake in Wuxi JV for ~$135M cash; expects closing late 2026

indie Semiconductor, Inc.

Definitive agreement to sell entire 34.38% equity interest in Wuxi to United Faith for RMB 960.8M (~$135M) cash.
Wuxi accounted for 42% of indie's consolidated revenue in Q2 2025; will be deconsolidated after closing.
Transaction subject to United Faith shareholder approval and Chinese regulatory clearance; expected close in late 2026.
Prior non-binding agreement announced in May 2025; boards of both companies approved definitive agreement.
Management calls sale a positive step as indie focuses on higher-value ADAS and safety solutions.

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