---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-004590"
form_type: "8-K"
ticker: "INDI"
cik: "0001841925"
company_name: "indie Semiconductor, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:26:59.964812+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Indie Semiconductor acquires Silicon Radar GmbH for $9M cash and ~980k shares

## Summary
- Acquisition consideration: $9M cash + ~980k shares of Class A common stock; earn-out based on revenue/design-win milestones through Dec 2024.
- Adds Silicon Radar's 120 GHz radar SoC technology, described as industry's first production-ready 120 GHz solution for in-cabin and exterior sensing.
- Silicon Radar brings 14 expert mixed-signal designers and 10 radar-related patents; based in Frankfurt an der Oder, Germany.
- Radar ECU market expected to grow from 138M units in 2023 to 293M by 2028, creating $6B semiconductor opportunity.
- Financial impact expected to be neutral to previously forecasted R&D investment levels.

## SEC filing metadata
- accession: 0001628280-23-004590
- form_type: 8-K
- ticker: INDI
- cik: 0001841925
- company_name: indie Semiconductor, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841925/000162828023004590/0001628280-23-004590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841925/000162828023004590/indi-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-004590
- JSON: https://secwatch.observer/filing/0001628280-23-004590.json
- Plain text: https://secwatch.observer/filing/0001628280-23-004590.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.