indie Semiconductor signs non-binding deal to sell 34.38% stake in Wuxi JV to United Faith

indie Semiconductor, Inc.

Indie holds 34.38% equity in Wuxi indie Microelectronics; entered non-binding agreement to sell up to all of its interest.
United Faith disclosed non-binding agreements with all Wuxi shareholders to acquire 100% of Wuxi.
Transaction subject to negotiation of definitive agreements, completion of due diligence, and regulatory approvals.
No financial terms or expected close date disclosed in the filing.

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