CEO, INDIE SEMICONDUCTOR, ALISO VIEJO
Auto-focused technology company’s offerings include semiconductors and related software. Its “system-onchip” products are used in driver assistance systems that help with parking and collision avoidance, onboard entertainment systems, lighting and car key products, as well as backup and forward cameras used to avoid driving errors.
THEN: Formed in 2007, Indie shipped its 100 millionth unit in 2020. Numerous Tier 1 auto suppliers use Indie’s product lines. Company went public in 2021 via a SPAC, and was valued around $1.1 billion as of October.
NOW: First-quarter revenue was up 171% from the same period a year ago and 16% sequentially to a record $22M, the company reported in May. Figures exceeded analyst consensus estimates.
FUTURE: “We believe our deeper R&D investments coupled with successful acquisition integrations will leverage the indie platform to accelerate growth, enable us to become the leading provider of edge sensors across all key modalities and, in turn, create shareholder value,” McClymont said this month. The company’s products are expected to ultimately be used with self-driving cars.
IN THEIR WORDS: “Our outperformance versus the industry in the face of continued supply chain headwinds reflects indie’s differentiated product portfolio and our team’s ability to obtain committed volumes from our strategic supply partners.”
