Indie Semiconductor (INDI) holds 34.38% of the outstanding equity interest in Wuxi indie Microelectronics Technology. The company disclosed last night that it entered into a non-binding agreement with United Faith Auto-Engineering to sell up to all of its equity interest in Wuxi. “The consummation of any transaction is subject to negotiation and execution of definitive agreements, completion of due diligence and receipt of applicable regulatory approvals,” it added.
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