indie Semiconductor to merge with Thunder Bridge Acquisition II
indie Semiconductor, a company focused on next generation automotive semiconductors, and Thunder Bridge Acquisition II, a special purpose acquisition company, have entered into a definitive agreement for a business combination that would result in the combined entity continuing as a publicly listed company.
Upon closing of the transaction, the combined operating entity will be named indie Semiconductor, Inc. and will be listed on the Nasdaq Stock Market. The transaction reflects an implied equity value for the combined company of roughly USD 1.4 billion.
indie is knee-deep in trends spanning ADAS/Autonomous, Connectivity, User Experience and Vehicle Electrification. Today, indie’s automotive semiconductor portfolio addresses a USD 16 billion market, according to IHS, which is expected to exceed USD 38 billion by 2025 driven by strong demand for silicon and software content in automobiles.