Indie Semiconductor explores sale and other strategic options

According to insiders, automotive technology company Indie Semiconductor Inc. is considering strategic options such as a sale. The company is working with advisers to attract the attention of potential buyers. Indie Semiconductor may attract the interest of industry insiders and private equity firms. On Monday, Indie Semiconductor shares rose as much as 16%, the biggest intraday gain in more than six months. As of 2:01 p.m. New York time, the stock rose 8% to $7.20, with a market value of approximately $1.36 billion. It is not yet certain whether these discussions will lead to a transaction, and Indie Semiconductor may also choose to remain independent. Representatives for Indie Semiconductor did not immediately respond to requests for comment.