Indi Semiconductor, An Interesting EV And Autonomous Car Play

  • Fast growth is likely to continue given the enormous backlog and the backdrop of market demand. It’s helped by some gross margin expansion.
  • The company has an impressive roster of OEMs and Tier 1 suppliers as clients.
  • Acquisitions have given the company valuable technology, bolstering its ADAS offering.
  • The company is still well in the red and bleeding cash, although they have sufficient means to last for at least a couple of years.
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