05:02 PM EDT, 03/20/2024 (MT Newswires) -- Indie Semiconductor ( INDI ) said late Wednesday it is making a minority investment in Expedera, which provides scalable neural processing unit semiconductor intellectual property.

The investment includes adding indie Semiconductor Chief Executive Officer Donald McClymont to Expedera's board, according to a statement.

The partnership includes a commercial deal to integrate customized Expedera Origin NPU processing solutions into future indie Semiconductor products, the statement said.

Indie Semiconductor ( INDI ) shares rose 7.2% in after-hours activity.

Price: 7.00, Change: +0.47, Percent Change: +7.20