10:20 AM EDT, 10/28/2025 (MT Newswires) -- Indie Semiconductor ( INDI ) agreed to sell its 34.38% equity interest in Wuxi indie Microelectronics Technology to United Faith Auto-Engineering, a publicly listed company in China, for 960.8 million Chinese renminbi ($135 million).

The transaction, subject to regulatory and United Faith shareholder approvals, is expected to close in late 2026, indie said Tuesday in a regulatory filing.

Indie announced a nonbinding agreement with United Faith on the asset sale in mid-May.

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