indie Semiconductor Expands Edge Compute and Perception Vision Processing Capabilities

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ALISO VIEJO, Calif .– (COMMERCIAL THREAD) – indie Semiconductor, Inc. (Nasdaq: INDI), an innovator of Autotech solutions, has created a dedicated business unit exclusively focused on high-quality perception-based vision processing solutions to address the majority of cases use of advanced driver assistance systems. Compatible vehicles (ADAS). Industry veteran Ramesh Singh leads indie’s new VisionQ business unit, which is supported by an exceptional team who together have already successfully brought millions of silicon, software and system solutions to the processing market. of vision over the past two decades. The group’s combined development capabilities, expertise in building large-scale vision businesses, and extensive relationships around the world position indie to provide the best sensing platforms for ADAS applications.

“The addition of Ramesh and his team to the independent family represents a major step towards realizing our vision of becoming the leading provider of semiconductor and software-level solutions for multiple sensor modalities, ”said Donald McClymont, co-founder and CEO of indie Semiconductor. “We plan to leverage their capabilities to create breakthrough devices with the lowest cost, power, and form factor – redefining perceptual vision processing. ”

“Joining indie enables our team to accelerate the adoption of an open software perception stack and create scalable designs optimized for power and performance, ”said Ramesh Singh, executive vice president and general manager of the VisionQ indie business unit. “We are delighted to bring our vast industry experience, our in-depth understanding of the entire imaging ecosystem, our strategic image detection partnerships and our industrialization expertise under the indie umbrella to provide fully functional differentiated solutions to our automotive customers.

Complex camera solutions with artificial intelligence (AI) capabilities are quickly adopted by leading Tier 1 manufacturers and OEMs as a way to bring intelligence to solve difficult detection problems. As the requirements for these compute functions increase, integration within the power profile and form factor becomes even more difficult. The integration of AI algorithms and sensing functions into the many automotive cameras requires intelligent edge computation vision processing in virtually all products to resolve the different levels of computer processing. indie believes that ADAS solutions that integrate the perception stack (by merging advanced detection algorithms across vision, radar and LiDAR) will lead to the adoption of mandatory safety features globally.

According to the Yole Development market research, the automotive camera market alone is expected to reach $ 7.7 billion by 2022, up from $ 2.2 billion in 2016, a compound annual growth rate of around 24%, while the overall detection market (camera, radar, LiDAR and ultrasound) is expected to reach $ 19 billion, up from $ 8 billion in the same period.

About indie

indie reinforces the Autotech revolution with next-generation automotive semiconductors and software platforms. We focus on on-board sensors for advanced driver assistance systems including LiDAR, connected car, user experience and electrification applications. These technologies represent the essential foundations of electric and autonomous vehicles, while advanced user interfaces transform the in-cabin experience to reflect and seamlessly connect to the mobile platforms we rely on every day. We are an Authorized Tier 1 Partner Provider and our solutions can be found at renowned automotive OEMs around the world. Based in Aliso Viejo, Calif., Indie has design centers and sales offices in Austin, Texas; Boston, MA; Detroit, Michigan; San Francisco and San José, California; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland; Haifa, Israel and several locations across China.

Please visit us at www.indiesemi.com to learn more.

Safe Harbor Declaration

This communication contains “forward-looking statements” (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended). Such statements include, but are not limited to, statements regarding the potential of our new business unit, our future business and financial performance and prospects, and other statements identified by words such as “likely to result”, “s’ will wait “,” anticipate, “” estimate “,” believe “,” intend “,” plan “,” project “,” have a perspective “,” should “,” could “,” could “or words of similar meaning. These forward-looking statements are based on the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results included in these forward-looking statements. In addition to the factors previously disclosed in our registration statement on Form S-1 (SEC File No. 333-257629) and in our other public reports that we file with the SEC (including those identified under “Risk Factors In it), the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: COVID-19 pandemic; our reliance on contract manufacturing and outsourced supply chain and semiconductor availability and manufacturing capability; competitive products and pricing pressures; our ability to win competitive bid selection processes and to win additional design awards; the impact of any acquisitions we may make; our ability to develop, market and gain acceptance for new and improved products and to expand into new technologies and markets; trade restrictions and trade tensions; and the political and economic instability of our target markets. indie cautions that the above list of factors is not exclusive.

All information contained herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements made in this announcement or in our other public documents, whether as a result of new information, future events or otherwise. , unless required by law.

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