The U.S. and Europe recently implemented tariffs on Chinese EVs, which could lower adoption for cash-strapped consumers. Warren Buffett continues to sell his big EV holding.
indie Semiconductor, Inc. has a massive growth opportunity ahead despite recent market headwinds in the automotive semiconductor industry. The company's sales growth could be flat in the June quarter, but its backlog is estimated to be over 4 times its market cap. The stock is trading at a low valuation compared to its sales targets, making it an attractive investment for the future.
Bloomberg reported Indie has hired advisors to explore options, including a potential sale. Indie has assembled an array of automotive chip technologies.