indie Semiconductor Expands Edge Compute, Perception-Enabled Vision Processing Capabilities | Business

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ALISO VIEJO, Calif .– (BUSINESS WIRE) – Nov. October 2021–

indie Semiconductor, Inc. (Nasdaq: INDI), an innovator in autotech solutions, has created its own business unit focused solely on high quality perceptual image processing solutions to address most advanced driver assistance systems (ADAS) use cases. -capable vehicles. Ramesh Singh, an industry veteran, leads Indie’s new VisionQ business unit, supported by an exceptional team that have successfully brought millions of silicon, software and systems solutions to the machine vision market over the past two decades. The Group’s combined development capabilities, expertise in building large vision companies and extensive global relationships enable Indie to provide world-class sensor platforms for ADAS applications.

“The addition of Ramesh and his team to the Indie family is an important step in realizing our vision of becoming the leading provider of semiconductor and software solutions for multiple sensor modalities,” said Donald McClymont, Co-Founder and CEO of Indie Semiconductor. “We plan to use their skills to develop revolutionary devices with the lowest cost, performance and form factor – a redefinition of perception processing.”

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

Enabling complex camera solutions with artificial intelligence (AI) capabilities is quickly being adopted by large tier 1 companies and OEMs to provide intelligence to solve difficult sensor problems. With increasing demands on these computing functions, the integration into the performance profile and the form factor becomes even more demanding. The integration of the AI ​​algorithms and sensor functions in the numerous automotive cameras requires intelligent edge computing image processing in practically every product in order to solve the different levels of computation processing. indie believes that ADAS solutions that integrate the perception stack (by fusing advanced sensor algorithms via vision, radar and LiDAR) will drive the adoption of globally mandated security features.

According to market research by Yole Development, the car camera market alone is expected to reach $ 7.7 billion by 2022, up from $ 2.2 billion in 2016, an annual growth rate of about 24 percent, while the overall sensor market ( Camera, radar, LiDAR and ultrasound) is projected to reach $ 19 billion, up from $ 8 billion in the same period.

About indie

indie supports the autotech revolution with automotive semiconductors and software platforms of the next generation. We focus on edge sensors for advanced driver assistance systems, including LiDAR, connected car, user experience and electrification applications. These technologies are at the core of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cab experience to mirror and seamlessly connect to the mobile platforms we rely on on a daily basis. We are an approved supplier to Tier 1 partners and our solutions can be found at well-known automotive OEMs around the world. Indie is headquartered in Aliso Viejo, CA, and has design centers and sales offices in Austin, TX; Boston, MA; Detroit, MI; San Francisco and San Jose, CA; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland; Haifa, Israel and multiple locations across China.

Visit us at www.indiesemi.com to find out more.

Safe Harbor Statement

This announcement contains “forward-looking statements” (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended). These statements include, among other things, statements about the potential of our new business unit, our future business and financial performance and prospects, as well as other statements that include words such as “likely to result”, “expected”, “expected”, “estimate”, “Believe”, “intend”, “plan”, “project”, “look”, “should”, “could”, “can” or words with a similar meaning. Such 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 could differ materially from the results contained in such 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 filings with the SEC (including those listed under “Risk Factors” therein) The following: Factors could cause actual results and the timing of events to differ materially from expected results or other expectations expressed in forward-looking statements: the effects of the COVID-19 pandemic; our confidence in contract manufacturing and the outsourced supply chain, as well as the availability of semiconductors and manufacturing capabilities; Competitive products and price pressures; our ability to win competitive bid selection processes and generate additional design wins; the impact of any acquisitions we may make; our ability to develop, commercialize and gain acceptance of new and improved products and expand into new technologies and markets; Trade restrictions and trade tensions; and political and economic instability in our target markets. indie indicates that the above list of factors is not exclusive.

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

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KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY ALTERNATIVE VEHICLES / FUELS SEMICONDUCTORS AUTOMOTIVE GENERAL AUTOMOTIVE AUTOMOTIVE MANUFACTURING MANUFACTURING OTHER AUTOMOTIVE SOFTWARE

SOURCE: Indie Semiconductors

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PUB: 10/5/2021 4:30 p.m. / DISC: 10/5/2021 4:32 p.m.

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