Business
indie Semiconductor Acquires EXALOS AG
Expands indie’s ADAS and User Experience Portfolio with Breakthrough Near Infrared and Visible Superluminescent LED (SLED) as well as Semiconductor Optical
About this update from Indie Semiconductor, Inc.
[{"type":"text","content":"\n\nExpands indie’s ADAS and User Experience Portfolio with Breakthrough Near Infrared and Visible Superluminescent LED (SLED) as well as Semiconductor Optical Amplifier (SOA) Products\n\n\n\nAccelerates Design-in Opportunities with Premier Tier One and Automotive OEMs\n\n\n\nExpected to be Financially Neutral to 2H 2023 and Accretive in 2024\n\n\n\n ALISO VIEJO, Calif.--(BUSINESS WIRE)--\nindie Semiconductor (Nasdaq: INDI), an Autotech solutions innovator, today announced it has entered into a definitive agreement and completed the acquisition of privately held EXALOS AG, a Swiss photonics company, specializing in the design of high-performance optical semiconductors.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230918570114/en/indie Semiconductor Acquires EXALOS AG (Graphic: Business Wire)\nFounded in 2003 and based in Zürich, EXALOS has developed and launched several highly innovative advanced products for the world’s most demanding application areas. In particular, EXALOS’ field-proven SLEDs for fiber optic gyroscope and Semiconductor Optical Amplifiers (SOAs), backed by 59 global patents, complement indie’s laser and Silicon Photonics products, creating the industry’s highest-performance portfolio targeting rapidly emerging Autotech applications.\n\n\n\"EXALOS’ differentiated solutions immediately expand indie’s ADAS and User Experience product and technology offering to our global tier one and automotive OEM customer base,\" said Donald McClymont, indie’s co-founder and CEO. \"Specifically, indie can now leverage EXALOS’ core Super luminescent LED, and SOA technologies to enable Head Up Display (HUD), high brightness visible lighting and Inertial Measurement Unit (IMU)-based navigational applications and, importantly, to extend our FMCW LiDAR portfolio. We are gaining a well-established team of 17 world class engineers, including the industry’s leading expertise in bright light sources based on a proprietary Gallium Nitride process. At a higher level, our acquisition of EXALOS represents another step in our quest to build a broadline Autotech powerhouse.”\n\n\n“We are excited to join forces with indie at this key juncture of EXALOS’ evolution,\" said Christian Velez, CEO and founder of EXALOS. \"Given indie’s global sales channels and demonstrated scalabili...