Avnet and indie Semiconductor Enter Global Distribution Agreement
09 February 2024 - 1:00AM
Business Wire
indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions
innovator, and Avnet, a global technology distributor, have
executed a distribution agreement to accelerate global availability
of indie’s innovative semiconductor product portfolio, leveraging
Avnet’s extensive market reach, support, and fulfillment
capabilities.
indie’s highly differentiated solutions represent one of the
industry’s broadest automotive portfolios offered by any
semiconductor supplier today, addressing the key automotive
megatrends of Driver Safety and Automation (ADAS), In-cabin User
Experience (UX), and Electrification. Included in this agreement
are indie’s USB power delivery, intelligent lighting, motor
control, ultrasonic, and 120GHz radar sensing silicon solutions.
Additional product lines will be made available in the future.
“indie is excited to partner with Avnet to bring our world-class
automotive portfolio to a global customer base,” said Michael
Wittmann, chief operating officer at indie Semiconductor. “Avnet’s
strong expertise in the automotive segment, coupled with its global
reach, will allow our class-leading products to bring value to
customers across global automotive development regions.”
“We look forward to collaborating closely with indie to bring
Avnet’s global support network and market knowledge to indie’s
broad and differentiated automotive portfolio to help meet the
innovation needs of a fast-evolving industry,” said Mat Ransom,
global vice president Automotive and ASCS, Avnet.
For more information about indie’s products available through
Avnet, please visit:
https://www.avnet.com/shop/us/m/indie-semiconductor/.
About indie
indie is empowering the Autotech revolution with next generation
automotive semiconductors and software platforms. We focus on
developing innovative, high-performance and energy-efficient
technology for ADAS, user experience and electrification
applications. Our mixed-signal SoCs enable edge sensors spanning
Radar, LiDAR, Ultrasound, and Computer Vision, while our embedded
system control, power management and interfacing solutions
transform the in-cabin experience and accelerate increasingly
automated and electrified vehicles. We are an approved vendor to
Tier 1 partner and our solutions can be found in marquee automotive
OEMs worldwide. Headquartered in Aliso Viejo, CA, indie has design
centers and regional support offices across the United States,
Canada, Argentina, Scotland, England, Germany, Hungary, Morocco,
India, Israel, Japan, South Korea, Switzerland, Taiwan and
China.
Please visit us at www.indiesemi.com to learn more.
About Avnet
As a leading global technology distributor and solutions
provider, Avnet has served customers’ evolving needs for more than
a century. We support customers at each stage of a product’s
lifecycle, from idea to design and from prototype to production.
Our unique position at the center of the technology value chain
enables us to accelerate the design and supply stages of product
development so customers can realize revenue faster. Decade after
decade, Avnet helps its customers and suppliers around the world
realize the transformative possibilities of technology. Learn more
about Avnet at avnet.com.
Safe Harbor Statement
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) concerning indie Semiconductor
such as the features, functionality, performance, availability,
timing and expected benefits of indie Semiconductor products and
technology. Such statements include, but are not limited to,
statements regarding our future business and financial performance
and prospects, and other statements identified by words such as
“will likely result,” “expect,” “anticipate,” “estimate,”
“believe,” “intend,” “plan,” “project,” “outlook,” “should,”
“could,” “may” or words of similar meaning. Such forward-looking
statements are based upon 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 such forward-looking statements. All
forward looking statements in this press release are expressly
qualified in their entirety by the foregoing cautionary
statements.
Investors are cautioned not to place undue reliance on the
forward-looking statements in this press release, which information
set forth herein speaks only as of the date hereof. We do not
undertake, and we expressly disclaim, any intention or obligation
to update any forward-looking statements made 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.
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Avnet Media Contacts Jeanne.Forbis@Avnet.com Media
Inquiries media@indiesemi.com Investor Relations
ir@indiesemi.com
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