Announced
Completed
Synopsis
indie Semiconductor, an autotech solutions provider, completed the acquisition of Symeo Radar Division of Analog Devices, a semiconductor manufacturing company. Financial terms were not disclosed. “Bringing Analog Devices’ Symeo radar division under the indie umbrella significantly expands our sensor modality capabilities and affirms our commitment to the radar market. indie is effectively augmenting our highly skilled vision processing, perception and LiDAR teams in a way designed to enable us to offer distinctive yet affordable solutions to help our customers achieve unprecedented levels of active sensing integration across nearly all classes of vehicles. With the addition of this world-class engineering organization, we are accelerating indie’s entry into the radar market and, as a result, we believe we are better positioned to capture billion-dollar strategic programs among global automotive customers,” Donald McClymont, indie Semiconductor Co-Founder and CEO.
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