What smart money is saying about indie Semiconductor
2 funds in our archive have pitched indie Semiconductor, most recently Granahan Investment Management Focused Growth Strategy in September 2026.
indie Semiconductor, Inc. specializes in delivering cutting-edge semiconductor and software solutions, primarily targeting the automotive industry. Their offerings enhance critical functions such as advanced driver assistance systems (ADAS), in-car connectivity, the overall user experience, and vehicle electrification. Within the automotive domain, their products encompass ultrasound technology for parking assistance, integrated wireless charging systems for vehicle cabins, sophisticated infotainment platforms, and LED lighting solutions designed to elevate passenger comfort. Furthermore, they facilitate robust vehicle connectivity through telematics and cloud access technologies. Beyond the automotive sector, the company also engineers photonic components leveraging a variety of technological platforms. These include fiber Bragg gratings, low-noise lasers, athermal and tunable packaging, photonic integration, and high-speed, low-noise electronics. These advanced photonic products cater to diverse markets such as laser systems, optical sensing, and optical communication. Founded in 2007, indie Semiconductor, Inc. is headquartered in Aliso Viejo, California.
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Position history
Between Q2 2026 and Q3 2026, 7 fund letters reported a position in indie Semiconductor, with 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 1 | 1 |
| Q2 2026 | 4 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 7 positions · 1 move
- September 2026
“• indie Semiconductor (INDI) – indie designs sensing and processing chips for automotive safety systems (radar, vision and in-cabin sensing), with emerging exposure to robotics and photonics. The stock fell -35%, detracting -97 basis points, as semiconductors sold off and investors remained cautious on indie's China exposure and cash burn ahead of its planned sale of its Wuxi subsidiary. Q2 revenue grew +24% and beat expectations, Q3 guidance implies roughly +30% growth, and radar and vision design wins are moving into production. The next several quarters should show whether those ramps deliver the operating leverage we expect. We continue to own an average-sized holding.”
indie Semiconductor - September 2026
“indie Semiconductor (Information Technology, Special Situation) - Trimmed indie Semiconductor detracted as automotive semiconductor stocks weakened broadly during the quarter. Softer sentiment toward the auto semiconductor group outweighed the company's longer-term opportunity in advanced driver- assistance, connectivity and in-vehicle electronics. We trimmed the position as part of our broader reassessment of exposure and prospective return within the group.”
indie Semiconductor - September 2026
“3Q26 Contributors 3Q26 Detractors 1. Magnite, Inc. (Comm. Services, Core Growth) 2. Porch Group (Financials, Pioneer) 3. Chime Financial (Financials, Core Growth) 4. SI-BONE, Inc. (Health Care, Pioneer) 5. SharkNinja, Inc. (Consumer Disc., Core Growth) 1. Indie Semiconductor (Info. Tech., Special Situation) 2. Nextpower Inc. (Industrials, Core Growth)”
indie Semiconductor - June 2026
“Several of our AI-infrastructure and semiconductor investments also contributed to absolute and relative performance, including Taiwan Semiconductor Manufacturing Company Limited (the world’s advanced-semiconductor manufacturing champion), indie Semiconductor, Inc. (automotive semiconductor innovator), Coherent Corp. (optical technology leader), ASML Holding N.V. (the world’s dominant provider of advanced lithography semiconductor manufacturing equipment), Micron, and Broadcom.”
indie Semiconductor - June 2026
“indie Semiconductor remains one of our highest-conviction investments, reflecting our view that the automotive industry is still in the early stages of a multi-year transformation toward increasingly software- defined, intelligent vehicles.”
indie Semiconductor - June 2026
“Several of our AI-infrastructure and semiconductor investments also contributed to absolute and relative performance, including Taiwan Semiconductor Manufacturing Company Limited (the world’s advanced semiconductor manufacturing champion), indie Semiconductor, Inc. (automotive semiconductor innovator), Coherent Corp. (optical technology leader), ASML Holding N.V. (the world’s dominant provider of advanced lithography semiconductor manufacturing equipment), Micron, and Broadcom.”
indie Semiconductor “Top Ten Holdings Security Life Cycle Category Percent of Portfolio Silicon Motion Technology Corp. Special Situation 3.6% Porch Group Inc. Pioneer 3.5% Digital Turbine, Inc. Special Situation 2.3% Casella Waste Systems, Inc. Core Growth 2.0% Magnite Inc Core Growth 1.9% Gates Industrial Corp Special Situation 1.9% Indie Semiconductor Inc. Special Situation 1.8%”
indie Semiconductor
Fund coverage · 2 theses
- Granahan Investment Management Focused Growth StrategySeptember 2026
indie Semiconductor designs sensing and processing chips for automotive safety systems, with growing design wins, strong revenue growth, and expected operating leverage.
Read the full thesis indie Semiconductor supplies mixed-signal chips for software-defined vehicles, with strong design wins, backlog visibility, operating leverage, and above-market growth potential.
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