Indie Semiconductor buys in laser expertise

September 02, 2021 // By Peter Clarke
Indie Semiconductor buys in laser expertise
Automotive semiconductor component vendor Indie Semiconductor Inc. (Aliso Viejo, Calif.) has said it will pay US$159 million in cash and stock to acquire TeraXion Inc. (Quebec, Canada).

TeraXion designs and manufactures components incorporating low noise lasers, Bragg gratings and integrated photonics. These components will complement Indie's technologies for the production of lidar for ADAS and autonomous vehicles.

TeraXion was an optical sensing reference design partner of indie, supporting Frequency Modulated Continuous Wave (FMCW) systems for automotive lidar.

The transaction has been approved by the boards of directors of both indie and TeraXion and is expected to close in the fourth quarter of 2021, subject to customary closing conditions.

"Given the critical role lidar plays in achieving maximum levels of safety for assisted and self-driving cars, we are excited to welcome TeraXion's world class design team and integrate their differentiated IP and product portfolio," said Donald McClymont, Indie's co-founder and CEO, in a statement.

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