Indie Semiconductor shares slide 8.29% as Unitree listing draws focus

Indie Semiconductor Inc. (NASDAQ:INDI) is drawing renewed retail and institutional attention after Chinese robotics maker Unitree’s record-breaking public listing on Shanghai’s STAR Market. Indie Semiconductor supplies Unitree with spatial-sensing components, including high-precision radar chipsets, optical vision processors and mixed-signal System-on-Chips (integrated circuits combining analog and digital functions). The investment case is that Unitree’s IPO funding, earmarked for mass manufacturing, could increase demand for those components as robot production expands. With leading Western humanoid-robot makers still privately held, INDI offers public-market exposure to Unitree’s hardware supply chain. Shares were down 8.29% at $3.98 on Wednesday morning, according to Benzinga Pro data.

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