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indie Semiconductor and GlobalFoundries Announce Strategic Collaboration to Accelerate Automotive Radar Adoption

1. indie Semiconductor collaborates with GFS on radar systems-on-chip development. 2. The partnership will use GF's 22FDX® platform for ADAS applications.

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Why Bullish?

This collaboration could enhance GFS's product portfolio and market position. Historical increases in partnerships have often led to stock price boosts.

How important is it?

The collaboration not only strengthens GFS's position in the automotive sector but signals potential revenue growth.

Why Long Term?

Collaborations like these generally take time to reflect in financial performance. Historical examples include long-term partnerships leading to sustained revenue growth.

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ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has announced a strategic collaboration with GlobalFoundries (Nasdaq: GFS) (GF) to develop its portfolio of high-performance radar systems-on-chip (SoC). These SoC's - manufactured on GF's 22FDX® platform - will target 77 GHz and 120 GHz radar applications for advanced driver assistance systems (ADAS) and adjacent industrial applications. Automotive radar adoption is being accelerated by.

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