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Stock impact report

Why indie Semiconductor (INDI) Just Made A Move Beyond Automotive [Yahoo! Finance]

indie Semiconductor, Inc. - Class A (INDI) 
Company Research Source: Yahoo! Finance
On March 23, indie Semiconductor, Inc. (NASDAQ:INDI) released its first Ultraviolet Visible Distributed Feedback 399 nm single-frequency laser diode optimized for quantum computing systems based on cooled Ytterbium atoms. With the addition of this new device in the UV spectrum, indie is expanding on its previously announced LXM-U and narrow-linewidth visible DFB lasers, furthering its capabilities and strengthening its photonics portfolio, which is enabling advanced quantum technologies. The company noted that its photonics division continues to gain momentum as part of its strategic expansion into adjacent markets outside automotive, including quantum and humanoids, as demonstrated by increasing customer traction and an expanding product portfolio. On February 23, UBS lowered the firm's price target on indie Semiconductor, Inc. (NASDAQ:INDI) to $4.25 from $5 and kept a Neutral rating on the shares following the earnings report. While the firm believes the company is moving beyond Show less Read more
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