- Partnership Capitalizes on Expedera’s Breakthrough AI
Capabilities in Support of indie’s ADAS Portfolio
- Leverages indie’s Multi-modal Sensing Technology and Expedera's
Scalable NPU IP
- Yields Class-leading Edge AI Performance at Ultra-low Power and
Low Latency
indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions
innovator, today announced a strategic investment in Expedera Inc,
a leading provider of scalable Neural Processing Unit (NPU)
semiconductor intellectual property (IP). The partnership will
deliver customized artificial intelligence (AI) enabled processing
capabilities for sensing solutions targeting Advanced Driver
Assistance Systems (ADAS) and includes a commercial agreement to
integrate customized Expedera OriginTM NPU processing solutions
into future indie products.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240320336775/en/
indie Announces Strategic Investment in
AI Processor Leader Expedera (Graphic: Business Wire)
According to S&P Mobility, by 2029 over 50 percent of
vehicles will incorporate Level 2 and above driver automation
capabilities, representing a $28 billion ADAS semiconductor
opportunity. Deployment of these ADAS systems - driven by safety
regulation and New Car Assessment Programs (NCAP) - mandates high
performance, power efficient AI-based object detection and
perception processing to enable functions including Lane Keep
Assist (LKA), Blind Spot Detection (BSD), Automated Emergency
Braking (AEB) and Driver and Occupant Monitoring (DMS/OMS).
Expedera’s Origin NPU solutions will enhance indie’s growing
multi-modal ADAS silicon and software portfolio with advanced
Neural Network (NN) processing capabilities. Origin’s unique
packet-based architecture brings deterministic performance and
efficient power, area and memory resource utilization to on-chip NN
processing compared to typical layer-based approaches. The
partnership will deliver scalable NPU single-core performance
capabilities to indie’s portfolio over 100 TOPS.
“Our mission has always been to deliver best-in-market NPU
solutions alongside premier partners, which is why we are so
thrilled to welcome this new strategic investment and commercial
agreement with indie,” said Da Chuang, co-founder and CEO of
Expedera. “As the clear leader in the Autotech market, there is no
better partner for our Origin solutions than indie.”
"Since its founding in 2018, Expedera has established itself as
the best-in-class, field-proven NPU solution provider," said Donald
McClymont, indie co-founder and CEO. "As we examined the AI
opportunity within the automotive market, it became apparent that
Expedera’s highly innovative solutions are ideally matched to
enabling indie’s ADAS portfolio with customized, high-performance
neural processing capabilities. We are excited to team with
Expedera and deliver unprecedented AI-enabled sensing solutions to
indie’s global customer base.”
The minority investment will include adding Donald McClymont to
Expedera's Board of Directors.
About indie
indie is empowering the Autotech revolution with next generation
automotive semiconductors and software platforms. We focus on
developing innovative, high-performance and energy-efficient
technology for ADAS, user experience and electrification
applications. Our mixed-signal SoCs enable edge sensors spanning
Radar, LiDAR, Ultrasound, and Computer Vision, while our embedded
system control, power management and interfacing solutions
transform the in-cabin experience and accelerate increasingly
automated and electrified vehicles. We are an approved vendor to
Tier 1 partner and our solutions can be found in marquee automotive
OEMs worldwide. Headquartered in Aliso Viejo, CA, indie has design
centers and regional support offices across the United States,
Canada, Argentina, Scotland, Germany, Hungary, Morocco, India,
Israel, Japan, South Korea, Switzerland, Taiwan and China.
Please visit us at www.indiesemi.com to learn more.
About Expedera
Expedera provides scalable neural engine semiconductor IP that
enables major performance, power, and latency improvements while
reducing cost and complexity in edge AI inference applications.
Third-party silicon validated and customer-proven in well over 10
million devices, Expedera’s solutions produce superior performance
and are scalable to a wide range of applications from edge nodes
and smartphones to automotive. Expedera’s Origin Neural Processing
Unit products are easily integrated, readily scalable, and
customized to unique customer use cases and requirements. The
company is headquartered in Santa Clara, California, with
engineering development centers and customer support offices in the
United Kingdom, China, Taiwan and Singapore. Visit
https://www.expedera.com
Safe Harbor Statement
This communication contains “forward-looking statements”
(including within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended) concerning indie Semiconductor
such as the features, functionality, performance, availability,
timing and expected benefits of indie Semiconductor products and
technology. Such statements include, but are not limited to,
statements regarding our future business and financial performance
and prospects, and other statements identified by words such as
“will deliver,” “will likely result,” “expect,” “anticipate,”
“estimate,” “believe,” “intend,” “plan,” “project,” “outlook,”
“should,” “could,” “may” or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results included in such forward-looking
statements. All forward looking statements in this press release
are expressly qualified in their entirety by the foregoing
cautionary statements.
Investors are cautioned not to place undue reliance on the
forward-looking statements in this press release, which information
set forth herein speaks only as of the date hereof. We do not
undertake, and we expressly disclaim, any intention or obligation
to update any forward-looking statements made in this announcement
or in our other public filings, whether as a result of new
information, future events or otherwise, except as required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240320336775/en/
indie Media Inquiries media@indiesemi.com indie Investor
Relations ir@indiesemi.com Expedera Media Inquiries
media@expedera.com
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