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indie Semiconductor invests in AI firm Expedera

EditorNatashya Angelica
Published 20/03/2024, 21:22
© Reuters.
INDI
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ALISO VIEJO, Calif. & SANTA CLARA, Calif. - indie Semiconductor, Inc. (NASDAQ: INDI), specializing in Autotech solutions, has announced a strategic investment in Expedera Inc., a provider of Neural Processing Unit (NPU) semiconductor intellectual property (IP). The collaboration aims to augment indie's Advanced Driver Assistance Systems (ADAS) portfolio with Expedera's artificial intelligence (AI) processing capabilities.

The partnership includes a commercial agreement to integrate Expedera's customized OriginTM NPU solutions into indie's future products, promising to enhance indie's multi-modal ADAS silicon and software offerings with advanced neural network processing.

This collaboration is expected to yield edge AI performance with ultra-low power consumption and low latency, crucial for ADAS functionalities such as Lane Keep Assist and Automated Emergency Braking.

S&P Mobility projects that by 2029, over 50% of vehicles will feature Level 2 automation or higher, creating a $28 billion opportunity for ADAS semiconductors. indie's investment in Expedera is a strategic move to capitalize on this growing market by delivering high-performance, power-efficient AI-based sensing solutions.

Expedera's Origin NPU is distinguished by its packet-based architecture, which offers efficient power, area, and memory utilization for on-chip neural network processing. This technology is set to elevate indie's product capabilities significantly, with single-core performance exceeding 100 trillion operations per second (TOPS).

Donald McClymont, indie's co-founder and CEO, praised Expedera's innovative solutions as ideally suited for indie's ADAS portfolio. The investment also includes McClymont joining Expedera's Board of Directors, further solidifying the partnership.

Both companies have expressed enthusiasm for the joint venture, with Expedera's co-founder and CEO Da Chuang highlighting indie as an ideal partner for their Origin solutions.

This strategic move is based on a press release statement and aligns with indie's mission to provide cutting-edge, energy-efficient technology for automotive applications, including sensors for Radar, LiDAR, and Computer Vision, as well as system control and power management solutions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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