Avnet And indie Semiconductor Enter Global Distribution Agreement
Portfolio Pulse from Benzinga Newsdesk
indie Semiconductor, Inc. (NASDAQ:INDI) and Avnet have entered into a global distribution agreement to enhance the availability of indie's semiconductor products worldwide. This partnership leverages Avnet's market reach and fulfillment capabilities to distribute indie's automotive portfolio, which includes solutions for Driver Safety, Automation, In-cabin User Experience, and Electrification. The agreement covers a range of indie's products, with plans to expand the product lines in the future.
February 08, 2024 | 2:02 pm
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indie Semiconductor's global distribution agreement with Avnet is expected to significantly enhance the availability of its automotive semiconductor products worldwide, potentially increasing sales and market penetration.
The partnership with Avnet, a global technology distributor, is likely to increase indie Semiconductor's product availability and sales, given Avnet's extensive market reach and fulfillment capabilities. This could positively impact INDI's stock in the short term as the market reacts to the potential for increased sales and market penetration.
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