indie Semiconductor shares surge 13.58% intraday after announcing $45M EXALOS acquisition and strategic LiDAR partnership.

indie Semiconductor (NASDAQ: INDI) surged 13.58% intraday, driven by positive developments in its quantum and automotive technology initiatives. The company announced the launch of its narrow linewidth distributed feedback visible lasers, which are empowering quantum-enhanced technologies and addressing critical applications in safety-critical automotive radar processors. This innovation aligns with growing demand in high-growth sectors like quantum computing and autonomous vehicles. Additionally, recent partnerships, including a strategic collaboration with SiLC Technologies for FMCW LiDAR solutions, underscored the firm’s expanding technical capabilities. Analysts highlighted these advancements as catalysts for long-term growth, with several firms maintaining "Buy" ratings. While insider sales by the CEO and COO to cover tax obligations raised some caution, the stock’s sharp intraday rise suggests strong investor confidence in the company’s strategic direction and technological differentiation.