Why Shares of Indie Semiconductor Tumbled Nearly 10% Today

Shares of the semiconductor company, which went public via SPAC last summer, have been under pressure due to the threat of rising interest rates this year. Tiny businesses that can be purchased on the stock market are few and far between in the highly technical semiconductor industry, and Indie Semiconductor represents an especially exciting opportunity. The company is developing hardware for automakers, especially advanced driver assist systems (ADAS) and vehicle electrification.