Connected Car
Small automotive chip designer indie Semiconductor (INDI -3.20%) turned in another financial report card featuring fast growth. Second-quarter sales increased a whopping 102% year over year to $52.1 million, meeting its own guidance for a $205 million to $210 million annualized revenue run-rate. However, there are still risks to keep front-of-mind for this tiny fabless semiconductor company (meaning it engineers chips but doesn't manufacture them). First, consider that despite all that revenue growth, indie still operates at a fairly steep loss. This is a conundrum being faced by other fabless chip start-ups like Navitas Semiconductor (NASDAQ: NVTS) and Valens Semiconductor (NYSE: VLN).