indie Semiconductor Augments Senior Management Team

ALISO VIEJO, Calif.–(BUSINESS WIRE)–indie Semiconductor, an Autotech solutions innovator which is currently in the process of becoming a public company through a planned merger with Thunder Bridge Acquisition II (Nasdaq: THBR), a special purpose acquisition company, today announced that Steve Machuga has joined the Company. Machuga is serving in the newly created role of Chief Operating Officer with responsibility for expanding and optimizing the Company’s global supply chain, managing manufacturing engineering functions and overseeing day-to-day operations. He will serve as an executive officer of indie and report to Donald McClymont, indie’s co-founder, chairman and chief executive officer.

Machuga most recently was vice president of worldwide operations for Skyworks Solutions, Inc. He joined Skyworks in 2002 upon its creation and over the years held positions of increasing responsibility in process and product development, operations strategy and execution, including serving as vice president of external manufacturing and operations engineering. Prior to joining Skyworks, Machuga worked for Conexant and Motorola in various engineering and manufacturing management roles. He holds a Masters in Chemical Engineering from the University of Minnesota, Twin Cities and Bachelors in Chemical Engineering and Materials Science from the University of Connecticut.

“Steve will be a tremendous asset as we take indie to the next level,” said McClymont. “We plan to leverage his extensive supply chain and processes knowledge experience as we dramatically scale indie’s operations. In particular, Steve will help us harness the strength of our global network of foundry, test and assembly partners to satisfy indie’s increasing global customer demand.”

“I am excited to be joining indie at this key growth juncture,” said Machuga. “Together with Donald and the team, I look forward to helping indie achieve substantial revenue growth and gross margin expansion while exceeding customer expectations and ultimately realizing our ambitious vision of empowering the Autotech revolution.”

indie’s products serve four types of automotive applications: safety systems, connected car, user experience and electrification. According to IHS research, these key functions are projected to grow at a 19 percent compounded annual growth rate, from $16 billion in 2020 to $38 billion by 2025, substantially outpacing the broader global automotive semiconductor market during the same period.

About indie

indie is empowering the Autotech revolution with next generation automotive semiconductors and software platforms. We focus on EDGE sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms we rely on every day. We are an approved vendor to Tier 1 partners and our solutions can be found in marquee automotive OEMs around the world. Headquartered in Aliso Viejo, CA, indie has design centers and sales offices in Austin, TX; Boston, MA; Detroit, MI; San Francisco and San Jose, CA; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland and various locations throughout China.

Please visit us at www.indiesemi.com to learn more.

In December, indie announced it entered into a definitive agreement to merge with Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR), a special purpose acquisition company. The transaction is expected to close in the first quarter of 2021, subject to regulatory and stockholder approvals, and other customary closing conditions. The combined company will retain the indie Semiconductor name and be listed on Nasdaq under the new ticker symbol “INDI.”

About Thunder Bridge Acquisition II, Ltd.

Thunder Bridge Acquisition II, Ltd. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. In August 2019, Thunder Bridge Acquisition II consummated a $345 million initial public offering (the “IPO”) of 34.5 million units (reflecting the underwriters’ exercise of their over-allotment option in full), each unit consisting of one of the Company’s Class A ordinary shares and one-half warrant, each whole warrant enabling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Thunder Bridge II’s securities are quoted on the Nasdaq stock exchange under the ticker symbols THBRU, THBR and THBRW.