13 Best Technology Penny Stocks to Buy Right Now

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9. indie Semiconductor Inc. (NASDAQ:INDI)

Share Price as of March 28: $2.26

Number of Hedge Fund Holders: 22

indie Semiconductor Inc. (NASDAQ:INDI) is an automotive semiconductors and software solutions company. It caters to markets for advanced driver assistance systems, driver automation, in-cabin, connected cars, and electrification applications. It offers products like ultrasonic sensors for parking assistance and radar sensors for audio assistance. It also provides LiDAR.

The company is focused on developing and selling cameras and image-processing chips to enhance vehicle safety and automation. Its Vision Products target various Advanced Driver Assistance Systems (ADAS) applications. Recently, the company’s iND880 Vision Processor was chosen by a Korean OEM for front sensing and occupant monitoring in new EVs. The production for these is likely to begin in 2027. The iND880 has also secured wins in China for multi-channel sensor applications. This Vision Processor has low power consumption and low latency which makes it highly valuable.

indie Semiconductor Inc.’s (NASDAQ:INDI) products are being rapidly adopted within the automotive sector. Some of the significant design wins include the ones with General Motors, Toyota, and Ford. The company is well-positioned to capitalize on the increasing demand for vision-based ADAS technologies due to both consumer preferences and global regulations.

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