Why Indie Semiconductor Jumped 22% in September

Shares of Indie Semiconductor (NASDAQ: INDI) rose 21.9% in the month of September, according to data provided by S&P Global Market Intelligence. The recently public chipmaker for the electric-vehicle (EV) and autonomous-vehicle industry benefited from rising demand for computer chips for automakers.

While the chip shortage severely dented auto sales in the third quarter, the continued push toward all-EV or mostly EV fleets is helping boost Indie's drive to blanket the market with its semiconductor solutions for automakers.

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Source Fool.com