Shares of automotive semiconductors and software solutions provider indie Semiconductor, Inc. (INDI) are climbing more than 10% Friday morning at $9.15.
There have been no stock-specific news reported that could drive up the stock.
The US government has been discussing various ways to support semiconductor chip production in view of the global chip shortage.
Today the company announced its plans to report second quarter results and outlook on August 10.
INDI has traded in the range of $8.13- $14.94 in the last one year.
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