INDI is trading 5.2% down at $3.84 following news that co-founder and president Dr. Ichiro Aoki will retire and leave the board effective June 29, 2026.
- The leadership transition marks a significant change for the company's executive team, with the departure scheduled for mid-2026.
- The stock is also facing pressure from a broader tech downturn, as the Nasdaq Composite falls 1.44% amid a widespread sell-off in semiconductor and AI-related stocks.