Latest news with #SkyWater
Globe and Mail
3 days ago
- Business
- Globe and Mail
SkyWater Technology Expands Leadership in U.S. Semiconductor Manufacturing With Infineon IP License Agreement
SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced a license agreement with Infineon Technologies, granting access to a robust library of silicon-proven, mixed-signal ASIC design IP. This new IP enables customers to design and build high-reliability mixed-signal SoCs entirely within a secure U.S. supply chain – a strategic milestone for U.S. semiconductor independence that extends SkyWater's leadership in domestic innovation. The licensed IP, originally developed by Cypress Semiconductor and validated in high-volume, automotive-grade applications, will be released through SkyWater's S130 platform. SkyWater is uniquely positioned to support both commercial and defense markets at scale. 'This is about reshaping the future of semiconductor innovation in the U.S.,' said Ross Miller, SVP of SkyWater's Commercial and A&D Business. 'Today, over 90% of global mixed-signal ASIC chip production happens offshore, despite these mature nodes being critical for automotive, industrial, and defense systems. We're changing that. By combining proven, silicon-validated IP with trusted U.S. manufacturing, we're empowering customers to design and manufacture reliable mixed-signal ASICs at scale within a secure domestic supply chain.' The S130 platform builds on decades of success, offering a comprehensive suite of mixed-signal building blocks, including embedded Non-Volatile Memory (NVM) options and SRAM compilers. These capabilities have powered billions of devices across automotive, industrial, medical, and consumer sectors. Now, SkyWater is extending this proven foundation to new ASIC developers, system companies, and government customers seeking long-term support and scalable U.S. manufacturing solutions. 'The S130 platform has earned its reputation for reliability in demanding real-world environments,' said Percy Gilbert, SVP of Engineering at SkyWater. 'By making this IP accessible, we're enabling customers to reduce design risk, accelerate time to market, and lower development costs when building complex analog and mixed-signal ASICs – all while leveraging a mature, silicon-proven platform.' SkyWater plans to integrate this IP portfolio into its Technology as a Service (TaaS℠) model, enabling customers to design sophisticated, high-reliability mixed-signal SoCs with components that have been validated in automotive and mission-critical real-world applications. The portfolio includes key components such as analog-to-digital converters (ADCs), digital-to-analog converters (DACs), power management, timing, and communications modules – validated in mission-critical applications. Phased Release Based on Market Demand SkyWater will prioritize the conversion of these IP blocks for general foundry use based on customer demand across various markets. It will provide full design enablement support including PDKs, documentation, and integration assistance for qualified engagements. With this agreement, SkyWater continues to redefine what it means to be a trusted U.S. foundry partner, delivering advanced technology solutions that drive innovation and strengthen domestic semiconductor independence. To express interest or initiate engagement, visit: or contact sales@ About SkyWater Technology SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier. SkyWater's Technology as a Service model streamlines the path to production for customers with development services, high-volume production and heterogeneous integration solutions in its U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, embedded computing, rad-hard ICs, memory and logic devices, power management ICs, MEMS, superconducting ICs, photonics and advanced packaging. SkyWater serves the growing markets of aerospace & defense, automotive, biomedical, industrial and quantum computing. For more information, visit: SkyWater Technology Forward-Looking Statements This press release contains 'forward-looking' statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on SkyWater's current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause SkyWater's actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause SkyWater's actual results to be different than expected or anticipated include, but are not limited to, ability to realize the expected benefits of the Fab 25 acquisition; ability to promptly and effectively integrate Fab 25's operations; negative effects relating to the consummation of the proposed Fab 25 transaction on the market price of SkyWater's common stock; significant transaction costs and/or unknown or inestimable liabilities; general economic and business conditions that may affect the combined company following the consummation of the proposed Fab 25 transaction; and other factors discussed in the 'Risk Factors' section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that SkyWater files with the SEC, which are available at SkyWater assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.
Business Wire
3 days ago
- Business
- Business Wire
SkyWater Technology Expands Leadership in U.S. Semiconductor Manufacturing With Infineon IP License Agreement
BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced a license agreement with Infineon Technologies, granting access to a robust library of silicon-proven, mixed-signal ASIC design IP. This new IP enables customers to design and build high-reliability mixed-signal SoCs entirely within a secure U.S. supply chain – a strategic milestone for U.S. semiconductor independence that extends SkyWater's leadership in domestic innovation. The licensed IP, originally developed by Cypress Semiconductor and validated in high-volume, automotive-grade applications, will be released through SkyWater's S130 platform. SkyWater is uniquely positioned to support both commercial and defense markets at scale. 'This is about reshaping the future of semiconductor innovation in the U.S.,' said Ross Miller, SVP of SkyWater's Commercial and A&D Business. 'Today, over 90% of global mixed-signal ASIC chip production happens offshore, despite these mature nodes being critical for automotive, industrial, and defense systems. We're changing that. By combining proven, silicon-validated IP with trusted U.S. manufacturing, we're empowering customers to design and manufacture reliable mixed-signal ASICs at scale within a secure domestic supply chain.' The S130 platform builds on decades of success, offering a comprehensive suite of mixed-signal building blocks, including embedded Non-Volatile Memory (NVM) options and SRAM compilers. These capabilities have powered billions of devices across automotive, industrial, medical, and consumer sectors. Now, SkyWater is extending this proven foundation to new ASIC developers, system companies, and government customers seeking long-term support and scalable U.S. manufacturing solutions. 'The S130 platform has earned its reputation for reliability in demanding real-world environments,' said Percy Gilbert, SVP of Engineering at SkyWater. 'By making this IP accessible, we're enabling customers to reduce design risk, accelerate time to market, and lower development costs when building complex analog and mixed-signal ASICs – all while leveraging a mature, silicon-proven platform.' SkyWater plans to integrate this IP portfolio into its Technology as a Service (TaaS℠) model, enabling customers to design sophisticated, high-reliability mixed-signal SoCs with components that have been validated in automotive and mission-critical real-world applications. The portfolio includes key components such as analog-to-digital converters (ADCs), digital-to-analog converters (DACs), power management, timing, and communications modules – validated in mission-critical applications. Phased Release Based on Market Demand SkyWater will prioritize the conversion of these IP blocks for general foundry use based on customer demand across various markets. It will provide full design enablement support including PDKs, documentation, and integration assistance for qualified engagements. With this agreement, SkyWater continues to redefine what it means to be a trusted U.S. foundry partner, delivering advanced technology solutions that drive innovation and strengthen domestic semiconductor independence. To express interest or initiate engagement, visit: or contact sales@ About SkyWater Technology SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier. SkyWater's Technology as a Service model streamlines the path to production for customers with development services, high-volume production and heterogeneous integration solutions in its U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, embedded computing, rad-hard ICs, memory and logic devices, power management ICs, MEMS, superconducting ICs, photonics and advanced packaging. SkyWater serves the growing markets of aerospace & defense, automotive, biomedical, industrial and quantum computing. For more information, visit: SkyWater Technology Forward-Looking Statements This press release contains 'forward-looking' statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on SkyWater's current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause SkyWater's actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause SkyWater's actual results to be different than expected or anticipated include, but are not limited to, ability to realize the expected benefits of the Fab 25 acquisition; ability to promptly and effectively integrate Fab 25's operations; negative effects relating to the consummation of the proposed Fab 25 transaction on the market price of SkyWater's common stock; significant transaction costs and/or unknown or inestimable liabilities; general economic and business conditions that may affect the combined company following the consummation of the proposed Fab 25 transaction; and other factors discussed in the 'Risk Factors' section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that SkyWater files with the SEC, which are available at SkyWater assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.
Business Wire
16-07-2025
- Business
- Business Wire
SkyWater Technology to Announce Second Quarter Financial Results on August 6, 2025
BLOOMINGTON, Minn.--(BUSINESS WIRE)-- SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it will report its fiscal second quarter 2025 financial results following the close of the market on Wednesday, August 6, 2025. The same afternoon, management will host a webcast to discuss its business and financial results. SkyWater Technology Fiscal Second Quarter 2025 Earnings Webcast When: Wednesday, August 6, 2025 Time: 3:30 p.m. CDT (4:30 p.m. EDT) Live Webcast: available at or directly at An archived webcast will be available on SkyWater Technology's Investor Relations page: About SkyWater Technology SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier. SkyWater's Technology as a Service model streamlines the path to production for customers with development services, high-volume production and heterogeneous integration solutions in its U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, embedded computing, rad-hard ICs, memory and logic devices, power management ICs, MEMS, superconducting ICs, photonics and advanced packaging. SkyWater serves the growing markets of aerospace & defense, automotive, biomedical, industrial and quantum computing. For more information, visit:
Yahoo
02-07-2025
- Business
- Yahoo
SkyWater buys Austin chip factory
SkyWater Technology has successfully completed the acquisition of Infineon Technologies' former semiconductor fabrication plant in Austin, Texas for $93 million, marking a significant milestone in the company's strategy to boost its manufacturing capabilities. Closing this deal positions SkyWater to expand its production capacity to meet the increasing demand for domestically produced semiconductors in the United States, which has become a critical area of focus for the U.S. government's efforts to secure supply chains. SkyWater Technology, founded in 2017 and based in Bloomington, Minnesota, is recognized as the only U.S.-owned pure-play silicon foundry, providing essential engineering and fabrication services across various sectors including consumer electronics, industrial, military and defense, and automotive industries. The company is well-regarded for its use of 90-nanometer process technology on equipment capable of handling 200-millimeter wafers, and it has garnered a reputation as a Department of Defense-accredited Trusted supplier, underscoring its strategic importance in supporting national security interests. In its quest for expansion, SkyWater has been proactive in strengthening its manufacturing footprint. In early 2021, the company repurposed a facility at NeoCity, Florida, with plans to continue growing its domestic foundry capabilities. This latest acquisition of the Austin plant is a part of their broader vision to increase capacity at both advanced and foundational semiconductor nodes. Financially, SkyWater has faced some challenges, as highlighted in its first quarter 2025 results. The company reported a total revenue of $61.3 million, a slight decline compared to the fourth quarter of 2024. ATS development revenue saw a 12% drop quarter-over-quarter, which was attributed to government budget delays affecting funding timelines. However, the company experienced robust demand in its Wafer Services, driven by new products like the ThermaView platform with significant sales to top U.S. defense contractors. Despite the decline in total revenue, SkyWater's gross profit increased by 10% year-over-year. The acquisition of the Austin facility represents a strategic inflection point for SkyWater Technology. The move aligns with the company's ambition to play a pivotal role in the U.S.'s semiconductor sovereignty goals, especially at a time when the semiconductor supply chain is under intense scrutiny amid global disruptions. The acquired plant is expected to provide SkyWater with the ability to deliver on its $1 billion supply agreement and position itself as a leader in foundational semiconductor markets. This initiative parallels the national objective to revive domestic packaging and testing capabilities, recognizing SkyWater as an essential player in addressing the growing semiconductor content across defense, aerospace, automotive, and industrial automation applications. SkyWater's efforts to tap into customer-funded capital expenditure models ensure that it continues to enhance its technological capabilities and infrastructure with minimal impact on its balance sheet. By fostering deep partnerships and leveraging outside co-investment, SkyWater anticipates a future marked by modernized facilities and increased production capacity, all while creating new jobs. The successful integration of the Austin plant's assets should enhance the company's operational resilience and drive growth during the later months of 2025. As federal budget negotiations clarify, SkyWater is positioning itself to capitalize on the anticipated funding, improve its revenue prospects and advance down its path towards long-term profitability. The post SkyWater buys Austin chip factory appeared first on FreightWaves.
Business Wire
30-06-2025
- Business
- Business Wire
SkyWater Completes Acquisition of Fab 25, Expanding U.S. Pure-Play Foundry Capacity for Critical Semiconductor Technologies
BLOOMINGTON, Minn. & AUSTIN, Texas--(BUSINESS WIRE)--SkyWater Technology (Nasdaq: SKYT), the trusted technology realization partner, today announced that it has completed its acquisition of Infineon Technologies AG's (FSE: IFX / OTCQX: IFNNY) 200 mm semiconductor fab in Austin, Texas ('Fab 25'). By adding approximately 400,000 wafer starts per year in capacity, Fab 25 brings meaningful scale to SkyWater's exclusively U.S.-based, pure-play foundry operation and enables SkyWater to enhance its advanced technology services (ATS) offering by incorporating the site's current capabilities. The facility will play a central role in expanding domestic manufacturing for foundational semiconductor technologies that support embedded processors/MCUs, memory, mixed signal, RF and power applications. In addition, the transaction advances the onshoring of semiconductor production by converting the fab's capacity from serving a captive integrated device manufacturer (IDM) to operating as a pure-play, open-access semiconductor foundry. This conversion significantly expands domestic foundry services for a broad base of SkyWater's industrial, automotive, and defense customers. With the addition of Fab 25, SkyWater becomes the largest exclusively U.S.-based, pure-play foundry service provider offering dual-sourced support for foundational node, 200 mm foundry capacity. Further, SkyWater believes the move directly supports national onshoring and reindustrialization efforts aimed at strengthening the U.S. semiconductor supply chain. SkyWater is one of the only companies actively transforming captive U.S. IDM fabs into open-access infrastructure for secure, high-demand technologies, which is in alignment with U.S. Department of Defense supply chain security mandates. "Today's successful completion of the Fab 25 acquisition marks a pivotal moment in our ongoing effort to strengthen the U.S. semiconductor ecosystem," said Thomas Sonderman, SkyWater CEO. "By transforming Fab 25 into an open-access, scalable foundry, we're building on its impressive legacy while opening a new chapter that advances supply chain resilience, expands opportunities for our customers, and enhances U.S. competitiveness in the technologies critical to industrial infrastructure, defense systems, and the transportation and auto industries.' Fab 25 provides high-volume capacity and advanced capabilities that are increasingly scarce in the U.S., reinforcing SkyWater's ability to support secure, scalable production at foundational nodes. With proven capabilities in copper processing, high-voltage technology, and 65 nm node infrastructure, Fab 25 today becomes a critical piece of SkyWater's exclusively U.S.-based foundry platform to meet growing customer demand and national security imperatives, and be fully integrated into its domestic, multi-node, multi-market foundry roadmap supporting innovation across a range of foundational chip technologies. Along with the transaction, both companies agreed on a long-term supply agreement that will enable Infineon to maintain a strong, efficient and scalable manufacturing footprint in the United States. Approximately 1,000 Fab 25 employees have now joined SkyWater. The Austin site will continue to be a vibrant hub of semiconductor manufacturing expertise, with SkyWater investing to support long-term growth and new opportunities for employees and the surrounding community. Customers interested in engaging with SkyWater at Fab 25 are encouraged to complete a contact form on the company's website: Transaction Details SkyWater's acquisition of Fab 25 consists of a $73 million payment at close plus an additional approximately $20 million payment at close for working capital, subject to adjustment. The transaction terms were modified from those previously announced on February 26, 2025 to increase the amount payable at close by $18 million and to eliminate the $25 million payable at the conclusion of the multi-year supply agreement. The acquisition is expected to contribute significant revenue scale and strong adjusted EBITDA and free cash flow generation to SkyWater's financial performance. The debt financing for the acquisition has been provided by SkyWater lending partners Siena Lending Group LLC, Great Rock Capital, Benefit Street Partners and Ares Credit Group in the form of a five-year, senior secured revolving credit facility of up to $350 million, which replaces the company's existing $130 million revolving credit facility and provides enhanced flexibility to fund upfront acquisition costs as well as ongoing capital expenditures, working capital requirements, and general corporate purposes. TD Securities acted as exclusive financing advisor to SkyWater in conjunction with the debt financing. As of today's closing, the total draw on the new facility is $137 million, of which approximately $103 million will fund the total upfront cash consideration payable to Infineon and all expected transaction and closing costs, plus an additional $26 million to replace the net draw on the previous revolving credit facility, with the remaining $7 million to be added to the company's total cash balance. Further details regarding the strategic and financial merits of the acquisition will be provided at an anticipated Capital Markets Day on location at Fab 25, currently anticipated to be held during the second half of fiscal 2025. About SkyWater SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier. SkyWater's Technology as a Service model streamlines the path to production for customers with development services, high-volume production and heterogeneous integration solutions in its U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, rad-hard ICs, MEMS, superconducting ICs, photonics and advanced packaging. SkyWater serves critical domestic markets including aerospace & defense, automotive, biomedical, industrial and quantum computing. For more information, visit: SkyWater Technology Forward-Looking Statements This press release contains 'forward-looking' statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on SkyWater's current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause SkyWater's actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause SkyWater's actual results to be different than expected or anticipated include, but are not limited to, ability to realize the expected benefits of the proposed Fab 25 transaction; ability to promptly and effectively integrate Fab 25's operations; negative effects relating to the consummation of the proposed Fab 25 transaction on the market price of SkyWater's common stock; significant transaction costs and/or unknown or inestimable liabilities; general economic and business conditions that may affect the combined company following the consummation of the proposed Fab 25 transaction; and other factors discussed in the 'Risk Factors' section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that SkyWater files with the SEC, which are available at SkyWater assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.
