Welcome to our dedicated page for Skywater Technology news (Ticker: SKYT), a resource for investors and traders seeking the latest updates and insights on Skywater Technology stock.
SkyWater Technology Inc (SKYT) provides cutting-edge semiconductor manufacturing solutions through its unique technology-as-a-service model. This page serves as the definitive source for all official company announcements and curated industry coverage, offering stakeholders timely access to strategic developments.
Investors and industry professionals will find categorized updates including process technology innovations, defense sector contracts, automotive electronics partnerships, and financial performance reports. Our curated selection focuses on substantive developments in advanced manufacturing capabilities and cross-industry applications.
Bookmark this page to maintain awareness of SKYT's progress in semiconductor engineering, manufacturing milestones, and strategic market positioning. Regular updates ensure you stay informed about critical developments affecting one of America's premier technology foundries.
SkyWater Technology (Nasdaq: SKYT) has completed its acquisition of Infineon Technologies' 200mm semiconductor fab (Fab 25) in Austin, Texas. The transaction adds 400,000 wafer starts per year in capacity, making SkyWater the largest exclusively U.S.-based, pure-play foundry service provider.
The $93 million acquisition ($73 million payment plus approximately $20 million for working capital) transforms Fab 25 from a captive integrated device manufacturer (IDM) into an open-access semiconductor foundry. The facility will focus on manufacturing semiconductors for embedded processors/MCUs, memory, mixed signal, RF, and power applications, primarily serving industrial, automotive, and defense customers.
The deal includes a long-term supply agreement with Infineon and brings approximately 1,000 Fab 25 employees to SkyWater. The acquisition is financed through a new $350 million five-year senior secured revolving credit facility, replacing the company's existing $130 million facility. At closing, the total draw on the new facility is $137 million.
[ "Adds significant manufacturing capacity with 400,000 wafer starts per year", "Becomes largest exclusively U.S.-based pure-play foundry with dual-sourced support", "Secures long-term supply agreement with Infineon", "Acquires advanced capabilities in copper processing, high-voltage technology, and 65 nm node infrastructure", "Expected to contribute significant revenue scale and strong adjusted EBITDA and free cash flow", "Secured larger credit facility of $350 million, up from previous $130 million" ]SkyWater Technology (Nasdaq: SKYT) has announced the anticipated closing date of its previously announced Fab 25 acquisition, expected to complete on June 30, 2025. The company has received all required regulatory approvals for the transaction, marking a significant milestone in the acquisition process. The deal aims to enhance SkyWater's semiconductor manufacturing capabilities and strengthen its position in North America's semiconductor ecosystem.
SkyWater Technology (NASDAQ: SKYT) has announced its participation in three major investor conferences in May 2025:
- B. Riley Securities 25th Annual Investor Conference on May 22 in Marina Del Rey, CA
- Craig-Hallum 22nd Annual Institutional Investor Conference on May 28 in Minneapolis, MN
- TD Cowen 53rd Annual Technology, Media & Telecom Conference on May 29 in New York, NY
All conferences will feature one-on-one meetings only. Presentation materials will be available on SkyWater's investor relations website.
SkyWater Technology (NASDAQ: SKYT) has appointed Dr. Percy V. Gilbert as senior vice president of engineering, reporting to President and COO John Sakamoto. Gilbert will lead the company's engineering organization during a important growth phase, particularly as SkyWater approaches the closure of its Infineon Austin Fab acquisition.
Gilbert brings over 20 years of industry experience, including senior positions at NXP Semiconductors and IBM Systems Group, where he led process technology development and product engineering initiatives. He holds a Ph.D., M.S., and B.S. in electrical and computer engineering from Purdue University, with 10 U.S. patents and more than 20 technical publications to his credit.
SkyWater Technology (NASDAQ: SKYT) has scheduled its fiscal first quarter 2025 financial results announcement for Wednesday, May 7, 2025, after market close. The company will host a webcast at 3:30 p.m. CDT (4:30 p.m. EDT) on the same day to discuss its business performance and financial results.
Investors and interested parties can access the live webcast through the company's investor relations website at ir.skywatertechnology.com or directly via the provided event link.
SkyWater Technology (NASDAQ: SKYT) has announced significant changes to its Board of Directors with three new appointments effective March 31, 2025: Timothy E. Baxter, Tammy J. Miller, and Andrew D.C. LaFrence.
Current board chair Gary Obermiller, who has served since the company's founding in 2017, will retire after the Annual Meeting on May 21, 2025. Timothy Baxter is positioned to become the new board chair, pending election results.
The new appointees bring diverse expertise: Baxter, former Samsung Electronics North America CEO, managed $30B in revenue and has extensive technology industry experience. Miller, former North Dakota Lieutenant Governor and Border States Electric CEO, grew that company from $485M to $2.5B in annual sales. LaFrence, current CFO at Nortech Systems, brings expertise in finance, government contract manufacturing, and life sciences.
SkyWater Technology (NASDAQ: SKYT) and D-Wave Quantum have achieved a significant breakthrough in quantum computing. D-Wave's Advantage2™ annealing quantum computer prototype, fabricated by SkyWater, has demonstrated quantum supremacy in quantum simulation, as published in the AAAS journal Science.
The research confirms that D-Wave's quantum computer outperformed one of the world's most powerful classical supercomputers in solving complex magnetic materials simulation problems. This achievement is particularly significant for materials discovery, as magnetic materials are important in medical imaging, electronics, superconductors, and various other applications.
The partnership between SkyWater and D-Wave, spanning a decade at the Minnesota fab, combines SkyWater's specialized process integration and fabrication expertise with D-Wave's superconducting materials knowledge. This collaboration, supported by SkyWater's DOD Trusted Foundry status, strengthens U.S. leadership in advanced computing and domestic semiconductor manufacturing.
SkyWater Technology (NASDAQ: SKYT) and D-Wave Quantum have achieved a significant breakthrough in quantum computing. D-Wave's Advantage2™ annealing quantum computer prototype, fabricated by SkyWater, has demonstrated quantum supremacy in quantum simulation, as published in the AAAS journal Science.
The research confirms that D-Wave's quantum computer outperformed one of the world's most powerful classical supercomputers in solving complex magnetic materials simulation problems. This achievement is particularly significant for materials discovery, as magnetic materials are important in medical imaging, electronics, superconductors, and various other applications.
The partnership between SkyWater and D-Wave, spanning a decade at the Minnesota fab, combines SkyWater's specialized process integration and fabrication expertise with D-Wave's superconducting materials knowledge. This collaboration, supported by SkyWater's DOD Trusted Foundry status, strengthens U.S. leadership in advanced computing and domestic semiconductor manufacturing.
SkyWater Technology (SKYT) has agreed to acquire Infineon Technologies' 200mm fab (Fab 25) in Austin, Texas, along with establishing a long-term supply agreement. The facility will operate as a foundry, producing critical chips for industrial, automotive, and defense applications on 130nm to 65nm nodes.
The acquisition will significantly expand SkyWater's foundry capabilities, adding 65nm infrastructure, enhanced copper processing, and high-voltage BCD technology. The deal includes transferring nearly 1,000 Fab 25 employees to SkyWater and maintains Infineon's strong U.S. manufacturing presence.
The facility currently produces up to one billion semiconductor chips annually. This strategic partnership aims to strengthen the U.S. domestic semiconductor supply chain and enhance manufacturing capacity for foundational chips. The transaction, pending regulatory approval, will transition Fab 25's business model from Integrated Device Manufacturer (IDM) to foundry, serving a broader customer base.
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