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SkyWater Technology Inc - SKYT STOCK NEWS

Welcome to our dedicated news page for SkyWater Technology (Ticker: SKYT), a resource for investors and traders seeking the latest updates and insights on SkyWater Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SkyWater Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SkyWater Technology's position in the market.

News
SkyWater Technology to Announce First Quarter Financial Results on May 8th, 2024
Rhea-AI Summary
SkyWater Technology (NASDAQ: SKYT) will announce its fiscal first quarter 2024 financial results on May 8, 2024, followed by a webcast to discuss business and financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
earnings
-
News
SkyWater Expands Board of Directors with Appointment of Dennis Goetz and Joseph Humke
Rhea-AI Summary
SkyWater Technology (NASDAQ: SKYT) appoints Dennis Goetz and Joseph Humke to its board of directors, enhancing finance and legal expertise. Goetz brings finance experience from Pohlad Companies and Humke contributes legal and M&A knowledge from Graco, Inc. The new members aim to drive strategic growth and governance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
management
-
News
SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2023 Results
Rhea-AI Summary
SkyWater Technology, Inc. reports record revenue growth of 35% for fiscal year 2023, with strong customer demand driving revenue increase. The company's financial results for Q4 2023 show a 22% year-over-year revenue growth to $79.2 million, but with decreased gross margins and increased net losses compared to the previous year. Despite these challenges, SkyWater remains optimistic due to robust customer investments and strategic business initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
Tags
earnings
News
SkyWater Signs Production Agreement with Nautilus Biotechnology to Fabricate Novel Biomedical Devices
Rhea-AI Summary
SkyWater Technology (SKYT) signs a production agreement with Nautilus Biotechnology, Inc. to supply silicon-based microfluidic bio chips for Nautilus’ proteome analysis system. This move marks a milestone as Nautilus transitions to SkyWater’s Wafer Services program from the Advanced Technology Services, showcasing the success of SkyWater’s Technology as a Service model. The partnership aims to enhance protein analysis, precision medicine, disease marker discovery, and drug target verification. SkyWater’s TaaS model offers technical capability, product development processes, and secure manufacturing, benefiting companies pursuing next-generation protein analysis by improving efficiency and reducing costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
none
-
News
SkyWater Technology to Announce Fourth Quarter Financial Results on February 26, 2024
Rhea-AI Summary
SkyWater Technology (NASDAQ: SKYT) plans to report its fourth quarter fiscal 2023 financial results on February 26, 2024, and will host a webcast to discuss its business and financial performance. The live webcast will be available at https://ir.skywatertechnology.com or directly at https://events.q4inc.com/attendee/406105446, with an archived version accessible on SkyWater Technology’s Investor Relations page.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.44%
Tags
earnings
-
News
SkyWater Florida and Deca Technologies Announce $120M DOD Award to Expand Advanced Packaging Capabilities in Osceola County, Florida
Rhea-AI Summary
SkyWater Technology (SKYT) and Deca Technologies announce a significant new Department of Defense (DOD) effort to expand domestic fan-out wafer level packaging (FOWLP) capabilities, with an expected value of $120 million over five years and options for an additional $70 million. This initiative aims to support the reshoring of the semiconductor supply chain and strengthen America's supply chains, addressing the vital need for reshoring and standing up advanced packaging capabilities and capacity for low-volume/high-mix production of secure 2.5 and 3D Advanced System Integration and Packaging (ASIP) solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
none
News
SkyWater Technology Announces Participation in 26th Annual Needham Growth Conference
Rhea-AI Summary
SkyWater Technology (NASDAQ: SKYT) to participate in 26th Annual Needham Growth Conference, with webcast scheduled on January 18th at 8:45am EST. Presentation material and webcast link will be available on the company's Investor Relations page.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
none
-
News
SkyWater Submits Application for U.S. CHIPS and Science Act Funding to Modernize Equipment and Enhance Production at its Minnesota Facility
Rhea-AI Summary
SkyWater Technology (SKYT) Submits Full Application for CHIPS Funding, Aims to Modernize Semiconductor Manufacturing Facility
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.96%
Tags
none
-
News
Government-funded IBAS Program Enters Next Phase of Silicon Interposer Development at NeoCity in Florida
Rhea-AI Summary
BRIDG (BRIDG) announces the U.S. Department of Defense-funded Industrial Base Analysis and Sustainment (IBAS) technology development program's phase four kick-off. The up to $20 million federal defense contract aims to establish a comprehensive domestic silicon interposer manufacturing capability, supporting advanced electronic systems. BRIDG, imec, and SkyWater Technology completed phase one in November 2022. The program provides advanced packaging technology for next-generation microelectronic multi-chip systems to strengthen national security and cyber resiliency for the U.S. defense industrial base.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.34%
Tags
none
News
SkyWater Technology Announces Participation in 12th Annual NYC Summit
Rhea-AI Summary
SkyWater Technology (NASDAQ: SKYT) to Participate in 12th Annual NYC Summit
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8%
Tags
none
Stock SKYT logo
SkyWater Technology Inc

Nasdaq:SKYT

SKYT Rankings

#3035 Ranked by Market Cap
#4268 Ranked by Stock Gains
N/A Ranked by Dividends

SKYT Stock Data

461.55M
22.33M
52.68%
21.62%
3.26%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States
Bloomington

About SKYT

skywater is a u.s.-based technology foundry specializing in the development and manufacturing of a wide variety of semiconductor based solutions. as a globally recognized, dmea-trusted facility with advanced development capabilities co-located with volume production, skywater has the ability and flexibility to innovate to any scale with a wide array of special materials. our roots go back to the pioneers of computing technology and as such skywater offers what most foundries cannot: decades of technology innovation experience.