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) announced CEO Thomas Sonderman will keynote the first U.S. International Semiconductor Executive Summit on May 9-10, 2022, in Scottsdale, Arizona. The summit aims to strengthen the U.S. semiconductor ecosystem and will gather leaders from the semiconductor supply chain. Sonderman will discuss strategies for revitalizing U.S. semiconductor manufacturing, emphasizing the importance of a secure microelectronics supply chain and workforce development. The event focuses on collaboration amid current semiconductor challenges.
SkyWater Technology (NASDAQ: SKYT) reported its Q1 2022 results, showcasing a revenue of $48.1 million, which remained unchanged year-over-year but increased 25% sequentially.
Despite this growth, the company faced a net loss of $16.6 million, or (35)% of revenue. Adjusted EBITDA was $(4.8) million.
The company executed a favorable contract with its largest customer, enhancing revenue visibility. Challenges persist with labor and supply chains, but confidence in achieving 25% annual growth remains as strategic initiatives progress.
SkyWater Technology (NASDAQ: SKYT) announced plans to report its first quarter fiscal 2022 financial results on May 3, 2022, after market close. A webcast will follow at 3:30 PM CDT to discuss the outcomes. SkyWater is a U.S.-owned semiconductor manufacturer providing a Technology as a Service model that supports diverse markets including aerospace, defense, and automotive. The company aims to streamline production processes and facilitate innovation across various tech sectors.
QuickLogic Corporation (NASDAQ: QUIK) has partnered with SkyWater Technology (NASDAQ: SKYT) to release the first rad-hard eFPGA IP for SkyWater's 90 nm RH90 process. This innovation provides enhanced design flexibility and fast boot capabilities, achieving sub-100 microsecond boot times. The eFPGA technology supports applications in defense, aerospace, and rugged environments while extending device life cycles. The collaboration aims to deliver high-density, high-performance solutions for mission-critical applications.
QuickLogic and SkyWater Technology announced a collaboration to offer a fast boot rad-hard embedded FPGA IP for aerospace, defense, and commercial applications. This technology will be integrated into SkyWater's 90 nm rad-hard process, the only U.S.-based Trusted foundry solution of its kind. The eFPGA IP allows for post-manufacturing design flexibility and features sub-100 microsecond boot times, a significant improvement over traditional FPGAs. This partnership aims to enhance the performance and reliability of devices used in harsh environments.
SkyWater Technology (NASDAQ: SKYT) reported a record revenue of $162.8 million for 2021, a 16% increase year-over-year, despite a 3% decline in fourth-quarter revenue to $38.5 million. The annual net loss was $50.7 million, or 31% of revenue, significantly impacted by a $13.4 million inventory write-down. Adjusted EBITDA was negative at $(2.6) million. The company anticipates revenue growth near 25% in 2022, driven by new programs and advancements in technology.
SkyWater Technology (NASDAQ: SKYT) has appointed Greg Graves to its board of directors, effective March 2, 2022. Graves, an experienced financial executive, has held roles including CFO at Entegris since 2007. His expertise in finance and the semiconductor industry is expected to enhance SkyWater's strategic initiatives and support financial growth. The board expresses confidence in Graves' ability to provide valuable guidance to create long-term shareholder value as the company navigates a transformative period in the semiconductor sector.
SkyWater Technology (NASDAQ: SKYT) plans to report its fourth quarter fiscal 2021 financial results on February 22, 2022, after market close. A webcast to discuss these results will take place on February 23, 2022, at 9:00 a.m. CT. SkyWater is a U.S.-owned semiconductor manufacturer and provides a Technology as a Service model to facilitate production for its clients, serving markets such as aerospace, defense, and IoT. Investors can access archived webcasts on its Investor Relations page.
SkyWater Technology (NASDAQ: SKYT) has initiated an apprenticeship program at its Bloomington, Minnesota facility in partnership with the National Institute of Innovation and Technology and Hennepin Technical College. The program focuses on developing equipment maintenance technician talent, combining on-the-job training with formal education. The first cohort of employees began in January 2022. SkyWater aims to expand this initiative to its Florida facility. The program underscores the need for a skilled workforce in the growing semiconductor industry.
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