SkyWater Technology, Inc. reports news on its U.S.-based pure-play semiconductor foundry operations, including Technology as a Service development, wafer services, foundational-node manufacturing and advanced packaging. The company serves commercial customers and federal defense programs through facilities in Minnesota, Florida and Texas, with recurring updates tied to domestic foundry capacity and semiconductor platform expansion.
SkyWater news also covers operating and financial results, material agreements, capital-structure matters, shareholder voting topics, commercial leadership changes and investor conference participation. Company updates commonly frame the business around U.S. semiconductor supply-chain resilience, trusted foundry status and advanced manufacturing services for emerging technologies such as quantum computing and next-generation systems.
SkyWater Technology (NASDAQ: SKYT) will join the Russell 3000 Index effective June 28, 2021, following the annual reconstitution. This inclusion enhances visibility for SkyWater within the investment community, following their IPO in April 2021. The Russell 3000 Index includes the largest 4,000 U.S. stocks, which are ranked by market capitalization. Approximately $10.6 trillion in assets are managed against Russell's indexes, providing significant benchmark advantages for the company.
CAES has partnered with SkyWater Technology (NASDAQ: SKYT) to enhance the design and manufacturing of radiation-hardened integrated circuits and systems-in-package. This collaboration aims to bolster SkyWater's DOD-accredited semiconductor supply chain, critical for U.S. national security. CAES will leverage its expertise in RadHard technology to support strategic defense initiatives. The partnership will involve qualification of SkyWater’s 90 nm RadHard process technology and development of essential design libraries, paving the way for various high-reliability microelectronic applications.
SkyWater Technology (NASDAQ: SKYT) commends the U.S. Senate for passing the U.S. Innovation and Competition Act, which allocates $52 billion towards semiconductor research and manufacturing. CEO Thomas Sonderman emphasizes the urgent need to re-shore semiconductor manufacturing, noting a long-standing decline in domestic production. Recently, Senator Amy Klobuchar and Representative Dean Phillips visited SkyWater's Minnesota facility to explore ways to enhance U.S. semiconductor capabilities. SkyWater specializes in custom semiconductor solutions, serving various sectors including aerospace, automotive, and defense.
SkyWater Technology (NASDAQ: SKYT) announced the appointment of Amanda Daniel as its first Chief Human Resources Officer (CHRO). With over 20 years in high-tech manufacturing, Daniel will lead human resource strategies to support the company’s growth objectives in the Technology as a Service (TaaS) sector. Aiming to enhance talent acquisition and organizational development, she brings a strong background in fostering diversity and inclusion. CEO Thomas Sonderman emphasized that her expertise will be pivotal in optimizing SkyWater's performance-driven culture as the company scales its operations.
SkyWater Technology (NASDAQ: SKYT) has appointed Gregg Damminga as its first Fellow, recognizing his significant contributions to technology leadership since the company's inception in 2017. Damminga, a veteran with 30 years in the semiconductor field, will play a pivotal role in enhancing SkyWater's Advanced Technology Services (ATS) and driving the company’s Technology as a Service (TaaS) model, which streamlines technology development and manufacturing. SkyWater's ATS division now constitutes two-thirds of its overall business, underlining its rapid growth and vital importance to the company’s strategy.
SkyWater Technology (NASDAQ: SKYT) recently hosted U.S. Senator Amy Klobuchar and Representative Dean Phillips at its Minnesota facility to discuss the microelectronics supply chain. The leaders emphasized the need to boost domestic production of semiconductors, a sector that has declined over decades. Klobuchar noted SkyWater's growth amidst challenges, citing it as a success story with 500 employees. The visit coincided with ongoing government initiatives aimed at reshoring chip manufacturing, including the U.S. Innovation and Competition Act, which combines funding from the CHIPS Act and other proposals.
SkyWater Technology (NASDAQ: SKYT) announced its participation in the 49th Annual Cowen Technology, Media & Telecom Conference on June 2, 2021. Thomas Sonderman, president and CEO, and Steve Manko, CFO, will engage in a virtual fireside chat at 1:30 p.m. CT. A live webcast and replay will be accessible on the company's investor relations website. SkyWater is a U.S.-based semiconductor foundry, recognized as a DOD-accredited Trusted supplier, specializing in custom development and advanced packaging services.
SkyWater Technology announced the launch of the chipIgnite program in collaboration with Efabless to democratize chip design and fabrication. This initiative expands on the SKY130 open-source chip manufacturing program, enabling private commercial designs. The program offers low-cost manufacturing, development boards, and firmware to streamline design validation. The initial run focuses on university projects, with a submission deadline of June 18, 2021, and delivery planned for early October. The initiative is supported by industry partners like QuickLogic and CHIPS Alliance.
SkyWater Technology (NASDAQ: SKYT) reported a 30% increase in net sales for Q1 2021, reaching $48.1 million. However, the company posted a net loss of $2.8 million, equating to (6%) of net sales. The Adjusted EBITDA was $5.6 million, or 12% of net sales. The growth was driven by the Advanced Technology Services (ATS) sector, with sales hitting $38.1 million, a 61% year-over-year rise. SkyWater's progress in the Advanced Packaging fab and partnerships further support future growth.
SkyWater Technology (NASDAQ: SKYT) announced participation in the 16th Annual Needham Virtual Technology & Media Conference on May 20, 2021. CEO Thomas Sonderman and CFO Steve Manko will engage in a fireside chat scheduled for 12:30 p.m. CT (1:30 p.m. ET). A live webcast and replay will be accessible on their investor relations site.
SkyWater is a U.S.-based semiconductor foundry, known for custom technology development and advanced packaging. The company primarily serves markets such as aerospace, automotive, and IoT, with operations in Minnesota and Florida.