SkyWater Technology Inc - SKYT STOCK NEWS

SkyWater Technology's President and CEO, Thomas Sonderman, will provide a keynote at SEMICON West 2023 on July 13th. The presentation will address the workforce shortage in the semiconductor industry and highlight new talent development programs. The semiconductor industry is expected to experience a surge in new fabs being constructed, creating a significant demand for skilled workers. By 2030, an estimated 250,000 new workers will be required, including 50,000 engineers and 200,000 technicians and support functions. Sonderman emphasizes the need to make semiconductor careers exciting and appealing through apprenticeships, internships, and scholarships. The CHIPS and Science Act aims to boost domestic research and semiconductor manufacturing. Sonderman will discuss the legislation and the importance of public-private partnerships in revitalizing domestic manufacturing and developing the workforce of the future. SkyWater has implemented programs like VetWorks to help veterans transition to careers in the semiconductor industry. The company also has public-private partnerships, such as the Embedded Rotational Program and advanced packaging operations in Osceola County, Florida.

SkyWater Technology announces expanded development agreement with PsiQuantum to produce silicon photonic chips for quantum computing systems. Collaboration aims to deliver a commercially viable, error-corrected quantum computer. SkyWater's TaaS model enables efficient development and production of advanced technologies.