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, Inc. (NASDAQ: SKYT) reported its first quarter 2024 financial results with a record revenue of $79.6 million, marking a 20% year-over-year growth. Despite a decrease in gross margin to 16.3%, the company remains confident in its revenue growth projections for the year. Recent collaborations and customer-funded capex funding exceeding $100 million set a positive trajectory for SkyWater. However, net loss to shareholders increased to $5.7 million on a GAAP basis.
SkyWater Technology (SKYT) and Lumotive have collaborated to produce the world's first commercially available optical beamforming chip. Lumotive's product, utilizing SkyWater's Technology as a Service model, is a programmable optical metasurface that revolutionizes 3D sensing technology. The chip enables precise light manipulation at a subwavelength level, offering advantages in compactness, durability, speed, power consumption, and scalability for industrial sensors, autonomous vehicles, and more. The collaboration has resulted in the LM10 chip, which is already shipping globally and is set to redefine solid-state LIDAR technology for real-time interactions with the physical world.
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