SkyWater Technology, Inc. - SKYT STOCK NEWS

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.

SkyWater Technology (NASDAQ: SKYT) and Applied Novel Devices, Inc. (AND) have unveiled a breakthrough in transistor technology aimed at enhancing fast switching power conversion applications. The new power MOSFETs feature 2x lower output charge and near-zero reverse recovery, significantly improving efficiency and reducing losses in power management systems. With a superior specific on-resistance of < 5 mOhm-mm2 at 30V, these devices will cater to various sectors, including data centers and automotive applications, while offering products across 15-80V and plans for 200-1000V ranges.

On January 3, 2022, Comtech Telecommunications Corp. (NASDAQ: CMTL) announced the appointment of Michael Porcelain as Chief Executive Officer, effective December 31, 2021. Porcelain, who has been with the company in various leadership roles since 2018, succeeds Fred Kornberg, who remains as an advisor and non-executive Chairman. The company also appointed Wendi Carpenter and Mark Quinlan as independent directors. Porcelain expressed commitment to enhance performance and shareholder value during this pivotal time for Comtech.

SkyWater Technology (NASDAQ: SKYT) has appointed two new board members, Nancy Fares and Amy Leong, effective January 3, 2022, bringing the board total to eight. Ms. Fares, a former vice president at Qualcomm, holds extensive experience in the semiconductor industry. Ms. Leong has served in multiple high-level positions at FormFactor, enhancing her expertise in marketing and growth. Their appointments aim to strengthen SkyWater's leadership as the company capitalizes on emerging opportunities in the semiconductor market.