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SkyWater Technology, Inc. (symbol: SKYT) is a U.S.-based, independent, pure-play technology foundry renowned for its semiconductor development and manufacturing services. Leveraging a rich history rooted in the pioneers of computing technology, SkyWater specializes in creating sophisticated semiconductor-based solutions for a myriad of vertical markets including computation, aerospace and defense, automotive, bio-health, and industrial sectors.
With its advanced development capabilities co-located with volume production, SkyWater stands out as a globally recognized facility, trusted by the Defense Microelectronics Activity (DMEA). The company’s unique Technology as a Service (TaaS) model allows it to co-develop process technology intellectual property (IP) with its clients, enabling innovative and disruptive concepts in microelectronics and nanotechnology applications.
SkyWater's fabrication facilities are designed to support a diverse range of special materials and technologies, providing them with the flexibility to innovate on any scale. Their comprehensive suite of services includes everything from initial design to final manufacturing, ensuring that clients receive tailored, end-to-end solutions built to meet the specific demands of high-growth industries.
Recent Achievements and Projects:
- Continuous advancements in semiconductor technology, enhancing performance and efficiency across various applications.
- Partnerships with leading companies and institutions to drive forward the development of next-generation microelectronics.
- Successful implementation of cutting-edge process technologies that serve critical sectors such as aerospace, defense, and bio-health.
SkyWater's commitment to innovation and quality has solidified its reputation as a leader in the semiconductor industry, making it a trusted partner for companies looking to bring groundbreaking technology to market.
SkyWater Technology (NASDAQ: SKYT) has introduced a new component to its RH90 IP ecosystem, focusing on 90 nm strategic rad-hard solutions designed for microelectronics in demanding environments. This initiative includes two SRAM compilers developed in collaboration with Mobile Semiconductor, enhancing SkyWater's offerings backed by a
SkyWater Technology (NASDAQ: SKYT) has partnered with Xperi Holding Corporation (NASDAQ: XPER) to license Adeia's advanced hybrid bonding technology. This agreement will enhance SkyWater's heterogeneous integration solutions, crucial for the evolving semiconductor industry focused on 3D packaging technologies. The hybrid bonding technology supports growing market demands, estimated to reach $8B by 2027, catering to sectors like aerospace, automotive, and IoT. SkyWater aims to streamline production processes while ensuring robust IP protection.
SkyWater Technology (NASDAQ: SKYT) has announced participation in two key investor conferences in Q2 2022. The first event is the Oppenheimer 7th Annual Emerging Growth Conference on
SkyWater, a U.S.-owned semiconductor manufacturer, provides a Technology as a Service model for diverse market applications.
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.
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