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. (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 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.
SkyWater Technology (NASDAQ: SKYT) announced its participation in a workshop at Purdue University focused on microelectronics workforce development. CEO Thomas Sonderman joined industry leaders to discuss the urgent need for engineering graduates in defense technologies. The event supports a $19.2 million national initiative, SCALE, aimed at enhancing the semiconductor workforce. SkyWater's active role in this initiative aims to strengthen domestic semiconductor capabilities and align educational programs with industry needs, benefiting national security and innovation.
SkyWater Technology has signed a lease with Purdue Research Foundation to establish a presence in the WestGate@Crane Technology Park in Odon, Indiana. This location aims to foster collaboration in advanced semiconductor technology, particularly in areas like rad-hard electronics and advanced packaging. The initiative aligns with Indiana’s commitment to enhancing its domestic semiconductor manufacturing capabilities, as highlighted by a recent meeting between SkyWater's CEO Thomas Sonderman and Governor Eric Holcomb.
SkyWater Technology (NASDAQ: SKYT) has appointed Kevin Jackson as senior vice president of corporate development. With over 20 years of experience in the aerospace and defense sectors, Jackson's expertise is expected to enhance SkyWater's growth in the semiconductor industry, particularly in Radiation Hardened products and advanced packaging. He will oversee corporate strategy, financial risk analysis, and potential mergers or acquisitions to bolster market expansion. Jackson's prior role at Cobham Advanced Electronic Solutions showcases his extensive background in managing military programs.
SkyWater Technology (NASDAQ: SKYT) has achieved AS9100 certification for its Minnesota facility, which enhances its quality management system for aerospace and defense products. This certification streamlines customer engagement and opens new market opportunities, particularly in advanced packaging, a growing segment in the semiconductor industry. SkyWater, a trusted supplier, emphasizes its commitment to meeting customer requirements and plans to pursue similar certification for its Florida facility.
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