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) announced a $56 million investment to enhance its Minnesota facility and accelerate its entry into the 200 mm GaN market. This move aims to solidify its leadership in aerospace, defense, industrial, and automotive sectors. For Q2 2021, SkyWater anticipates net sales of $41.0 to $41.5 million, with a net loss of $7.0 to $8.0 million. Notable achievements include transitioning customers to Wafer Services and launching a 90 nm rad-hard program.
SkyWater Technology (NASDAQ: SKYT) will report its second quarter fiscal 2021 financial results on August 3, 2021, after market close. A webcast to discuss the results will be held on August 4, 2021, at 9:00 a.m. CT. The company specializes in custom technology development and volume semiconductor manufacturing, serving sectors such as aerospace, automotive, and IoT. As a DOD-accredited supplier, SkyWater provides advanced packaging capabilities and technology services essential for various applications, including superconducting and MEMS devices.
SkyWater Technology (NASDAQ: SKYT) has launched its first Early Access Program multi-project wafer shuttle using its 90 nm Strategic Rad-Hard by Process platform. This innovation is expected to enhance performance in harsh radiation environments. The initial shuttle utilizes aluminum interconnect technology, with future shuttles planned to incorporate copper interconnects. The development is supported by a significant investment from the U.S. Department of Defense aimed at boosting microelectronics capabilities. The RH90 process is projected to double performance for certain applications, catering to aerospace and defense needs.
SkyWater Technology (NASDAQ: SKYT) will join the Russell 3000 Index effective June 28, 2021, following the annual reconstitution. This inclusion enhances visibility for SkyWater within the investment community, following their IPO in April 2021. The Russell 3000 Index includes the largest 4,000 U.S. stocks, which are ranked by market capitalization. Approximately $10.6 trillion in assets are managed against Russell's indexes, providing significant benchmark advantages for the company.
CAES has partnered with SkyWater Technology (NASDAQ: SKYT) to enhance the design and manufacturing of radiation-hardened integrated circuits and systems-in-package. This collaboration aims to bolster SkyWater's DOD-accredited semiconductor supply chain, critical for U.S. national security. CAES will leverage its expertise in RadHard technology to support strategic defense initiatives. The partnership will involve qualification of SkyWater’s 90 nm RadHard process technology and development of essential design libraries, paving the way for various high-reliability microelectronic applications.
SkyWater Technology (NASDAQ: SKYT) commends the U.S. Senate for passing the U.S. Innovation and Competition Act, which allocates $52 billion towards semiconductor research and manufacturing. CEO Thomas Sonderman emphasizes the urgent need to re-shore semiconductor manufacturing, noting a long-standing decline in domestic production. Recently, Senator Amy Klobuchar and Representative Dean Phillips visited SkyWater's Minnesota facility to explore ways to enhance U.S. semiconductor capabilities. SkyWater specializes in custom semiconductor solutions, serving various sectors including aerospace, automotive, and defense.
SkyWater Technology (NASDAQ: SKYT) announced the appointment of Amanda Daniel as its first Chief Human Resources Officer (CHRO). With over 20 years in high-tech manufacturing, Daniel will lead human resource strategies to support the company’s growth objectives in the Technology as a Service (TaaS) sector. Aiming to enhance talent acquisition and organizational development, she brings a strong background in fostering diversity and inclusion. CEO Thomas Sonderman emphasized that her expertise will be pivotal in optimizing SkyWater's performance-driven culture as the company scales its operations.
SkyWater Technology (NASDAQ: SKYT) has appointed Gregg Damminga as its first Fellow, recognizing his significant contributions to technology leadership since the company's inception in 2017. Damminga, a veteran with 30 years in the semiconductor field, will play a pivotal role in enhancing SkyWater's Advanced Technology Services (ATS) and driving the company’s Technology as a Service (TaaS) model, which streamlines technology development and manufacturing. SkyWater's ATS division now constitutes two-thirds of its overall business, underlining its rapid growth and vital importance to the company’s strategy.
SkyWater Technology (NASDAQ: SKYT) recently hosted U.S. Senator Amy Klobuchar and Representative Dean Phillips at its Minnesota facility to discuss the microelectronics supply chain. The leaders emphasized the need to boost domestic production of semiconductors, a sector that has declined over decades. Klobuchar noted SkyWater's growth amidst challenges, citing it as a success story with 500 employees. The visit coincided with ongoing government initiatives aimed at reshoring chip manufacturing, including the U.S. Innovation and Competition Act, which combines funding from the CHIPS Act and other proposals.
SkyWater Technology (NASDAQ: SKYT) announced its participation in the 49th Annual Cowen Technology, Media & Telecom Conference on June 2, 2021. Thomas Sonderman, president and CEO, and Steve Manko, CFO, will engage in a virtual fireside chat at 1:30 p.m. CT. A live webcast and replay will be accessible on the company's investor relations website. SkyWater is a U.S.-based semiconductor foundry, recognized as a DOD-accredited Trusted supplier, specializing in custom development and advanced packaging services.
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