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. (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and pure-play technology foundry whose news flow reflects its role in critical domestic manufacturing and advanced electronics. As a DMEA-accredited Category 1A Trusted Foundry and Trusted Supplier, the company’s announcements often center on its Technology as a Service model, which combines development services, wafer production and heterogeneous integration in U.S. facilities.
Investors following SKYT news can expect regular updates on quarterly financial results, segment performance for Legacy SkyWater and SkyWater Texas, and commentary on Advanced Technology Services (ATS) development revenue, wafer services revenue and tools revenue. Earnings releases and related Form 8-K filings provide insight into gross margin trends, adjusted EBITDA and the impact of major transactions such as the acquisition of the Fab 25 business in Texas.
SkyWater’s news also highlights collaborations and technology milestones. Recent releases describe partnerships with Silicon Quantum Computing and QuamCore to advance hybrid quantum-classical computing and superconducting control architectures, underscoring the company’s role in the emerging quantum computing ecosystem. Other announcements cover access to silicon-proven mixed-signal ASIC IP through its S130 platform, aimed at automotive, industrial, medical and consumer applications within a secure U.S. supply chain.
In addition, SKYT regularly reports participation in investor conferences and industry events, where management discusses the company’s positioning in aerospace and defense, automotive, biomedical, industrial and quantum computing markets. For readers tracking SKYT, this news page aggregates financial disclosures, strategic collaborations, manufacturing expansions and capital markets activities in one place, making it a useful reference for ongoing developments in the company’s semiconductor foundry business.
SkyWater Technology (SKYT) has agreed to acquire Infineon Technologies' 200mm fab (Fab 25) in Austin, Texas, along with establishing a long-term supply agreement. The facility will operate as a foundry, producing critical chips for industrial, automotive, and defense applications on 130nm to 65nm nodes.
The acquisition will significantly expand SkyWater's foundry capabilities, adding 65nm infrastructure, enhanced copper processing, and high-voltage BCD technology. The deal includes transferring nearly 1,000 Fab 25 employees to SkyWater and maintains Infineon's strong U.S. manufacturing presence.
The facility currently produces up to one billion semiconductor chips annually. This strategic partnership aims to strengthen the U.S. domestic semiconductor supply chain and enhance manufacturing capacity for foundational chips. The transaction, pending regulatory approval, will transition Fab 25's business model from Integrated Device Manufacturer (IDM) to foundry, serving a broader customer base.
SkyWater Technology (NASDAQ: SKYT) reported mixed Q4 2024 results with revenue declining 5% YoY to $75.5 million, while gross margin improved to 25.6% from 15.2% in Q4 2023. The company posted a Q4 GAAP net loss of $0.7 million ($(0.01) per share).
For full fiscal year 2024, SKYT achieved record revenue of $342.3 million, up 19% YoY, though gross margin slightly decreased to 20.3% from 20.7%. Advanced Technology Services (ATS) revenue grew 13% to $238.6 million, while Wafer Services declined 56%. The company recognized $76.8 million in Tools revenue, representing 22% of total revenue.
Looking ahead to Q1 2025, SKYT projects revenue between $59-63 million with expected GAAP net loss per share of $(0.14) to $(0.20). The company secured a preliminary $16 million CHIPS program award and $19 million in Minnesota state incentives to enhance production capabilities.
SkyWater Technology (NASDAQ: SKYT) has announced a change in the timing of its fourth quarter and full year 2024 financial results release. The company has moved the earnings report and webcast earlier to precede market open on Wednesday, February 26th, 2025, at 7:30 a.m. CST (8:30 a.m. EST). This rescheduling was done to avoid overlap with other semiconductor companies reporting that afternoon.
The earnings webcast will be accessible through SkyWater's Investor Relations website, with an archived version available for later viewing.
SkyWater Technology (NASDAQ: SKYT) has announced it will release its fiscal fourth quarter and full year 2024 financial results after market close on Wednesday, February 26, 2025. The company will host a webcast at 3:30 p.m. CST (4:30 p.m. EST) on the same day to discuss the business and financial results. Investors can access the live webcast through the company's investor relations website, and an archived version will be available afterward.
SkyWater Technology (NASDAQ: SKYT) has launched ThermaView℠ Solutions, a comprehensive suite of services and technologies for thermal imaging system designers. The initial offering includes their 90nm CMOS process (S90LN), specifically designed for read-out ICs (ROICs) in thermal imaging applications.
The S90LN platform features industry-leading low noise performance and high-density routing technology, enabling up to 15% improvement in chip density compared to conventional 90nm technology. These ROICs are designed to perform reliably in extreme conditions, including high altitude and space applications.
The thermal cameras market is projected to reach $9 billion by 2029, according to Yole Intelligence. As a DMEA-accredited Category 1A Trusted Supplier with IATF16949 automotive certification, SkyWater aims to serve aerospace, defense, automotive, and industrial markets with domestically sourced solutions.
SkyWater Technology (NASDAQ: SKYT) has announced its participation in the 27th Annual Needham Growth Conference at the Lotte New York Palace. The company's management will engage in a fireside chat, scheduled for Wednesday, January 15th at 11:45am EST.
The presentation will be accessible through a live webcast at wsw.com/webcast/needham143/skywa/2473174. Investors and interested parties can access both the presentation materials and the webcast (live and archived versions) through SkyWater's Investor Relations page at ir.skywatertechnology.com.
SkyWater Technology (NASDAQ: SKYT) has signed a preliminary memorandum of terms for up to $16 million in CHIPS Act funding from the U.S. Department of Commerce, complemented by $19 million in incentives from Minnesota's Forward Fund. Combined with existing customer-funded CapEx co-investments of $320 million through 2026, total outside investments are expected to exceed $350 million this decade.
The funding will enhance production capabilities at SkyWater's Minnesota facility, targeting aerospace, defense, biomedical, industrial, thermal imaging, and quantum computing markets. Key objectives include increasing 200mm semiconductor production capacity by 30% and creating 70 new jobs in Bloomington. The company will also benefit from an Advanced Manufacturing Investment Tax Credit of up to 25% on qualified capital expenditures.
SkyWater Technology (NASDAQ: SKYT) has amended its Loan and Security Agreement with Siena Lending Group and GRC SPV Investments, The amendment extends the revolving loan commitment to December 31, 2028 and increases borrowing capacity from $100 million to $130 million, with an additional $30 million available under an accordion feature. The facility includes a new $25 million capital expenditure sublimit for eligible equipment investments. The amendment also introduces enhanced flexibility for CapEx-related borrowings and includes a revised EBITDA definition. The company plans to use the increased capacity for capital investments, working capital, and growth initiatives.
Quantum-Si (QSI) and SkyWater Technology are expanding their collaboration to develop the consumable for Proteus™, QSI's next-generation protein sequencing platform. This builds upon their existing partnership since 2021 on the first-generation Platinum® platform. SkyWater will continue supplying consumables for Platinum Pro while supporting Proteus commercialization. The new platform aims to enable simultaneous large factor protein sequencing with enhanced accuracy. SkyWater, certified to ISO 13485 Quality Standard for Medical Devices, will leverage its Technology as a Service (TaaS) model and manufacturing capabilities to support this development.
SkyWater Technology (NASDAQ: SKYT) announced its participation in the 13th Annual NYC Summit investor conference, scheduled for December 17, 2024, at Mastro's Steakhouse New York. The company will be among 18 companies collectively hosting the event. SkyWater will make its investor presentation materials available on its investor relations website.
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