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SkyWater Technology, Inc. - SKYT STOCK NEWS

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.

News

SkyWater Signs Production Agreement with Nautilus Biotechnology to Fabricate Novel Biomedical Devices

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SkyWater Technology (SKYT) signs a production agreement with Nautilus Biotechnology, Inc. to supply silicon-based microfluidic bio chips for Nautilus’ proteome analysis system. This move marks a milestone as Nautilus transitions to SkyWater’s Wafer Services program from the Advanced Technology Services, showcasing the success of SkyWater’s Technology as a Service model. The partnership aims to enhance protein analysis, precision medicine, disease marker discovery, and drug target verification. SkyWater’s TaaS model offers technical capability, product development processes, and secure manufacturing, benefiting companies pursuing next-generation protein analysis by improving efficiency and reducing costs.
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SkyWater Technology to Announce Fourth Quarter Financial Results on February 26, 2024

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SkyWater Technology (NASDAQ: SKYT) plans to report its fourth quarter fiscal 2023 financial results on February 26, 2024, and will host a webcast to discuss its business and financial performance. The live webcast will be available at https://ir.skywatertechnology.com or directly at https://events.q4inc.com/attendee/406105446, with an archived version accessible on SkyWater Technology’s Investor Relations page.
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SkyWater Florida and Deca Technologies Announce $120M DOD Award to Expand Advanced Packaging Capabilities in Osceola County, Florida

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SkyWater Technology (SKYT) and Deca Technologies announce a significant new Department of Defense (DOD) effort to expand domestic fan-out wafer level packaging (FOWLP) capabilities, with an expected value of $120 million over five years and options for an additional $70 million. This initiative aims to support the reshoring of the semiconductor supply chain and strengthen America's supply chains, addressing the vital need for reshoring and standing up advanced packaging capabilities and capacity for low-volume/high-mix production of secure 2.5 and 3D Advanced System Integration and Packaging (ASIP) solutions.
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SkyWater Technology Announces Participation in 26th Annual Needham Growth Conference

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SkyWater Technology (NASDAQ: SKYT) to participate in 26th Annual Needham Growth Conference, with webcast scheduled on January 18th at 8:45am EST. Presentation material and webcast link will be available on the company's Investor Relations page.
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SkyWater Submits Application for U.S. CHIPS and Science Act Funding to Modernize Equipment and Enhance Production at its Minnesota Facility

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SkyWater Technology (SKYT) Submits Full Application for CHIPS Funding, Aims to Modernize Semiconductor Manufacturing Facility
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Government-funded IBAS Program Enters Next Phase of Silicon Interposer Development at NeoCity in Florida

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BRIDG (BRIDG) announces the U.S. Department of Defense-funded Industrial Base Analysis and Sustainment (IBAS) technology development program's phase four kick-off. The up to $20 million federal defense contract aims to establish a comprehensive domestic silicon interposer manufacturing capability, supporting advanced electronic systems. BRIDG, imec, and SkyWater Technology completed phase one in November 2022. The program provides advanced packaging technology for next-generation microelectronic multi-chip systems to strengthen national security and cyber resiliency for the U.S. defense industrial base.
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SkyWater Technology Announces Participation in 12th Annual NYC Summit

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SkyWater Technology (NASDAQ: SKYT) to Participate in 12th Annual NYC Summit
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SkyWater Technology Reports Third Quarter 2023 Results

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SkyWater Technology, Inc. (NASDAQ: SKYT) announced record Q3 2023 revenue of $71.6 million, a 37% YoY increase. Gross margin improved to 19.8% on a GAAP basis. Non-GAAP gross margin increased to 20.4%. Adjusted EBITDA was $8.3 million, or 11.6% of revenue. The company experienced net loss to shareholders of $7.6 million on a GAAP basis and $2.2 million on a non-GAAP basis.
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SkyWater Announces Availability of Cadence Open-Source PDK and Reference Design for SkyWater’s 130 nm Process

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SkyWater Technology announces a new open-source 130 nm process design kit (PDK) from Cadence Design Systems. The PDK will be available in the Cadence VLSI Fundamentals Education Kit, providing students with access to design simple logic circuits and implement a simplified microprocessor. This collaboration aims to overcome the restricted access and NDAs that have created barriers for academia. The SKY130 open-source offering has the potential to accelerate collaboration in semiconductor chip design and support the development of a domestic semiconductor workforce.
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SkyWater Technology to Announce Third Quarter Financial Results on November 8, 2023

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SkyWater Technology to report third quarter fiscal 2023 financial results and host webcast
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FAQ

What is the current stock price of SkyWater Technology (SKYT)?

The current stock price of SkyWater Technology (SKYT) is $13.75 as of December 20, 2024.

What is the market cap of SkyWater Technology (SKYT)?

The market cap of SkyWater Technology (SKYT) is approximately 650.6M.

What does SkyWater Technology do?

SkyWater Technology specializes in semiconductor development and manufacturing, offering a wide range of services from its dedicated foundry facilities.

What markets does SkyWater serve?

SkyWater serves high-growth markets such as computation, aerospace and defense, automotive, bio-health, and industrial sectors.

What is SkyWater's Technology as a Service (TaaS) model?

SkyWater's TaaS model involves co-developing process technology IP with customers to bring innovative microelectronics and nanotechnology applications to market.

Where is SkyWater Technology based?

SkyWater Technology is based in the United States.

What makes SkyWater different from other foundries?

SkyWater's expertise in special materials and its co-located advanced development and volume production capabilities set it apart from other foundries.

What recent projects has SkyWater undertaken?

SkyWater has been involved in projects advancing semiconductor technology and has formed partnerships to drive next-generation microelectronics development.

Is SkyWater Technology DMEA-trusted?

Yes, SkyWater Technology is trusted by the Defense Microelectronics Activity (DMEA).

Can SkyWater handle large-scale production?

Yes, SkyWater's facilities are equipped to support both advanced development and large-scale volume production.

Does SkyWater offer end-to-end solutions?

Yes, SkyWater provides comprehensive services from initial design to final manufacturing, ensuring tailored solutions for its clients.

How does SkyWater contribute to innovation in the semiconductor industry?

SkyWater contributes by continuously advancing semiconductor technologies and collaborating with partners to develop disruptive microelectronics and nanotechnology applications.

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SkyWater Technology, Inc.

Nasdaq:SKYT

SKYT Rankings

#2872 Ranked by Market Cap
N/A Ranked by Dividends

SKYT Stock Data

650.62M
22.65M
52.91%
27.46%
5.26%
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