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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 Appoints John Sakamoto as President and Chief Operating Officer

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SkyWater Technology announces John Sakamoto as president and COO to drive growth and profitability
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SkyWater Installs Atomic Layer Deposition System for Development and Production of Advanced Technologies

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SkyWater Technology to offer customers a new semiconductor processing tool for atomic layer deposition (ALD), the Applied Picosun Morpher ALD tool
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SkyWater Announces Appointment of Retired U.S. Army General Edward M. Daly to its Board of Directors

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SkyWater Technology appoints General Edward M. Daly to its board of directors, bringing valuable leadership experience and expertise to the company.
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SkyWater Technology to Participate in Jefferies Semiconductor, IT Hardware & Communications Technology Summit

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SkyWater Technology (NASDAQ: SKYT) will be participating in the annual Jefferies semiconductor conference in Chicago. The conference includes one-on-one and small group meetings, as well as a fab tour at SkyWater Bloomington. Investor presentation material will be available on SkyWater Technology's Investor Relations page.
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SkyWater Technology Reports Second Quarter 2023 Results

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SkyWater Technology reports record revenues and increased gross margin for Q2 2023. Revenue increased 47% YoY to $69.8 million. Gross margin increased to 23.9% on a GAAP basis and 24.7% on a non-GAAP basis. Net loss to shareholders of $8.6 million on a GAAP basis and $6.4 million on a non-GAAP basis. Adjusted EBITDA of $6.5 million. CEO expresses confidence in achieving long-term revenue growth objective of 25% in 2023.
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SkyWater Florida and BRIDG Announce Installation of Nordson’s Leading C-SAM System to Enhance Metrology Capabilities at the Center for Neovation

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Paul Sura to lead Technology and Manufacturing Operations at SkyWater

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SkyWater Technology to Announce Second Quarter Financial Results on August 7, 2023

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SkyWater CEO Thomas Sonderman to Deliver Keynote at SEMICON West

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SkyWater Technology's President and CEO, Thomas Sonderman, will provide a keynote at SEMICON West 2023 on July 13th. The presentation will address the workforce shortage in the semiconductor industry and highlight new talent development programs. The semiconductor industry is expected to experience a surge in new fabs being constructed, creating a significant demand for skilled workers. By 2030, an estimated 250,000 new workers will be required, including 50,000 engineers and 200,000 technicians and support functions. Sonderman emphasizes the need to make semiconductor careers exciting and appealing through apprenticeships, internships, and scholarships. The CHIPS and Science Act aims to boost domestic research and semiconductor manufacturing. Sonderman will discuss the legislation and the importance of public-private partnerships in revitalizing domestic manufacturing and developing the workforce of the future. SkyWater has implemented programs like VetWorks to help veterans transition to careers in the semiconductor industry. The company also has public-private partnerships, such as the Embedded Rotational Program and advanced packaging operations in Osceola County, Florida.
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SkyWater Foundation’s First Annual College Scholarship Program Awards $100,000 in Support of U.S. Workforce Development

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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%
Semiconductors
Semiconductors & Related Devices
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United States of America
BLOOMINGTON