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 announced that President and CEO Thomas Sonderman will present a keynote at the ASMC 2023 about the impact of the CHIPS Act of 2022 on domestic semiconductor manufacturing. The event is scheduled from May 1-4 in Saratoga Springs, New York. The keynote will address key provisions of the CHIPS Act, which aims to revitalize U.S. semiconductor production, enhance supply chain security, and promote workforce development. Sonderman emphasized the importance of a national strategy to reclaim manufacturing leadership and accelerate innovation in critical technology sectors, including aerospace, defense, and automotive. The CHIPS Act is seen as a catalyst for building a secure and advanced semiconductor ecosystem in the U.S.
SkyWater Technology (NASDAQ: SKYT) has announced plans to release its first quarter fiscal 2023 financial results for the period ending April 2, 2023, on May 8, 2023, after market closure. Following the earnings report, management will host a webcast at 3:30 p.m. CDT (4:30 p.m. EDT) to discuss the company’s financial performance and business updates. SkyWater, a U.S.-based semiconductor manufacturer accredited as a Trusted Foundry, focuses on providing technology as a service, enabling customers to streamline production and innovation across various sectors including aerospace, defense, and IoT. Investors can access the live webcast and an archived version on the company’s Investor Relations page.
SkyWater Technology (NASDAQ: SKYT) has launched a new cryogenic lab in Bloomington, Minnesota, aimed at characterizing random telegraph signal (RTS) noise for read-out integrated circuits (ROICs). This development is essential for enhancing image quality in applications like night vision and military surveillance. Collaborating with the University of Tennessee and Arizona State University, SkyWater uses FormFactor's advanced cryogenic probe system to perform precise measurements. The ROIC market is projected to grow due to increased demand for infrared imaging systems across various industries.
SkyWater Technology (NASDAQ: SKYT) and Weebit Nano have launched Weebit's resistive RAM (ReRAM) IP in SkyWater's 130nm CMOS process. This collaboration enables the integration of innovative non-volatile memory (NVM) in systems-on-chip (SoCs) for applications across IoT, automotive, industrial, and medical sectors. Weebit ReRAM is designed to offer advantages like reduced power consumption, high write cycle endurance (up to 100K cycles), and robust performance under extreme conditions. The technology will be showcased at Embedded World 2023 and is expected to complete qualification in the first half of 2023.
SkyWater Technology (NASDAQ: SKYT) announced that CEO Thomas Sonderman will deliver a keynote at the U.S. International Semiconductor Executive Summit on March 7-8, 2023. His speech will focus on revitalizing domestic semiconductor manufacturing, highlighting the opportunities arising from the CHIPS and Science Act of 2022. Sonderman will discuss the importance of reshoring chip manufacturing, workforce development, and supply chain security. He emphasized that CHIPS funding will drive innovation in specialized semiconductor technologies, particularly in critical markets such as aerospace and biomedical. The summit aims to foster collaboration within the semiconductor industry.
SkyWater Technology (NASDAQ: SKYT) reported record revenues for Q4 2022 and the fiscal year. In Q4, revenue soared 69% year-over-year to $65.1 million, and gross margins improved significantly, reaching 25.4% GAAP. Despite a net loss of $3.0 million, losses per share showed substantial improvement from the prior year. For the fiscal year 2022, revenue rose 31% to $212.9 million with a gross margin of 12.2%. The company highlighted strong growth momentum and a new revenue baseline of approximately $60 million quarterly. Key partnerships and government grants bolster prospects, particularly in the semiconductor sector.
SkyWater Technology (NASDAQ: SKYT) has announced a strategic partnership with VORAGO Technologies to implement VORAGO’s patented HARDSIL® technology. This collaboration will move VORAGO’s fabrication efforts to SkyWater’s DMEA-accredited facility, enhancing the performance of radiation-hardened devices for commercial, aerospace, and defense applications. The HARDSIL process allows for higher temperature operation and radiation resistance without altering die size or design specifications. This partnership aligns with the U.S. initiative to strengthen domestic semiconductor manufacturing amid silicon shortages.
SkyWater Technology (NASDAQ: SKYT) announced plans to report its fourth quarter fiscal 2022 financial results on February 13, 2023, after market close. A webcast will follow at 3:30 p.m. CST to discuss the results. As a U.S.-owned semiconductor manufacturer, SkyWater provides a Technology as a Service model, aiding customers in moving from development to production efficiently. Their services cover various technology sectors such as aerospace, automotive, biomedical, and IoT. Investors can access the live webcast and archived materials on the company's Investor Relations page.
SkyWater Technology (NASDAQ: SKYT) has signed a three-year $100 million senior secured revolving credit facility, enhancing its borrowing capacity. This facility features an accordion option for an additional $30 million, totaling up to $130 million. The funds will support general corporate purposes, including working capital and growth initiatives. SkyWater's CFO stated that this facility provides increased financial flexibility, reflecting the company’s improved credit profile.
The partnership with Siena Lending Group and Great Rock Capital is aimed at facilitating SkyWater's growth strategy.
SkyWater Technology (NASDAQ: SKYT) announced its participation in the 25th Annual Needham Growth Conference, set for January 10 at 3:00 PM EST, held at the Lotte New York Palace Hotel. The company will provide a live webcast of its presentation, accessible on its investor page. SkyWater specializes in semiconductor manufacturing and operates as a DMEA-accredited Trusted Foundry, offering innovative Technology as a Service solutions that cater to various sectors, including aerospace, automotive, and IoT. More details can be found on their website.
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