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) has partnered with The MOSIS Service to enhance integrated circuit (IC) prototyping and production. This collaboration allows MOSIS to provide access to SkyWater’s CMOS technologies, supporting design verification and project milestones. MOSIS will assist in various design tasks, enabling teams to focus on quality tapeouts. The partnership aims to deliver significant services to the microelectronics community and anticipates an increase in projects, especially from the defense sector, reflecting SkyWater's commitment to U.S. technological leadership.
SkyWater Technology (NASDAQ: SKYT) announces its participation in the 11th Annual NYC Summit on December 13, 2022. This event allows investors and analysts to engage with multiple management teams, including SkyWater. Presentation materials will be available on the company's website. The Summit, by invitation only, includes management meetings and networking sessions. SkyWater specializes in semiconductor manufacturing and offers a Technology as a Service model, catering to various industries such as aerospace, automotive, and IoT.
SkyWater Technology (NASDAQ: SKYT) announced that its underwriter has fully exercised an option to purchase an additional
SkyWater Technology (NASDAQ: SKYT) has announced a $15.0 million public offering of its common stock, pricing shares at $9.00 each. The underwriter, Needham & Company, has a 30-day option to purchase an additional $2.25 million in shares. The company expects to receive approximately $13.7 million in net proceeds, which will be used for general corporate purposes, including operational funding and capital expenditures. The offering is projected to close around November 17, 2022.
SkyWater Technology (NASDAQ: SKYT) has initiated a registered public offering of its common stock. The company plans to offer shares at a public price, providing the underwriter a 30-day option to purchase additional shares. Proceeds from the offering will be directed towards general corporate purposes, including operational funding, debt repayment, and capital expenditures. Needham & Company serves as the sole book-running manager for this offering, which is backed by an effective shelf registration statement. This announcement does not constitute an offer to sell or a solicitation for purchase in restricted jurisdictions.
SkyWater Technology (NASDAQ: SKYT) reported record third-quarter revenues of $52.3 million, marking a 49% year-over-year increase and a 10% rise sequentially. Despite a net loss of $6.9 million, the company achieved an adjusted EBITDA of $3.8 million with a gross margin improvement to 15.8%. Key highlights include a $100 million Phase 2 Rad-Hard award and a $36 million grant in Florida. Looking ahead, SkyWater anticipates continued revenue growth in Q4, driven by key partnerships and ongoing developments in the semiconductor ecosystem.
SkyWater Technology (NASDAQ: SKYT) and BRIDG have successfully completed phase one of a DOD-funded Industrial Base Analysis and Sustainment program, establishing a domestic silicon interposer fabrication capability. This milestone supports the development of advanced electronic systems using silicon interposers, which enhance performance in heterogeneous integration applications. Elements from this phase will be applied in subsequent program phases to incorporate additional technologies. SkyWater aims to assist both government and commercial customers with interposer design and fabrication.
SkyWater Technology (NASDAQ: SKYT) has become a founding member of the Semiconductor Climate Consortium (SCC), which aims to reduce greenhouse gas emissions across the semiconductor industry. The SCC focuses on collaboration, transparency, and ambition—setting targets for net-zero emissions by 2050. This commitment aligns with the CHIPS for America Program and highlights SkyWater's dedication to sustainability and ESG initiatives.
SkyWater Technology (NASDAQ: SKYT) will disclose its third-quarter fiscal 2022 financial results on November 7, 2022, after market close, following which a management webcast is scheduled for 3:30 p.m. CST. This session will cover the company's financial performance. SkyWater specializes in semiconductor manufacturing and offers a Technology as a Service model, enabling customers in diverse markets like aerospace, automotive, and IoT to accelerate technology development. For the latest information, visit www.skywatertechnology.com.
SkyWater Technology (NASDAQ: SKYT) has announced a $12 million investment from the Department of Defense (DOD) to advance its 90 nm radiation-hardened (rad-hard) technology. This funding follows a previously announced investment of $27 million. The collaboration aims to enhance onshore production capabilities for strategic rad-hard electronics while developing an Early Access Program (EAP) for customers to evaluate improvements in circuit density, speed, power, and performance. SkyWater has partnered with Trusted Semiconductor Solutions and CAES to ensure successful qualification and productization of its RH90 process.
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