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, represented by CEO Thomas Sonderman, attended a White House ceremony where President Biden signed the CHIPS and Science Act of 2022. This legislation aims to reverse the decline in U.S. chip manufacturing and secure domestic semiconductor sources. SkyWater plans to seek $1.8 billion in CHIPS funding for a new semiconductor facility in Indiana, building a public-private partnership with the state and Purdue University. The company is focused on reshoring semiconductor production and supporting national security.
SkyWater Technology (NASDAQ: SKYT) joins the American Semiconductor Innovation Coalition (ASIC) to advance the National Semiconductor Technology Center (NSTC) and the National Advanced Packaging Manufacturing Program (NAPMP) under the CHIPS+ Act. The NSTC aims to enhance R&D in semiconductor manufacturing while bridging public-private gaps. SkyWater plans a
SkyWater Technology applauded the passage of the CHIPS and Science Act of 2022, aiming to restore U.S. semiconductor manufacturing, which has plummeted from over 30% to below 12% of global production.
The legislation is expected to boost public-private partnerships and private investments, ensuring the U.S. remains competitive in the tech sector and enhancing national security.
SkyWater, a DMEA-accredited semiconductor manufacturer, provides a variety of technology services, supporting crucial markets like aerospace, automotive, and IoT.
SkyWater Technology expresses gratitude to Congress for passing the CHIPS and Science Act of 2022, which aims to enhance U.S. semiconductor manufacturing capabilities. This legislation is seen as a crucial step in reversing a decline where U.S. global semiconductor production share has fallen from over 30% to less than 12%. Thomas Sonderman, President & CEO, highlights the act's role in stimulating private investments and public-private partnerships to strengthen America's leadership in R&D and manufacturing.
SkyWater Technology (NASDAQ: SKYT) has praised the passage of the CHIPS and Science Act of 2022, emphasizing its potential to restore U.S. semiconductor manufacturing, which has declined from over 30% to under 12% of global production.
The company believes this legislation will spur private investments and public-private partnerships, fostering leadership in R&D and enhancing national security.
SkyWater is dedicated to innovative semiconductor manufacturing, providing essential services across various markets.
SkyWater Technology (NASDAQ: SKYT) has secured a $15 million funding from the Department of Defense (DOD) to enhance its 90 nm process offering through open source design. This initiative is part of a broader $27 million investment. The collaboration with Google aims to democratize chip design and manufacturing, leveraging open source to accelerate innovation and enable a pipeline for intellectual property creation. This partnership is expected to improve accessibility and lower costs in chip design for various sectors, including national defense.
SkyWater Technology (NASDAQ: SKYT) will report its second quarter fiscal 2022 results for the period ending July 3, 2022, after market close on August 15, 2022. A webcast discussing the financial outcomes is scheduled for the same day at 3:30 PM CDT. As a U.S.-owned semiconductor manufacturer, SkyWater focuses on providing streamlined production services through its Technology as a Service model, catering to various sectors, including aerospace, automotive, and IoT.
SkyWater Technology (NASDAQ: SKYT) plans to invest $1.8 billion in a semiconductor research and production facility in Indiana. This initiative, part of a public-private partnership with the state and Purdue University, aims to secure funding from the CHIPS Act, facilitating increased domestic semiconductor manufacturing. The facility is expected to provide advanced development services and support local job creation while addressing global microelectronics shortages. The collaboration promises significant benefits for the U.S. government and commercial sectors.
SkyWater Technology (NASDAQ: SKYT) has secured a
SkyWater Technology (NASDAQ: SKYT) announced its participation in the 14th Annual CEO Summit on July 13, 2022, held at the St. Regis Hotel, San Francisco. The event offers investors and analysts an opportunity to engage in small group meetings with management teams, including SkyWater's. Presentation materials will be available on the company’s investor relations website. The summit will feature management from 12 companies, co-sponsored by Cowen & Co., Intro-act, Jefferies, and Stifel. Registration for the event is by invitation only, with a deadline of July 1, 2022.
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