SkyWater Applauds Senate Action and the White House 100-Day Supply Chain Review Report
SkyWater Technology (NASDAQ: SKYT) commends the U.S. Senate for passing the U.S. Innovation and Competition Act, which allocates $52 billion towards semiconductor research and manufacturing. CEO Thomas Sonderman emphasizes the urgent need to re-shore semiconductor manufacturing, noting a long-standing decline in domestic production. Recently, Senator Amy Klobuchar and Representative Dean Phillips visited SkyWater's Minnesota facility to explore ways to enhance U.S. semiconductor capabilities. SkyWater specializes in custom semiconductor solutions, serving various sectors including aerospace, automotive, and defense.
- U.S. Senate's passage of the U.S. Innovation and Competition Act can lead to $52 billion in funding for semiconductors.
- SkyWater's commitment to re-shore semiconductor production aligns with U.S. economic strengthening efforts.
- Long-term decline in U.S. semiconductor production highlights existing challenges in the industry.
SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner and only U.S. investor-owned, pure-play foundry, today applauded the U.S. Senate on its overwhelming bipartisan passage of the U.S. Innovation and Competition Act. The developing piece of legislation is expected to provide
“The unprecedented efforts by the President and the Senate to create solutions for re-shoring semiconductor manufacturing infrastructure will strengthen critical sectors of the U.S. economy,” said Thomas Sonderman, president and CEO of SkyWater.
Last week, SkyWater hosted Senator Amy Klobuchar and Representative Dean Phillips at its Minnesota facility to discuss challenges and opportunities for increasing domestic capabilities for microelectronics manufacturing. Their discussion focused on identifying opportunities for easing supply chain constraints through various means that would have both short- and long-term impact for supporting efforts to increase domestic semiconductor output in key markets such as automotive, medical and defense.
Sonderman continued, “The production of semiconductors in the U.S. has been declining for decades. It’s time for a market recalibration. We need to immediately begin re-shoring American semiconductor manufacturing. SkyWater is ready to do our part once the House passes, and President Biden signs, the U.S. Innovation and Competition Act.”
About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned and U.S.-based pure-play semiconductor foundry and is a DOD-accredited Trusted supplier, specializing in custom technology development services, volume manufacturing and advanced packaging capabilities. Through its Technology Foundry model, SkyWater’s world-class operations in Bloomington, Minnesota and Kissimmee, Florida provide unique processing capabilities to enable quality production and advanced packaging for mixed-signal CMOS, power, rad-hard and ROIC solutions. SkyWater’s Advanced Technology Services empower development of superconducting and 3D ICs, along with carbon nanotube, photonic and MEMS devices. The company serves customers in growing markets such as aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. Please visit www.skywatertechnology.com/ for more information.
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