SkyWater to Acquire Infineon’s Austin Fab and Establish Strategic Partnership to Expand U.S. Foundry Capacity for Foundational Chips
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Transaction strengthens
U.S. -based production of essential chips for industrial, automotive and defense applications -
SkyWater plans to expand 200 mm capacity, technology offerings and capabilities while supporting
U.S. -based dual-sourcing strategies in critical industries -
Long-term supply agreement ensures Infineon a continued high-volume manufacturing base in the
U.S.
Infineon and SkyWater believe that this strategic partnership will enhance the long-term viability and utilization of Fab 25. The transaction also affirms the long-term perspective for nearly 1,000 manufacturing jobs at Fab 25, since all current Fab 25 employees will become SkyWater employees as part of the agreement.
SkyWater is a
"The transaction fully aligns with Infineon's manufacturing strategy to create synergies with strategic foundry partners when in-house manufacturing does not offer competitive advantages,” said Alexander Gorski, Executive Vice President and Head of Frontend Operations at Infineon. “The partnership with SkyWater creates mutual benefits and synergies, supports our profitable growth and provides us with a strong and trusted foundry partner, thereby safeguarding our long-term supply base in the
“This milestone expands our partnership with Infineon and significantly increases our
The
About Infineon
Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 58,060 employees worldwide and generated revenue of about
SkyWater Investor Webcast
SkyWater will host a conference call today, Wednesday, February 26, 2025, at 7:30 a.m. CT (8:30 a.m. ET) to discuss its fourth quarter and fiscal year 2024 financial results. SkyWater will also discuss on the conference call additional information regarding the Fab 25 transaction. A live webcast of the call will be available online at IR.SkyWaterTechnology.com.
SkyWater Form 8-K
SkyWater is filing a Form 8-K with the
About SkyWater
SkyWater (NASDAQ: SKYT) is a
SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on SkyWater’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause SkyWater’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause SkyWater’s actual results to be different than expected or anticipated include, but are not limited to, ability to obtain necessary regulatory approvals and satisfy other conditions to the proposed Fab 25 transaction on the anticipated timeframe or at all; ability to realize the expected benefits of the proposed Fab 25 transaction; ability to promptly and effectively integrate Fab 25’s operations; negative effects relating to the announcement of the proposed Fab 25 transaction or the consummation of the proposed Fab 25 transaction on the market price of SkyWater’s common stock; significant transaction costs and/or unknown or inestimable liabilities; general economic and business conditions that may affect the combined company following the consummation of the proposed Fab 25 transaction; and other factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that SkyWater files with the SEC, which are available at http://www.sec.gov. SkyWater assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.
SKYT-CORP
View source version on businesswire.com: https://www.businesswire.com/news/home/20250226773415/en/
SkyWater Media Contact: Lauri Julian lauri.julian@skywatertechnology.com
SkyWater Investor Contact: Claire McAdams claire@headgatepartners.com
Infineon Investor Contact: Daniel.Gyoery| daniel.gyoery@infineon.com
Infineon Media Contact: Andre Tauber| andre.tauber@infineon.com
Source: SkyWater Technology