Press Releases

SkyWater Technology to Announce Fourth Quarter Financial Results on February 26, 2024

By Rocket55 |

BLOOMINGTON, Minn. – January 29, 2024 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report fourth quarter fiscal 2023 financial results for the period ended December 31, 2023 following the close of the market on Monday, February 26, 2024. The same afternoon, management will host a webcast to discuss its business and financial results.

SkyWater Technology Fourth Quarter Fiscal 2023 Earnings Webcast
When: Monday, February 26, 2024
Time: 3:30 p.m. CST (4:30 p.m. EST)
Live Webcast: available at https://ir.skywatertechnology.com or directly at https://events.q4inc.com/attendee/406105446.

An archived webcast will be available on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com.

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Foundry. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit www.skywatertechnology.com/.

SkyWater Investor Contact: Claire McAdams  | claire@headgatepartners.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

SkyWater Florida and Deca Technologies Announce $120M DOD Award to Expand Advanced Packaging Capabilities in Osceola County, Florida

By Rocket55 |

SkyWater is the first domestic provider of Deca’s M-Series™ fan-out and Adaptive Patterning® technologies to support the reshoring of the semiconductor supply chain

KISSIMMEE, Fla. – January 10, 2024 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, and  Deca Technologies (Deca), a leading provider of advanced electronic interconnect technology, today announced the kick-off of a significant new Department of Defense (DOD) effort to expand domestic fan-out wafer level packaging (FOWLP) capabilities for both government and commercial customers. These capabilities will be made possible through the five-year DOD contract recently awarded to Osceola County and SkyWater Florida, which is expected to fund the facilitization, tooling and build-out of the Center for Neovation. With an expected value of $120 million over five years, the award includes options for an additional $70 million, for a total value of up to $190 million. SkyWater is the first domestic licensee of Deca’s M-Series and Adaptive Patterning solutions to support the reshoring of the semiconductor supply chain.

The first generation of Deca’s M-Series FOWLP is broadly adopted across multiple device technology nodes in leading smartphones. Deca’s Gen 2 M-Series delivers a powerful new heterogenous integration solution for designers and manufacturers by streamlining the design and assembly processes and providing additional flexibility for multi-chip architectures with sub 20µm pitch. The Gen 2 M-series provides advantages to many markets such as artificial intelligence, high-performance computing and other advanced applications, giving system architects limitless potential through reticle-free maskless digital lithography and the flexibility of a molded interposer layer.

Through SkyWater’s collaboration with Deca, embedded devices including active and passive bridge die, integrated passives and a powerful technology roadmap are planned. SkyWater will implement Deca’s Adaptive Patterning, the industry’s only real-time design-during-manufacturing capability, allowing designers to scale to unprecedented device interface density with wider process windows for robust manufacturability.

The award is part of the DOD’s Office of the Secretary of Defense (OSD’s) Re-shore Ecosystem for Secure Heterogeneous Advanced Packaged Electronics (RESHAPE) efforts, and directly supports the Biden-Harris Administration’s initiatives to strengthen America’s supply chains. This initiative is significant as less than 3% of semiconductor advanced packaging manufacturing takes place in the U.S., posing national security and economic risks for domestic businesses as chips go overseas for this critical step.

In response to the vital need for reshoring, Osceola County and SkyWater plan to stand up advanced packaging capabilities and capacity for low-volume/high-mix production of secure 2.5 and 3D Advanced System Integration and Packaging (ASIP) solutions. To onshore these advanced packaging capabilities, SkyWater will be acquiring, installing, and qualifying new equipment at its Florida facility that can support FOWLP processing of incoming 200mm and 300mm device wafer formats. This dual-wafer size equipment capability provides the flexibility to support a vast array of customers and applications.

Statements about the RESHAPE Program Award:

Matt Walsh, Office of the Secretary of Defense IBAS advanced packaging chief engineer said, “We are very excited about supporting domestic advanced packaging solutions by enabling SkyWater and Deca to establish developmental and volume manufacturing FOWLP technology for commercial and government customers’ applications with technical capability that equals that of foreign providers.”

SkyWater CEO Thomas Sonderman commented, “This agreement with the county enables SkyWater Florida to execute all aspects of the initial DOD award of up to $120 million and stand up our fan-out wafer level packaging capabilities by utilizing Deca’s industry leading technology. Our partnership with the county continues to fortify their efforts to build a thriving community in Central Florida designed for advancing the next generation of technologies here in the U.S.”

AMD’s Corporate Vice President, Advanced Packaging Raja Swaminathan said, “As a leader in chiplet design and advanced packaging, AMD recognizes the importance of creating a geographically diverse advanced packaging supply chain.  We applaud the DOD’s work to expand SkyWater’s manufacturing capabilities in Central Florida and establish a U.S.-based fan-out manufacturing option using Deca’s technology.”

Deca’s Founder and CEO Tim Olson stated, “We’re excited to collaborate with SkyWater on this groundbreaking opportunity to establish an industry leading domestic advanced packaging foundry supporting a secure U.S. microelectronics ecosystem as well as providing commercial customers with a compelling new supply chain option.”

According to Osceola County Manager Don Fisher, “This award builds on all the hard work the county and our partners have invested in NeoCity. Our continued collaboration with SkyWater will help drive our progress in developing a vibrant ecosystem to advance the next generation of technologies that will shape our future and provide more high quality job opportunities in Florida.”

SkyWater Florida Vice President and General Manager Dale Miller said, “We are excited to establish the first Deca FOWLP capability in the U.S. This represents our third heterogeneous integration technology for the Kissimmee facility. It’s an important addition because it completes our advanced packaging trifecta of interposer, hybrid bonding, and now fan-out wafer level packaging technology – all in one facility – to support both DOD and commercial customers.”

About Deca Technologies 
Deca is a leading provider of advanced packaging technology to the semiconductor industry with M-Series™ fan-out and Adaptive Patterning®. Deca has a growing list of industry leading partners working on technology transfer and license agreements to gain access to the proven structures, processes, materials, equipment, design systems, and know-how of the industry’s #1 volume fan-out technology. Starting with the highest quality and reliability in Gen 1 aimed at smartphone applications and moving on to the growth of Gen 2 for chiplets and heterogeneous integration, Deca’s technologies are emerging as key industry standards for the future. For more information, visit www.thinkdeca.com.

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Foundry. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit www.skywatertechnology.com/.

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 the Company’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 the Company’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 the Company’s actual results to be different than expected or anticipated include, but are not limited to, 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 the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

Deca Company Contact: Lori McDonald | 480.236.4236 | lori.mcdonald@decatechnologies.com
Deca Media Contact: Sandy Fewkes | 408.529.9685 | sfewkes@kiterocket.com
SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

SkyWater Technology Announces Participation in 26th Annual Needham Growth Conference

By Rocket55 |

BLOOMINGTON, Minn. – January 3, 2024 – SkyWater Technology (NASDAQ: SKYT)), the trusted technology realization partner, today announced that management is scheduled to participate in the 26th Annual Needham Growth Conference, taking place taking place at the Lotte New York Palace Hotel on January 17th and 18th.

SkyWater’s presentation will be webcast live on Thursday, January 18th at 8:45 am EST. The presentation material utilized during the conference, as well as the live and archived webcast link of the presentation, will be made accessible on the investor page of the company’s website: https://ir.skywatertechnology.com.

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT.

SkyWater Investor Contact: Claire McAdams | claire@headgatepartners.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

SkyWater Submits Application for US CHIPS and Science Act Funding to Modernize Equipment and Enhance Production at its Minnesota Facility

By Rocket55 |

BLOOMINGTON, Minn. – January 2, 2024 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it has submitted a full application to the CHIPS Program Office of the U.S. Department of Commerce for funding through the CHIPS and Science Act. The application is for modernization and equipment upgrades to enhance production at the company’s Minnesota DOD Trusted semiconductor manufacturing facility. SkyWater is now planning for the next phases of due diligence with federal and state partners’ program offices.

Given that semiconductor supply chain issues have implications for national security, SkyWater, a key supplier to the U.S. government, is committed to providing the lab-to-fab capabilities needed to support U.S. defense programs. Expanding the nation’s domestic microelectronics infrastructure empowers commercial leaders like SkyWater to play a pivotal role in guiding the DOD’s efforts in microelectronics development, ensuring that cutting-edge technologies reach their full potential. SkyWater serves customers in aerospace and defense, along with growing commercial markets, including automotive, biomedical and IOT, among others.

“Our CHIPS submission represents a key stepping stone for SkyWater in modernizing and bolstering our production services, thereby ensuring a consistent supply of trusted silicon for critical DOD and commercial programs. This historic funding will accelerate technology development and time to market for our customers, meeting the escalating demand for domestically produced microelectronics,” stated SkyWater President and COO John Sakamoto. “SkyWater is committed to working hand-in-hand with DOD stakeholders, policymakers, and industry leaders to enhance national and economic security, fortify supply chain resilience and cultivate innovation.”

For more information on the CHIPS Notice Of Funding Opportunity (NOFO), please click here. 

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Foundry. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit www.skywatertechnology.com/.

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 the Company’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 the Company’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 the Company’s actual results to be different than expected or anticipated include, but are not limited to, 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 the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

Government-funded IBAS Program Enters Next Phase of Silicon Interposer Development at NeoCity in Florida

By Rocket55 |

DOD’s investment of up to $20M enables BRIDG and partners, imec and SkyWater to support next-generation electronic systems that will strengthen national security

KISSIMMEE, Fla. – December 6, 2023 – BRIDG, a not-for-profit, public-private partnership specializing in advanced system integration and packaging, today announced the U.S. Department of Defense-funded Industrial Base Analysis and Sustainment (IBAS) technology development program has kicked off phase four of its contract. The IBAS program’s goal is to establish a comprehensive domestic silicon interposer manufacturing capability, supporting several advanced electronic systems.

Awarded to BRIDG in October 2019, phase one of the program was completed in November 2022 with BRIDG partners, imec and SkyWater Technology. The IBAS federal defense contract, valued at up to $20 million, provides an advanced packaging technology for next generation microelectronic multi-chip systems that will strengthen national security and cyber resiliency for the U.S. defense industrial base.

“We are excited to launch the next phase of this contract,” stated Jim Vandevere, president of BRIDG. “The continued support from IBAS to foster advanced packaging technologies is an acknowledgement to what our NeoCity coalition is all about.”

Silicon interposers are used to integrate semiconductor devices into a highly compact and power efficient format, providing increased performance and capability. Versatile and compact, silicon interposers are quickly becoming one of the most popular choices for advanced packaging.

“This final program phase is an important milestone as we prepare our interposer platform offering,” said Dale Miller, SkyWater Florida vice president and general manager. “We look forward to continuing our partnership with BRIDG and imec to complete this phase and provide a broader interposer technology offering that will support RF, digital and mixed signal applications.”

“We look forward to having this next phase of silicon interposer technology available to support next generation applications for the DOD,” stated Matt Walsh, Office of the Secretary of Defense IBAS advanced packaging chief engineer. “The OSD IBAS organization understands the critical need for an advanced packaging ecosystem in the U.S., and the silicon interposer work at BRIDG and SkyWater Technology is part of that effort.”

“We are pleased that our partnership with BRIDG and SkyWater has helped reach this next stage of the IBAS program, which leverages imec’s interposer technology. Partnerships help fuel innovation, and our work with BRIDG and NeoCity is a testament to our commitment to strengthening our footprint in the U.S. and contributing to the ecosystem’s growth by levering our nearly 40 years of experience impacting innovation and advanced product roadmaps through industry-relevant R&D,” stated Raj Jammy, president of operations, imec USA.

About BRIDG 
BRIDG is a not-for-profit, public-private partnership specializing in digital, RF, and photonics interposer technology development coupled with advanced packaging capabilities. As an ITAR-certified and DMEA trust-ready supplier, BRIDG offers R&D expertise and a 200mm microelectronics fabrication facility geared toward system miniaturization, device integration, hardware security, and product manufacturing key to aerospace, defense, automotive, telecommunications, medical, and the IoT/AI revolution. With support from Osceola County, Florida High Tech Corridor Council, imec, Orlando Economic Partnership, TEL, SUSS MicroTec, Siemens, and SkyWater Technology (Center for Neovation operator), BRIDG provides the physical infrastructure and collaborative process to connect challenges and opportunities with solutions; “Bridging the Innovation Development Gap” making commercialization possible. Located at NeoCity, BRIDG is centrally located 20 minutes from Orlando International Airport and within a mile of Florida’s Turnpike. www.GoBRIDG.com

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Foundry. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit www.skywatertechnology.com/.

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 the Company’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 the Company’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 the Company’s actual results to be different than expected or anticipated include, but are not limited to, 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 the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

BRIDG Media Contact: Gloria LeQuang | glequang@gobridg.com
SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

Weebit Nano’s ReRAM IP Achieves High Temperature Qualification in SkyWater Technology’s S130 Process

By Rocket55 |

Demonstrates quality and reliability for automotive, industrial, aerospace and other high-temp applications

HOD HASHARON, Israel and BLOOMINGTON, Minn. – November 20, 2023 – Weebit Nano Limited (ASX:WBT), a leading developer of advanced memory technologies for the global semiconductor industry, and SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announce that Weebit’s Resistive Random-Access Memory (ReRAM) IP module has been fully qualified in SkyWater’s 130nm CMOS (S130) process at temperatures of up to 125 degrees Celsius – the temperature specified for Grade-1 automotive applications.

This qualification, based on a one-transistor one-resistor (1T1R) memory module leverages the previous qualification of Weebit ReRAM IP at these temperatures and is now ready for production tapeout at SkyWater. Such qualification demonstrates the quality and repeatability of Weebit’s embedded ReRAM IP for applications requiring high-temperature reliability. This includes various industrial, IoT, and aerospace products, as well as many automotive components, which must be qualified for operation at 125 degrees Celsius in applications which have lifetimes in excess of 10 years. The qualification was performed to well-known JEDEC industry standards for NVMs.

The S130 process by SkyWater is a silicon proven mixed-signal CMOS platform targeting automotive and industrial applications. With billions of devices in field use already, it features extended temperature capabilities ideal for mixed-signal IoT and edge computing applications. Additionally, it now incorporates embedded NVM, enhancing its suitability for a diverse range of SoC architectures.

Coby Hanoch, CEO of Weebit Nano, said: “SkyWater has customers across the industrial, automotive and aerospace domains who require support for a wide range of temperatures in their products. Weebit ReRAM is ideal for such applications as it performs well at high temperatures and offers added benefits in terms of simplicity, power efficiency, tolerance to electromagnetic fields, and other advantages. We are continuing to progress our discussions with potential customers who we anticipate will adopt Weebit ReRAM in 2024 and beyond.”

John Sakamoto, SkyWater President and COO, said: “SkyWater’s proven CMOS technologies have been used reliably for decades in automotive, aerospace, industrial and medical applications. Customers across these markets are increasingly looking to embed advanced NVM in their chips to add functionality and differentiation. With the recent qualification, we expect to see even more interest in Weebit ReRAM among customers who are looking for NVM that can extend to 125 degrees Celsius. We are delighted to mark another qualification milestone with Weebit.”

The Weebit ReRAM IP module is available with full support in SkyWater’s S130 process design kit. Find more details at www.weebit-nano.com/reram-s130. Learn more about SkyWater’s S130 technology at https://www.skywatertechnology.com/cmos/. Contact info@weebit-nano.com for more information.

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Foundry. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, read-out ICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit www.skywatertechnology.com/.

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 the Company’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 the Company’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 the Company’s actual results to be different than expected or anticipated include, but are not limited to, 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 the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

About Weebit Nano Limited
Weebit Nano Ltd. is a leading developer of advanced semiconductor memory technology. The company’s ground-breaking Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence. Weebit ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing Flash memory solutions. As it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments. See www.weebit-nano.com and follow us on https://twitter.com/WeebitNano.

Weebit Nano and the Weebit Nano logo are trademarks or registered trademarks of Weebit Nano Ltd. in the United States and other countries. Other company, product, and service names may be trademarks or service marks of others.

Weebit Investors Contact: Eric Kuret | +61 417.311.335 | eric.kuret@automicgroup.com.au
Weebit AU Media Contact: Tristan Everett | +61 403.789.096 | tristan.everett@automicgroup.com.au
Weebit US Media Contact: Jen Bernier-Santarini, | +1 650.336.4222 | jen@weebit-nano.com

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

SkyWater Technology Announces Participation in 12th Annual NYC Summit

By Rocket55 |

BLOOMINGTON, Minn. – November 15, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced management’s participation in the 12th Annual NYC Summit, being held Tuesday, December 12th at Mastro’s New York.

The presentation material utilized during the NYC Summit will be made accessible on the events page of SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com.

About the 12th Annual NYC Summit
The NYC Summit is collectively hosted and funded by participating companies and features a “round-robin” format consisting of small group meetings with company management teams. During the event, investors and analysts will have the opportunity to meet with the majority of the 15 management teams during the small group meeting sessions, as well as opportunities to meet with management during the breakfast and lunch networking sessions.

The 15 management teams collectively hosting the 12th Annual NYC Summit 2023 include: ACM Research (ACMR), Advanced Energy (AEIS), Aehr Test (AEHR), Alpha & Omega Semiconductor (AOSL), Axcelis (ACLS), Cohu, Inc. (COHU), CVD Equipment (CVV), FormFactor (FORM), Ichor Systems (ICHR), inTEST (INTT), Intevac (IVAC), Kulicke & Soffa (KLIC), Movella (MVLA), SkyWater Technology (SKYT), and Veeco Instruments, Inc. (VECO). Stifel and TD Cowen are sponsors of the conference.

Attendance at the NYC Summit is by invitation only and is available solely to accredited investors and publishing research analysts. As space is limited, please RSVP early.  Hosts reserve the right to limit attendance as necessary. Last day for registration is December 1, 2023. 

RSVP Contacts for 12th Annual NYC Summit 2023 
To RSVP for the NYC Summit, please contact either of the Summit’s co-chairs.

Laura J. Guerrant-Oiye 
Phone: (808) 960-2642
Email: lauraoiye@gmail.com 

Claire E. McAdams 
Phone: (530) 265-9899
Email: claire@headgatepartners.com

SkyWater Technology Reports Third Quarter 2023 Results

By Rocket55 |

Record Revenues and Continued Year-over-Year Increase in Gross Margin

BLOOMINGTON, Minn. – November 8, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the third quarter of 2023, ended October 1, 2023.

Financial Highlights for Q3 2023:

  • Revenue increased 37% year-over-year to a record $71.6 million.
  • Gross margin increased to 19.8% on a GAAP basis, compared to 15.8% in Q3 2022, and increased to 20.4% on a non-GAAP basis, compared to 16.9% in Q3 2022.
  • Net loss to shareholders of $7.6 million, or $(0.16) per share on a GAAP basis, and net loss to shareholders of $2.2 million, or $(0.05) per share on a non-GAAP basis, compared to net loss to shareholders of $6.9 million, or $(0.17) per share on a GAAP basis, and net loss to shareholders $5.1 million, or $(0.13) per share on a non-GAAP basis in Q3 2022.
  • Adjusted EBITDA of $8.3 million, or 11.6% of revenue, compared to $3.8 million, or 7.3% of revenue in Q3 2022.

View the full Third Quarter Results on SkyWater Technology’s Investor Relations page:
https://ir.skywatertechnology.com/news/news-details/2023/SkyWater-Technology-Reports-Third-Quarter-2023-Results/default.aspx

SkyWater Investor Contact: Claire McAdams | claire@headgatepartners.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

SkyWater Announces Availability of Cadence Open-Source PDK and Reference Design for SkyWater’s 130 nm Process

By Rocket55 |

Company prepares for strategic growth in the face of unprecedented opportunities for the U.S. semiconductor industry

BLOOMINGTON, Minn. – November 3, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced a new SkyWater open-source 130 nm process design kit (PDK) from Cadence Design Systems, Inc., which will be available in the Cadence® VLSI (very large-scale integration) Fundamentals Education Kit. The kit teaches students how theories and concepts can be applied in the design of simple logic circuits and in the physical implementation of a simplified microprocessor.

Semiconductor foundries offer PDKs to aid design on a manufacturing process, but due to restricted access and the need for NDAs, this has created a barrier to access by academia. To overcome this issue, SkyWater collaborated with Cadence to create an open-source chip manufacturing program on 130 nm CMOS process (SKY130). The SKY130 process has gained popularity among academia and researchers and can be easily accessed from GitHub with no NDA necessary.

Semiconductor design and manufacturing courses are becoming increasingly important as the U.S. focuses on building a domestic semiconductor workforce by investing in manufacturing facilities, partnering with industry, educators, and training providers, supporting semiconductor education and training, and fueling research and development.

The SKY130 open-source offering has implications for accelerating and multiplying collaboration in semiconductor chip design. Verification results can be easily and cost-effectively replicated by other designers and idea generation can be amplified to feed product development that is ongoing in IoT, automotive, industrial, medical and defense applications.

“We are extremely pleased that Cadence chose to create a PDK based on SKY130. It will soon be available to all Cadence licensees, which extends our reach to thousands of designers. It’s a vast expansion for SkyWater’s serviceable available market for SKY130 and speaks to the power of the open-source model,” said SkyWater CTO Steve Kosier. “Access for students to the open-source PDK will support curricula in semiconductor degree programs, helping to build the workforce critically needed for reshoring the semiconductor ecosystem.”

“We are glad to be working with SkyWater to provide an open-source PDK that works with the same tools that our customers utilize,” said David Junkin, academic network program director, Cadence. “An open-source commercial-quality PDK removes one more barrier that limits the ability for students to realize and test their ideas in silicon. With the SKY130 library that will soon be integrated with Cadence Education Kits, students will be empowered with more flow-based training material to develop the skills required by the semiconductor industry.”

The Cadence VLSI Fundamentals Education Kit is a CMOS VLSI Design course structured to enhance academic curriculum, which contains several lecture presentations to teach the fundamental theoretical knowledge of VLSI design. It also contains four labs that explain the design of a mixed-signal IC using Cadence’s latest tools: Virtuoso Studio, Genus Synthesis Solution, Innovus Implementation System, Xcelium Logic Simulator, Pegasus Verification System, and Spectre Simulation Platform. The design is based on a simple Arm-based microprocessor and is being migrated to the SKY130 PDK.

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Foundry. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit www.skywatertechnology.com/.

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 the Company’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 the Company’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 the Company’s actual results to be different than expected or anticipated include, but are not limited to, 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 the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

SkyWater Technology to Announce Third Quarter Financial Results on November 8, 2023

By Rocket55 |

BLOOMINGTON, Minn. – October 18, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report third quarter fiscal 2023 financial results for the period ended October 1, 2023 following the close of the market on Wednesday, November 8, 2023. The same afternoon, management will host a webcast to discuss its business and financial results.

SkyWater Technology Third Quarter Fiscal 2023 Earnings Webcast
When: Wednesday, November 8 2023
Time: 3:30 p.m. CST (4:30 p.m. EST)
Live Webcast: available at https://ir.skywatertechnology.com or directly at https://events.q4inc.com/attendee/374678308.

An archived webcast will be available on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com.

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Foundry. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit www.skywatertechnology.com/.

SkyWater Investor Contact: Claire McAdams  | claire@headgatepartners.com
SkyWater Media Contact: Lauri Julian | lauri.julian@skywatertechnology.com