Press Releases

SkyWater Installs Atomic Layer Deposition System for Development and Production of Advanced Technologies

By Rocket55 |

ALD tool will be used to fabricate ultra-thin, highly uniform and conformal material layers for new and emerging customer applications

BLOOMINGTON, Minn. – September 7, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it will offer customers a new semiconductor processing tool for atomic layer deposition (ALD), the Applied® Picosun® MorpherTM. Many devices, such as sensors and emerging memory technologies, require thin layers that can be deposited uniformly across the entire silicon wafer. By offering the Applied Picosun Morpher ALD tool from Picosun, an Applied Materials company, SkyWater will provide customers access to this unique capability. By leveraging SkyWater’s Technology as a Service (TaaS) business model, customers can develop and produce new and innovative technologies through the company’s advanced technology services (ATS) and wafer services (WS).

ALD is an advanced thin film deposition process which is used to fabricate ultra-thin, highly uniform and conformal material layers for various applications. The ALD film is dense, crack-, defect-, and pinhole-free. Thickness, structural, and chemical characteristics can be precisely controlled on an atomic scale. The ALD process is highly repeatable and it can be performed at relatively low temperatures of 100C – 300C.

The tool being installed at SkyWater is configured with two thermal batch chambers for maximum capability and production throughput. One chamber will deposit metals (Ti,/TiN, and AlN). The other chamber will deposit oxides (SiO2, Al2O3, Hf2O3, TiO2, and ZrO2). The two chambers are attached to a central loadlock so stacked metal/oxide/metal films can be deposited in-situ without vacuum break. There is one unused chamber slot for future expansion, based on customer needs.

“SkyWater is pleased to offer this new capability to our customers through our TaaS model,” said Steve Kosier, SkyWater’s Chief Technology Officer. “ALD applications in semiconductor processing have grown exponentially over the past few years and this trend will continue. ALD is the preferred method for depositing very thin material layers while still retaining the highest quality, uniformity, conformality and structural integrity. Our customers will use this technology in various biosensor, bolometer, photonics, and extreme CMOS applications. We look forward to process development and production ramp using this new capability.”

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 Announces Appointment of Retired U.S. Army General Edward M. Daly to its Board of Directors

By Rocket55 |

SkyWater Announces Appointment of Retired U.S. Army General Edward M. Daly to its Board of Directors

BLOOMINGTON, Minn. – August 21, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of General (U.S. Army retired) Edward M. Daly to its board of directors, effective October 1, 2023. After honorably serving the Nation for 36 years, General Daly retired in May 2023. In his last assignment, he served as the 20th Commanding General of the U.S. Army Materiel Command, as one of only 16 4-star Generals in the United States Army. In this role, he led one of the Army’s largest commands with 190,000 military and Department of the Army civilians and contractors, providing logistics, sustainment/materiel readiness and installation support, that not only impacted the U.S. Army and Department of Defense, but also all 50 states and more than 150 countries.

“We are thrilled to welcome Ed to our board of directors. With his lengthy and remarkable military career, he brings extraordinary value to the company,” said SkyWater Chairman of the Board, Gary Obermiller. “His leadership experience will be a big benefit to our management team and his expertise, relevant to SkyWater’s business, will help position us for continued growth.”

Daly is the founder of Daly Consulting & Logistics, LLC, executing active consulting contracts in the areas of manufacturing, production, energy and logistics. As a multifunctional logistician who specialized in supporting the Army and the Joint Force from the Continental United States to the tactical points of need worldwide, Daly is an expert in combat operations, supply chain and manufacturing/production, distribution and effectively leading complex organizations. He is the highest ranking career logistician to graduate from West Point since its founding in 1802.

“It’s an exciting time to serve on SkyWater’s board of directors. Alongside our Nation’s focus on building a high-tech ecosystem to support national security, SkyWater is committed to providing domestic semiconductor manufacturing, securing IP and ensuring our supply chain,” said Daly. “Importantly, as a DMEA-accredited Category 1A Trusted Foundry, SkyWater serves the needs of the defense community as well as commercial organizations. I’m also pleased with the company’s veteran recruitment program that helps support workforce development with a strong, diverse talent pool. I look forward to helping SkyWater further its initiatives to innovate and bring manufacturing leadership back to America.”

Daly hails from Jersey City, New Jersey, graduated from Saint Peter’s Preparatory School in 1983 and was commissioned as a second lieutenant in the Ordnance Corps upon his graduation from the United States Military Academy in 1987. He earned Master’s Degrees in business administration from Gonzaga University and in strategic studies from the U.S. Army War College.

His numerous awards and decorations include the Distinguished Service Medal, Bronze Star, Combat Action Badge and Parachutist Badge. He has multiple combat tours in support of Operations DESERT/DESERT STORM, IRAQI FREEDOM and ENDURING FREEDOM. Daly is also a U.S. Army Ordnance Hall of Fame Inductee, a former Honorary ROCK of the Year Awardee and a member of the Saint Peter’s Prep Hall of Fame.

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 Participate in Jefferies Semiconductor, IT Hardware & Communications Technology Summit

By Rocket55 |

BLOOMINGTON, Minn. – August 16, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced its participation in the annual Jefferies semiconductor conference in Chicago.

Jefferies Semiconductor, IT Hardware & Communications Technology Summit
Four Seasons Hotel Chicago
Wednesday, August 30, 2023 (meetings in Chicago)
Thursday, August 31, 2023 (Jefferies-hosted fab tour at SkyWater Bloomington)

The Summit consists of one-on-one and small group meetings. The investor presentation material utilized during the Summit will be made available on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com

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

SkyWater Technology Reports Second Quarter 2023 Results

By Rocket55 |

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

BLOOMINGTON, Minn. – August 7, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the the second quarter of 2023, ended July 2, 2023.

Highlights for Q1 2023:

  • Revenue increased 47% year-over-year to a record $69.8 million.
  • Gross margin increased to 23.9% on a GAAP basis, compared to 4.4% in Q2 2022, and increased to 24.7% on a non-GAAP basis, compared to 5.6% in Q2 2022.
  • Net loss to shareholders of $8.6 million, or $(0.19) per share on a GAAP basis, and net loss to shareholders of $6.4 million, or $(0.14) per share on a non-GAAP basis, compared to net loss to shareholders of $13.0 million, or $(0.32) per share on a GAAP basis, and net loss to shareholders $10.8 million, or $(0.27) per share on a non-GAAP basis in Q2 2022.
  • Adjusted EBITDA of $6.5 million, or 9.3% of revenue, compared to $(1.6) million, or (3.4)% of revenue in Q2 2022.

View the full Second Quarter Results on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com

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

SkyWater Florida and BRIDG Announce Installation of Nordson’s Leading C-SAM System to Enhance Metrology Capabilities at the Center for Neovation

By Rocket55 |

Tool represents first equipment procurement under EDA Build Back Better Program at NeoCity in Osceola County, Florida

OSCEOLA COUNTY, Fla. – July 28, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, and BRIDG, a not-for-profit, public-private-partnership for the fabrication of microelectronics, today announced the delivery and installation of Nordson TEST & INSPECTION’s D9650 C-SAM system at the Center for Neovation located at NeoCity in Osceola County, Florida. The new tool will be utilized by SkyWater Florida to enhance onsite metrology capabilities for advanced packaging and heterogeneous integration technology.

Made possible through an award granted to the Central Florida Semiconductor Coalition from the U.S. Department of Commerce EDA Build Back Better Regional Challenge (EDA BBBRC), announced in September 2022 with Osceola County, the Nordson D9650 acoustic micro imaging instrument represents the first new tool acquired by the coalition to support facility and equipment enhancements at the Center for Neovation. This grant will be used to grow Osceola County’s NeoCity as an innovation center for semiconductor research, design and manufacturing, and will help address the microchip shortage, lower costs and boost local high paying jobs.

Coalition partners include the Orlando Economic Partnership, the University of Central Florida (UCF), BRIDG, SkyWater, the Florida High Tech Corridor, Valencia College and the Osceola Chamber. The Osceola County coalition was one of 21 winners out of over 500 submissions and the only recipient from the semiconductor industry.

“During a time when our nation’s semiconductor industry is losing global market share, we’re working together at NeoCity to change this trajectory,” stated Don Fisher, Osceola County manager. “Through funding made possible from the EDA BBBRC award, we welcome our newest inspection tool to the Center for Neovation – the first of several tools to come!”

“Investments made in semiconductor technology R&D are critical to our nation, and partnerships are essential to building an attractive economic ecosystem,” said Jim Vandevere, BRIDG president. “We’re proud to leverage the EDA BBBRC award in Osceola County, Florida to reach this key milestone and continue investing in our region, strengthening our role as the domestic hub for advanced packaging.”

“The implementation of Nordson TEST & INSPECTION’s D9650 C-SAM system at SkyWater Florida represents a significant addition to our metrology capabilities for heterogeneous integration technologies that we’re establishing,” said Dale Miller, VP and general manager of SkyWater Florida. “This system will primarily support package and assembly inspection operations and can also support the hybrid wafer bonding technology we have licensed from Adeia as well as other advanced packaging applications we continue to implement at the Center for Neovation.”

About Nordson TEST & INSPECTION
Nordson TEST & INSPECTION, a division of Nordson Corporation, offers its customers a robust product portfolio, including Acoustic, Optical and Manual X-ray Inspection, Autonomous X-ray Inspection, X-ray Component Counting and Nordson X-ray Technologies. Nordson TEST & INSPECTION is uniquely positioned to serve its customers with best-in-class precision technologies, passionate sales and support teams, global reach, and unmatched consultative applications expertise.

About D9650 C-SAM System, by Nordson TEST & INSPECTION
The D9650 is an industry-leading lab-based acoustic microimaging inspection system, powered by C-SAM technology, that delivers unrivaled accuracy and robustness for failure analysis, process development, material characterization and low volume production inspection. The D9650 is designed for component screening applications and provides non-destructive analysis in the semiconductor packaging industry. Ideal for 300mm wafers as well as large substrate panels and commonly used to identify voids or delamination in electronic packaging applications such as hybrid wafer bonding and molded or underfilled devices. CSAM can also create cross-sectional, 2-D plane images, and thickness images of samples.

About BRIDG
BRIDG is a not-for-profit, public-private partnership specializing in digital, RF, and photonics silicon 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. Supported by Osceola County, Florida High Tech Corridor Council, imec, Orlando Economic Partnership, TEL, SUSS, 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—a 500-acre master-planned community of innovation in Florida—BRIDG is centrally located 20 minutes from Orlando International Airport and within a mile of Florida’s Turnpike. For more information, visit www.GoBRIDG.com.

About NeoCity
Following the impacts of the Great Recession, Osceola County decided to make a long-term investment to create a 500-acre technology district, known as NeoCity to diversify its economy. Since then, Osceola County, and their regional partners, have invested over $273 million to make NeoCity the hub to Central Florida’s burgeoning semiconductor industry. NeoCity’s anchor building, the Center for Neovation, (total of 109,000 sq. ft) consisting of a 36,000 square ft. cleanroom, is one of the most technologically advanced manufacturing research centers in the western hemisphere, home to SkyWater Technology, imec USA, BRIDG, TEL, and SUSS MicroTec. The Osceola County School District’s NeoCity Academy, located next to the Center for Neovation, works with SkyWater, BRIDG, and imec USA to provide internships for the high school students to work in the fab. For more information, visit www.NeoCityFL.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.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com
BRIDG Media Contact: Gloria LeQuang | glequang@gobridg.com
Nordson TEST & INSPECTION Contact: Carla Furanna | 952.820.5837

Paul Sura to lead Technology and Manufacturing Operations at SkyWater

By Rocket55 |

Sura brings decades of strategic leadership and industry expertise across operations, IT and supply chain

BLOOMINGTON, Minn. – July 18, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced Paul Sura has joined the company as executive vice president to lead its Technology and Manufacturing Operations (TMO) team. Sura’s new role at SkyWater encompasses all elements necessary to execute the operational fundamentals of the company. This comprises SkyWater’s Minnesota and Florida fabs and all associated support functions including quality, information technology, supply chain management and enterprise operations.

Sura brings to SkyWater extensive experience managing complex operationally focused supply chains using advanced digital technology at both integrated device manufacturers and semiconductor foundries.  He has honed these skills at Intel, Maxim/ADI, GlobalFoundries and most recently Micron. Sura’s background includes a strong understanding of the electronics ecosystem and the role of semiconductors. His capabilities include scaling manufacturing in wafer services and advanced technology by driving profitable output while building manufacturing excellence.

According to SkyWater President and CEO, Thomas Sonderman, “Creating a world class operation that personifies an ‘exceeding customer commitments’ attitude is essential to the successful deployment of our Technology as a Service (TaaS) business model.  Our technology and manufacturing team, led by Paul will be laser focused on seamlessly delivering both our ATS customer milestones and Wafer Services volume output. As a strategic leader with decades of expertise across operations, IT and supply chain, Paul possesses a unique combination of capabilities to provide solutions that impact delivery performance and enable business process and organizational transformation.”

“SkyWater is an exciting company to join as it continues to rapidly grow and evolve,” said Sura. Creating a balanced enterprise operating system that delivers a highly efficient TaaS execution engine will be my fundamental priority.  Building a strong organization that is solely focused on perfecting this foundational element of the business is critical.  I look forward to applying customer-centric solutions, operations leadership and agile systems development to drive manufacturing excellence.”

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 to Announce Second Quarter 2023 Financial Results on August 7th

By Rocket55 |

BLOOMINGTON, Minn. – July 17, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report second quarter fiscal 2023 financial results for the period ended July 2, 2023 following the close of the market on Monday, August 7, 2023. The same afternoon, management will host a webcast to discuss its business and financial results.

SkyWater Technology Second Quarter Fiscal 2023 Earnings Webcast
When: Monday, August 7, 2023
Time: 3:30 p.m. CDT (4:30 p.m. EDT)
Live Webcast: available at https://ir.skywatertechnology.com or directly at https://events.q4inc.com/attendee/654441468.

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

SkyWater CEO Thomas Sonderman to Deliver Keynote at SEMICON West

By Rocket55 |

Focus is on building the future workforce for the semiconductor industry

BLOOMINGTON, Minn. – July 6, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced its President and CEO, Thomas Sonderman will provide a keynote at SEMICON West 2023 on July 13th. The presentation, “Building the Future: Workforce Development in the Semiconductor Manufacturing Industry,” will address the workforce shortage and how companies must embrace a comprehensive range of initiatives to ensure a sustainable talent pipeline. Sonderman will discuss the urgency of workforce development efforts to bridge the gap between the demand for skilled workers and the available talent pool. He will also highlight new innovative talent development programs that SkyWater is pioneering.

The semiconductor manufacturing industry is experiencing unprecedented challenges due to the increase in demand for domestically produced semiconductor technologies as envisioned by the 2022 CHIPS and Science Act.  One of the expected results will be a surge of new fabs being constructed, creating a significant demand for skilled workers across multiple disciplines. According to semiconductor industry sources, by 2030, an estimated 250,000 new workers will be required to support the rapidly expanding domestic semiconductor industry; of that, 50,000 are engineers and 200,000 are fab operation technicians, equipment technicians and other vital support functions.

According to Sonderman, “Technicians and engineers are the heart and soul of the fab; the ones who are responsible for maintaining and improving the complicated tools used to make ICs, ensuring maximum operational effectiveness. As an industry, we need to make this type of career path exciting and appealing by building awareness of these types of semiconductor positions through apprenticeships, internships and scholarships for STEM students.  This includes inspiring students to get semiconductor specific engineering degrees at universities like Purdue. Awareness is key – our industry is creating new technologies and capabilities that make our lives better every day; we want to inspire the best and brightest talent in our country to be part of that.”

When the fabless foundry model emerged, U.S companies reduced their investment in domestic semiconductor fabs. The country still led the world in product innovation, but designs were migrated primarily to Asia for volume manufacturing. During the pandemic when the supply chain was uncertain, national and IP security risks associated with this paradigm were amplified. The CHIPS and Science Act was signed into law to provide new funding to boost domestic research and semiconductor manufacturing. In his speech, Sonderman will discuss the key elements of the legislation and why collaboration through public-private partnerships is essential to revitalizing domestic manufacturing, developing the workforce of the future, and strengthening critical supply chains to accelerate the adoption of technologies for the future.

Sonderman points out, “One area that we look to for skilled workers is the veteran community. As service members transition to civilian life, there are numerous opportunities for careers in the semiconductor industry.” Programs like SEMI’s VetWorks, currently in development, will help U.S veterans better understand the semiconductor industry, the careers available to them and how their skills will transfer to the broad microelectronics ecosystem. The program also provides training portals and mentorship support to smooth a veteran’s transition to the industry.

Sonderman believes that public-private partnerships will be critical to the successful realization of CHIPS enabled initiatives. For example, SkyWater has implemented an Embedded Rotational Program allowing a government employee to completely immerse themselves in industry. This offers them a unique perspective that they can bring back to the government while establishing vital new industry relationships for future collaboration efforts.

Another example of SkyWater’s public-private partnerships is the company’s advanced packaging operations in Osceola County, Florida. The County has developed NeoCity, a master planned community to serve as a catalyst for high-tech innovation, including job creation and capital investment. In September 2022, Osceola County and its Coalition partners were awarded $50.8 million from the Department of Commerce’s Build Back Better Regional Challenge Grant for NeoCity. Funds from this award will rapidly expand SkyWater Florida’s capabilities, creating opportunities for many new, high-wage jobs in the high technology field.

For more information on SEMICON West 2023, please visit: semiconwest.org/about/welcome.

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 Foundation’s First Annual College Scholarship Program Awards $100,000 in Support of US Workforce Development

By Rocket55 |

Recipients include students pursuing critical STEM career paths

BLOOMINGTON, Minn. – June 27, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced 10 recipients have been selected by Scholarship America to receive $10,000 each through the launch of SkyWater Foundation’s annual Scholarship Program, thanks to the generous support of the Oxbow Foundation. While the scholarship application process was open to students in any major or field of study, applicants pursuing a certificate or degree in STEM (science, technology, engineering and mathematics) were especially encouraged to apply. Scholarship America received over 1100 applications for SkyWater Foundation’s scholarships over the course of 12 days.

Applicant eligibility included: high school graduates or current college undergraduates who plan to enroll in full-time undergraduate study at an accredited two-or-four-year college, university or vocational-technical school for the entire 2023-2024 academic year with a minimum grade point average of 3.0 on a 4.0 scale (or its equivalent). Competitive applicants were considered by academic record, demonstrated leadership, extracurricular activities and a statement of educational and career goals and objectives.

The SkyWater Foundation Scholarship Program is helping students like Victoria A. from Georgia pursue their goals in higher education. As valedictorian of her high school class, a soon-to-be freshman at Duke University and a first-generation college student, she said, “This scholarship is enabling me to attend a private, out-of-state university which would otherwise be implausible for me.” Hers is a testament of how “these scholarships truly aid students who matriculate into institutions in hopes of financial and career-wise success for their families.”

With $10,000 awarded to each of the 10 recipients, the students are attending a range of universities from Georgia Institute of Technology to MIT and Stanford, among others. The areas of study include STEM-focused majors such as computer science and electrical engineering as well as areas like business, commerce, finance and others.

According to Amanda Daniel, SkyWater’s chief people officer, “The scholarships awarded by the Foundation will help students realize their academic dreams by making their education more accessible, leading to promising career opportunities. It also contributes to the on-going effort of industry to work with institutions in support of domestic workforce development. In particular, STEM education is central to the revitalization of the U.S. semiconductor industry, and we are committed to working with local and national communities to develop the critical talent needed for the future.”

In a world where nearly 70% of new jobs require a bachelor’s degree, but fewer than 50% of workers have one (according to nonprofit Opportunity@Work), these scholarships are helping bridge that gap and equip students with the education they need for promising career paths. In a 2021 report from the Georgetown University Center on Education and the Workforce, adults with a bachelor’s degree earn an average of $2.8 million during their careers – $1.2 million more than the median for workers with a high school diploma.

“The board of the Oxbow Foundation is thrilled to be a major contributor to the SkyWater Foundation Scholarship Program and to witness the transformative impact it has on students like Victoria,” said Oxbow Foundation director, Julia Unterseher. “By providing financial support, we are enabling talented individuals to pursue their educational goals and unlock opportunities for themselves and their families.”

Added director Elise Unterseher, “The Oxbow Foundation is proud to contribute to the advancement of STEM education and the development of future leaders in the semiconductor industry. The SkyWater Foundation Scholarship Program makes education more accessible and aligns with our commitment to fostering education. These scholarships are empowering students to pursue higher education and unlock greater earning potential, setting them up for success in their future careers.”

About SkyWater Foundation’s Annual Scholarship Program
The Oxbow Foundation and SkyWater Technology, Inc. in partnership have established the SkyWater Foundation Fund, Inc. to offer a college scholarship program.  Annually, The Oxbow Foundation expects to contribute up to $100,000 to the program for up to 10 students. The maximum annual award provided to any recipient is $10,000. The SkyWater Foundation has selected Scholarship America, a non-profit organization, to manage and administer the scholarship program.

The SkyWater Foundation Scholarship Program may be cancelled or terminated at the discretion of the Oxbow Foundation and/or the Board of Directors of SkyWater Technology, Inc. at any time.

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 Announces Participation in 15th Annual CEO Investor Summit

By Rocket55 |

BLOOMINGTON, Minn. – June 13, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced management’s participation in the 15th Annual CEO Investor Summit, being held Wednesday, July 12th at the St. Regis San Francisco. The investor presentation material utilized during the CEO Summit will be made available on the company’s investor relations website at ir.skywatertechnology.com.

About the 15th Annual CEO Investor Summit 2023
The CEO Investor 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 13 management teams during the small group meeting sessions, as well as opportunities to meet with management during the breakfast and lunch networking sessions.

The 13 management teams collectively hosting the 15th Annual CEO Investor Summit 2023 include: ACM Research (ACMR), Aehr Test (AEHR), Alpha & Omega Semiconductor (AOSL), Amtech Systems (ASYS), Axcelis (ACLS), Cohu, Inc. (COHU), Everspin Technologies (MRAM), FormFactor (FORM), Ichor Systems (ICHR), Kulicke & Soffa (KLIC), Magnachip Semiconductor (MX), nLIGHT, Inc. (LASR), and SkyWater Technology (SKYT). Jefferies, Stifel and TD Cowen are sponsors of the conference.

Attendance at the CEO Investor 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 June 30, 2023.

RSVP Contacts for 15th Annual CEO Investor Summit 2023
To RSVP for the CEO Investor Summit, please contact either of the event 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

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