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.
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.
BLOOMINGTON, Minn. – May 8, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2023, ended April 1, 2023.
Highlights for Q1 2023:
Revenue increased 37% year-over-year to a record $66.1 million.
Gross margin increased to 24.9% on a GAAP basis, compared to (2.0)% in Q1 2022, and increased to 25.8% on a non-GAAP basis, compared to 1.1% in Q1 2022.
Net loss to shareholders of $4.3 million, or $(0.10) per share on a GAAP basis, and net loss to shareholders of $2.5 million, or $(0.06) per share on a non-GAAP basis, compared to net loss to shareholders of $16.6 million, or $(0.42) per share on a GAAP basis, and net loss to shareholders $13.0 million, or $(0.33) per share on a non-GAAP basis in Q1 2022.
Adjusted EBITDA of $8.1 million, or 12.3% of revenue, compared to $(4.8) million, or (10.0)% of revenue in Q1 2022.
BLOOMINGTON, Minn. and PALO ALTO, Calif. – May 2, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced announced PsiQuantum has expanded its development agreement with the company and its plan to produce silicon photonic chips that will become part of future quantum computing systems. The companies have teamed up to develop the chips in SkyWater’s semiconductor manufacturing facility in Bloomington, Minnesota. This engagement supports PsiQuantum’s goal to deliver a commercially viable, error-corrected general purpose quantum computer that scales beyond 1,000,000 qubits using silicon photonics.
Quantum computing promises to be a profound technology to drive advances in various industries such as climate, energy, healthcare, finance, agriculture, transportation and government. The collaboration between PsiQuantum and SkyWater brings together world-class expertise in photonic quantum computing and silicon photonics to create a quantum computer capable of performing otherwise impossible calculations.
SkyWater’s Technology as a Service (TaaS) model enables advanced technologies to be developed and produced efficiently in a production fab and actively supports quantum computing initiatives. SkyWater’s silicon photonics integration and manufacturing capabilities enable PsiQuantum to develop quantum chips that can be measured and tested for long-term reliability, critical to executing quantum algorithms which require millions or billions of gate operations. While there are many different approaches to building small numbers of qubits, the photonic approach has significant technical advantages at the scale required for error correction.
PsiQuantum and SkyWater are striving to secure global leadership in quantum computing. The collaboration between the two companies is a significant step toward achieving this goal, bringing together the expertise of industry leaders to create a quantum computer capable of driving advancements across various industries. SkyWater’s TaaS model is a catalyst for the close technical collaboration necessary to co-create a new process integration that is required for quantum computing.
“We are delighted with the excellent 200 mm photonics capabilities of SkyWater and how they satisfy our critical development needs. We have found the partnership with SkyWater beneficial due to the valuable speed and flexibilities of the team and company. Having domestic fabs with proven manufacturing capability and the development flexibility to support our required process flows is key to the success of our product plans,” commented Fariba Danesh, chief operating officer at PsiQuantum. “PsiQuantum is not only innovating in quantum architecture, but our teams are also driving advanced front end of line process innovation, and the ability to use unique process tooling in a proven factory will accelerate our program.”
“We are excited to see the unique outcomes of PsiQuantum’s technology as well as the substantial technological progress they have achieved at SkyWater,” said Steve Kosier, SkyWater’s chief technology officer. “PsiQuantum’s and SkyWater’s engineering teams are working together to co-create the reality of a quantum-enabled world. We look forward to continuing to support them through development and into their production ramp.”
About PsiQuantum Powered by breakthroughs in silicon photonics and fault-tolerant quantum architecture, Psi Quantum is building the first utility-scale quantum computer to solve some of the world’s most important challenges. PsiQuantum’s approach is based on single-photon qubits, which have significant advantages at the scale required to deliver a fault-tolerant, general-purpose quantum computer. With their photonic chips manufactured in a world-leading semiconductor fab, PsiQuantum is uniquely positioned to deliver quantum capabilities reaching the scale needed to drive advances in climate technologies, pharmaceuticals, healthcare, finance, energy, agriculture, transportation, communications, and beyond. To learn more, visit announced PsiQuantum has expanded its development agreement with the company and its plan to produce silicon photonic chips that will become part of future quantum computing systems. The companies have teamed up to develop the chips in SkyWater’s semiconductor manufacturing facility in Bloomington, Minnesota. This engagement supports PsiQuantum’s goal to deliver a commercially viable, error-corrected general purpose quantum computer that scales beyond 1,000,000 qubits using silicon photonics. To learn more, visit: www.psiquantum.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 ServiceSM 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.
Keynote to highlight impact of CHIPS Act on semiconductor manufacturing sector and importance of secure sources for critical emerging technology innovations
BLOOMINGTON, Minn. – April, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the company’s President and CEO Thomas Sonderman will present a keynote address, “The CHIPS and Science Act of 2022: Revitalizing Domestic Semiconductor Manufacturing” at ASMC 2023. Taking place May 1-4 in Saratoga Springs, New York, the 34th annual ASMC will spotlight advanced semiconductor manufacturing excellence and is expected to draw hundreds of attendees from across the industry. ASMC will feature nearly 30 hours of technical and poster presentations by more than 85 industry experts on the latest manufacturing strategies and methodologies.
The U.S. semiconductor industry has faced numerous challenges in recent years, including declining domestic production, supply chain dislocations and increased competition from abroad. With the passage and signing of the CHIPS and Science Act of 2022, companies in and adjacent to the semiconductor industry are working on plans to help revitalize domestic manufacturing, develop a robust workforce, strengthen American supply chains and accelerate innovation for the technologies of the future.
Sonderman’s keynote presentation will highlight the key provisions of the CHIPS Act and their impact on the semiconductor manufacturing sector. He will also discuss the importance of rapidly delivering secure manufacturing sources for critical emerging technology innovations.
According to Sonderman, “The U.S. will be able to reclaim semiconductor manufacturing leadership by having a national strategy that will come out of the CHIPS Act. A key component of this will be investing in workforce development so we can build a world class semiconductor ecosystem. By enabling supply chain certainty and security, it will allow new innovations that can be accelerated with CHIPS funding. Besides building new fabs, modernizing existing U.S. facilities that offer innovative solutions will bring immediate benefits, especially in the aerospace and defense, medical device and automotive markets where most technologies are not tied to the most advanced logic nodes.”
About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM 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.
Public-private partnerships support SkyWater’s leading-edge domestic capabilities and advancement of ROIC technology
BLOOMINGTON, Minn. – March 21, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it has established a new cryogenic lab to characterize random telegraph signal (RTS) noise for read-out integrated circuits (ROICs). Mitigating RTS noise is crucial to improving the image quality and performance for ROIC customers in various applications such as night vision, military surveillance, and industrial and automotive thermal imaging.
SkyWater establishes cryogenic lab to characterize RTS noise for ROICs.
SkyWater’s cryo lab utilizes FormFactor’s leading cryogenic probe system that enables precise on-wafer measurements in extreme environments. SkyWater partnered with the University of Tennessee at Chattanooga and Arizona State University’s electrical engineering teams to develop test chips which are used to determine how much RTS noise exists for various transistor types and temperatures. From these measurements, enhancements are made for improved imaging.
For ROIC customers, it is crucial to minimize RTS noise as it becomes a limiting factor to image sensor performance. SkyWater’s cryo lab detects and measures noise which enables mitigation efforts for RTS effects. The new cryogenic noise characterization capabilities at SkyWater further enhance the company’s ability to streamline process and product development for advanced imaging systems in both defense and specialty industrial applications.
FormFactor’s high-performance probes are optimized for testing of cooled infrared sensors and cutting-edge technologies that operate at cryogenic temperatures, making it possible to collect accurate data across a comprehensive range of application environments. FormFactor’s cryogenic probe system acts as a freezer, bringing down the sample environment to extremely cold temperatures and utilizes a state of the art E4727B Advanced Low-Frequency Noise Analyzer (A-LFNA) system from Keysight Technologies to measure the noise. Furthermore, FormFactor’s Advanced Cryogenic Lab, which launched in 2022, played a crucial role in test development by providing early access to a cryogenic wafer prober while SkyWater’s cryo lab was being prepared.
“The FormFactor cryogenic probe system, with the ability to measure at the wafer level down to seven Kelvin, positions SkyWater to advance ROIC technology to its customers,” said Dr. Mike Slessor, CEO of FormFactor. “Our cryogenic test and measurement product portfolio, expanding from 10 millikelvin to 77 Kelvin, enables demanding applications such as ROICs and quantum computing to customers worldwide. We are thrilled with this SkyWater and Keysight collaboration.”
“Facilitating our cryo lab was a successful collaboration among many partners, both public and private,” said SkyWater Chief Technology Officer Dr. Steven Kosier. “With an aim to advance ROIC technology and enhance domestic capabilities for our customers, we invested in FormFactor’s state of the art cryogenic probe system. By partnering with ASU and UTC, we were able to quickly develop the test chips to measure and characterize RTS noise which speeds up the development process.”
According to a 2022 Transparency Market Research report, the ROIC market is expected to witness sustainable growth with North America projected to dominate the global market. The projected growth is due to an increase in usage of infrared (IR) imaging systems as they become important in healthcare, aerospace and defense, industrial, and automotive applications. Advancement in IR imaging systems can help in several applications such as night vision, disaster rescue, homing and tracking, ecology and weather forecasting, surveillance, predictive inspection and maintenance, remote temperature sensing, short range communication, spectroscopy, and medical diagnostic and treatment.
About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM 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.
Weebit’s first ReRAM product provides a differentiated NVM for analog/mixed-signal, IoT, medical, automotive, industrial and other applications
HOD HASHARON, Israel and BLOOMINGTON, Minn. – March 7, 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 availability of Weebit’s resistive RAM (ReRAM) IP in SkyWater’s 130nm CMOS (S130) process. SkyWater customers can now easily integrate Weebit’s innovative, proven non-volatile memory (NVM) in their system-on-chip (SoC) designs. Weebit is demonstrating its S130 ReRAM IP module at Embedded World 2023, March 14-16, 2023.
Weebit ReRAM enables semiconductor designs to be faster, lower cost, more reliable and more energy efficient than those using flash or other emerging NVMs. Weebit ReRAM technology in S130 is an ultra-low power, radiation tolerant and secure NVM that companies can use in developing highly integrated SoCs for applications including analog/mixed-signal, IoT, automotive, industrial, and medical.
Demo chips produced by SkyWater integrating Weebit’s ReRAM module were recently received from manufacturing and proven fully functional. These chips are currently under qualification, and are being used for customer demonstrations, testing and prototyping.
Weebit ReRAM bitcell is shown integrated into the S130 technology between Metal1 and Metal2.
Coby Hanoch, CEO of Weebit Nano, said: “Our valuable partnership with SkyWater has enabled us to bring this first Weebit ReRAM product to market. Our teams have worked tirelessly towards commercialization of the technology, with our ReRAM IP now commercially available for customers to design their products in SkyWater’s U.S. foundry. ReRAM is no longer the technology of the future – it is here now. We are now working with a number of potential customers to map the technology’s advantages to their specific design requirements.”
Steve Kosier, CTO of SkyWater, said: “Weebit ReRAM offers our customers a differentiated NVM solution they can use in developing highly integrated products at ultra-low power. Weebit’s technology has excellent reliability even at high temperatures, and is tolerant to radiation and electro-magnetic fields, making it a great fit for many of our customers’ demanding target markets. The IP will be supported in our process design kit in the near future, allowing customers to confidently and easily integrate Weebit ReRAM into their designs. We look forward to partnering with our customers as they use this innovative NVM to embed more intelligence and capabilities in their next-generation products.”
Weebit ReRAM IP in S130
SkyWater is a U.S.-based pure-play foundry. Its S130 process has been used reliably for billions of devices to-date. The automotive-grade, extended temperature, mixed-signal CMOS platform is well suited for IoT and edge computing as it enables a combination of both digital and analog circuit performance, now with embedded NVM for a wide range of SoC architectures.
Weebit ReRAM IP is an embedded module with a complete set of collateral and EDA views compatible with the industry leading design flows to enable smooth integration by SoC architects. The module in S130 includes a 256Kb ReRAM array, control logic, decoders, IOs (Input/Output communication elements) and error correcting code (ECC). Its scalable, modular design enables customization according to a customer’s specific design requirements (e.g., memory density, word size, system interface). The module is designed with unique patent-pending analog and digital smart circuitry running smart algorithms that significantly enhance the memory array’s technical parameters.
Highlights of Weebit ReRAM IP:
High write cycle endurance, up to 100K cycles, supporting applications with recurring memory updates
Supports 10 years’ data retention at high temperatures
Ultra-low power consumption, including down to zero standby power
Fast access time for quick bootup/instant-on capability
Fast programming time with byte addressability
Tolerant to ionizing radiation and electromagnetic interference (EMI)
Inherently secure technology, deeply embedded between two metal layers
Full qualification of the Weebit ReRAM memory module in SkyWater’s U.S. production fab is expected to be completed in the first half of 2023.
Demonstration at Embedded World
Weebit Nano is demonstrating its S130 ReRAM IP module at Embedded World 2023, being held March 14th to 16th in Nuremberg, Germany. The company will be in Hall 4, booth #650a. Visit https://www.weebit-nano.com/lp/embedded-world-2023 to schedule an onsite demonstration.
Availability
The Weebit ReRAM IP module in SkyWater’s 130nm CMOS process will be available with full support in the next production release of SkyWater’s S130 process design kit (PDK), once qualification is complete.
Upon request, the module is available as part of a complete subsystem including a RISC-V microcontroller (MCU), system interfaces, Static Random-Access Memory (SRAM), and peripherals. To learn more, visit www.weebit-nano.com/reram-s130 or contact your SkyWater or Weebit sales representative.
Weebit ReRAM can be easily scaled to other processes. Contact info@weebit-nano.com for more information.
About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.based, U.S.-owned semiconductor manufacturer and a DMEA-accredited Categoryy 1A Trusted Foundry. SkyWater’s Technology as a ServiceSM 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.
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’s 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.
BLOOMINGTON, Minn. – February 28, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that Thomas Sonderman, the company’s president and CEO, will present a keynote speech at the upcoming U.S. International Semiconductor Executive Summit (ISES) which will take place on March 7-8, 2023. The conference provides a platform to strengthen the U.S. supply chain and promote progress and collaboration among executives in semiconductor manufacturing, design and research. The theme of Sonderman’s keynote is “Revitalizing Domestic Semiconductor Manufacturing: Challenges, Opportunities and Emerging Applications.”
With the passage and signing of the CHIPS and Science Act of 2022, companies in and adjacent to the semiconductor industry are working on plans to help revitalize domestic manufacturing, develop the workforce, strengthen American supply chains and accelerate the technologies of the future. U.S. Commerce Secretary Gina Raimondo, in her recent speech on the CHIPS Act at Georgetown University, noted: “As with our leadership in nuclear energy and the space race, America’s ability to maintain our competitive edge in advanced technologies is essential to our ability to ensure the responsible deployment of that technology.”
During his keynote speech, Sonderman will discuss how SkyWater is uniquely positioned as a critical industry partner to bolster the vision of our country’s leaders and ignite a domestic semiconductor renaissance that includes onshoring the advanced packaging solutions of the future, once again leveraging America’s record of unprecedented ingenuity in the technologies that are essential to our nation’s future. He will also talk about how we can address the challenges of bringing chip manufacturing back to the U.S., invest in opportunities for supply chain certainty and security, and enable nimble new innovations that can be accelerated with CHIPS funding to lead the next wave of computing.
According to Sonderman, “We can reclaim manufacturing leadership by having a national strategy derived from the CHIPS and Science Act. CHIPS funding will enable us to accelerate synergistic innovation while addressing the main challenges of reshoring, specifically near term talent shortages and higher costs. A key component of the CHIPS Act supports semiconductor manufacturing workforce development initiatives, partnerships and programs. Moreover, what we discovered during the pandemic is that supply chain certainty, along with IP protection, is even more critical than low cost for many applications.”
Sonderman added, “Although advanced nodes get most of the attention, CHIPS funding will specifically allow for investments in important new innovations being driven at the ‘long tail’ of semiconductor device demand, which best represents the highly specialized needs of 65nm and above device technologies. This creates exciting opportunities for SkyWater to accelerate the adaptation of novel applications in critical markets such as aerospace, defense, bio-medical and advanced computing.”
Taking place in Phoenix, Arizona from March 7–8, 2023, U.S. ISES brings together participants from different sectors of the semiconductor supply chain, including political, business, financial, and research, and industry leaders. For more information on the event, please visit www.ises-usa.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 ServiceSM 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.
BLOOMINGTON, Minn. – February 13, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the fourth quarter and full year 2022, ended January 1, 2023.
Highlights for Q4 2022:
Revenue increased 69% year-over-year to a record $65.1 million.
Gross margin increased to 25.4% on a GAAP basis, compared to (43.1)% in Q4 2021, and increased to 26.2% on a non-GAAP basis, compared to (6.1)% in Q4 2021.
Net loss to shareholders of $3.0 million, or $(0.07) per share on a GAAP basis, and net loss to shareholders of $1.5 million, or $(0.03) per share on a non-GAAP basis.
Adjusted EBITDA of $10.3 million, or 15.9% of revenue.
SkyWater to implement VORAGO’s patented HARDSIL® technology that enhances performance of radiation-hardened and radiation-tolerant devices used in commercial, aerospace and defense applications
BLOOMINGTON, Minn. and AUSTIN, Texas – January 24, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced a strategic partnership with VORAGO Technologies, effectively moving VORAGO’s fabrication efforts stateside to SkyWater’s DMEA-accredited Category 1A Trusted Foundry. The partnership is based on SkyWater implementing VORAGO’s patented HARDSIL® technology, which is a cost-effective semiconductor processing method that enables devices to operate at higher temperature and radiation levels.
With this implementation, HARDSIL will be available to SkyWater customers as a design-enabled processing method for new or existing designs without any impact on die size, specification, and without redesign. HARDSIL will enhance SkyWater’s bulk 90 nm CMOS process for commercial use in space, aviation, industrial, and medical applications that require higher levels of radiation tolerance.
In contrast to standard commercial design and manufacturing processes, high-reliability radiation-hardened (rad-hard) electronic components must be designed and manufactured so that exposure to ionizing radiation and/or extreme temperatures does not result in malfunctions or catastrophic failure. VORAGO offers innovative technology which enables meeting rad-hard performance without requiring design changes – eliminating or reducing the need for costly and time-consuming adjustments or modifications.
Recently, the U.S. has made the strengthening of domestic semiconductor manufacturing capabilities a major priority. As the semiconductor industry experiences silicon shortages, SkyWater’s fab and VORAGO’s technology are positioned to domestically source these important components for use in commercial as well as aerospace and defense applications.
“Partnering with a U.S.-based pure-play foundry is an incredible milestone for us,” says Bernd Lienhard, CEO of VORAGO Technologies. “We’re excited to move all of our manufacturing to SkyWater, the foundry of choice for our next-generation of rad-hard processors. We’re proud to work with SkyWater to bring our patented HARDSIL technology to the aerospace and defense industry at large.”
“We are pleased VORAGO has chosen SkyWater as its preferred foundry,” said Thomas Sonderman, president and CEO of SkyWater. “Implementing their HARDSIL technology enhances our bulk 90 nm CMOS process by enabling applications in commercial and other markets that require high levels of radiation tolerance. VORAGO’s choice to move all their manufacturing to the U.S. is commendable as the nation continues its reshoring efforts for national and economic security.”
About HARDSIL® Technology
HARDSIL is a patented, node-, foundry- and product-agnostic solution utilizing a few additional implant modules based on standard fab equipment, allowing for the fabrication of rad-hard electronic components. Specialized design libraries or major process modifications are not necessary, allowing foundries to transparently re-use existing IP, design libraries and flows. HARDSIL easily incorporates exceptional rad-hard capability into standard semiconductor IC creation. HARDSIL is a cost-effective modification to commercial process flows that can be implemented quickly with minimal incremental mask and implant steps. VORAGO has developed multiple products using HARDSIL and it has been used under license by other leading semiconductor suppliers.
About VORAGO Technologies
VORAGO Technologies is a privately held, high technology company based in Austin, Texas with over 15 years of experience in providing radiation-hardened and extreme-temperature solutions for the Hi-rel marketplace. VORAGO’s patented HARDSIL® technology uses cost-effective high-volume manufacturing to harden any commercially designed semiconductor component for extreme environment operation, and has created a number of solutions throughout Aerospace, Defense and Industrial applications, with a proven flight heritage. VORAGO has been named as one of Inc.’s 5000 Fastest Growing Companies in the US. VORAGO Technologies opens up a new world of possibilities for your designs, no matter how hostile the environment. www.voragotech.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 ServiceSM 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.
BLOOMINGTON, Minn. – January 23, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report fourth quarter fiscal 2022 financial results for the period ended January 1, 2023 following the close of the market on Monday, February 13, 2023. The same afternoon, management will host a webcast to discuss its business and financial results.
About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM 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.
