Minnesota Chip Maker Gets up to $170 Million from U.S. Defense Department

Semiconductor maker SkyWater Technology said on Monday it will receive up to $170 million from the U.S. Department of Defense to make chips that can work in outer space, and create smaller, faster ones with new materials.

The Bloomington, Minnesota-based company was spun off from Cypress Semiconductor Corp (CY.O) in 2017 to a group of U.S.-based investors. That year, SkyWater became part of a Defense Department program to ensure U.S. military access to the domestic chip supply chain. Read the article in Reuters:

https://www.reuters.com/article/us-skywater-defense/minnesota-chip-maker-gets-up-to-170-million-from-us-defense-dept-idUSKBN1X025E

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