SkyWater reported its first results since its recent initial public offering

Net sales grew 30% year-over-year to $48.1 million.

“SkyWater delivered record net sales in our first quarter driven by continued growth in our Advanced Technology Services (ATS) business,” said SkyWater president and CEO Thomas Sonderman. “Our Minnesota fab is ramping automotive and IoT-related production activities as we see significant increases in demand while continuing to transition customers from ATS into volume wafer services. During the quarter we also engaged with several new partners in both our ATS business and as part of our 130 nanometer mixed-signal offering.”

Read the article in Semiconductor Engineering:

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