SkyWater Technology, Inc., together with its subsidiaries, provides semiconductor development and manufacturing services. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, power discrete, microelectromechanical systems, and rad-hard integrated circuits. It serves customers operating in the computation, aerospace and defense, automotive and transportation, bio-health, consumer, and industrial/internet of things industries. The company was incorporated in 2017 and is headquartered in Bloomington, Minnesota.

SkyWater Technology, Inc.

SkyWater Technology is a U.S.-based semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a Service business model streamlines the path to production in diverse technology categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. Learn more at www.skywatertechnology.com.

SkyWater Technology Foundry

January is over, but it’s still early in the year. If you haven’t tackled your 2024 technology resolutions — we're ready to help. Join us as Dan Rakosky discusses a brand new Design Partner Network that combines innovative design experience from industry leaders Trusted Semiconductor Solutions, IC Enable and Frontgrade Technologies to deliver custom, device-ready chips. In addition, platform data sheets are now available by request on our website for S130, S90, S90LN and RH90 platforms.

https://lnkd.in/gbJ7gV_D

#customdesign #madeintheusa #isocertification #trustedsupplier

"As we continue to experience growth in our innovation-focused ATS development business, we are pleased to see one of our development-stage life science customers begin their transition to Wafer Services production. Our TaaS model allows customers to continue to innovate for future designs on the same tools and processes as their current product, enabling a ‘lab-to-fab' environment,” said Ross Miller, SVP, Commercial and A&D Business at SkyWater. 

“We look forward to continuing to support Nautilus as they move toward the commercial availability of their groundbreaking proteome analysis platform. It’s exciting to be working with their team on efforts to revolutionize biomedicine and positively impact the health and lives of people around the world."

#innovation #semiconductormanufacturing #concepttoproduction #TaaS

Today, SkyWater's Brad Ferguson joined Governor Ron DeSantis, along with leaders from Osceola County Government, Valencia College, and the Osceola County School District to celebrate Florida's significant investments in #semiconductormanufacturing  and #advancedpackaging, with a strong focus on nurturing Florida’s semiconductor-related talent pipeline.

Through these investments, Florida is opening doors for countless students and equipping them with essential tools and knowledge to excel in a rapidly evolving sector. 

A highlight of the event was hearing from Esenia Hernandez, a talented NeoCity Academy student and intern at SkyWater Florida. Esenia shared her inspiring journey, illustrating firsthand how these programs are fueling passion and skill development in the technology sector.

Watch the recording: https://lnkd.in/gYam4mkV

#TechEducation #SemiconductorManufacturing #FloridaInnovation #FutureLeaders #SkyWater

SkyWater's Ben Larry and Jessica Filter participated in the JA Inspire event put on by Junior Achievement of Central Florida at the Osceola Heritage Park on January 23rd. We joined our partners imec, BRIDG and #Neocity at this event that drew nearly 4,000 eighth-grade students.

#juniorachievement #osceolacountyschools #JAinspire #imec #neocity #bridg

Exciting news from POLYN Technology this week! 

#semiconductormanufacturing #innovation

It was an exciting day at SkyWater Florida, as we kicked off a significant project to establish domestic advanced packaging solutions for government and commercial customers. This project was made possible by an award from the DOD’s RESHAPE program to Osceola County Government and directly supports initiatives to strengthen America’s supply chains. 

“We've signed an agreement with Osceola County that 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 Technologies 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.” - SkyWater CEO Thomas Sonderman

#FOWLP #advancedpackaging

SkyWater Florida Sponsored the 20th Annual Three Kings Day Osceola Event on January 7th. Everyone had a great time participating — especially Dale Miller and Ben Larry who acted as kings for the event.

“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.”

	Dec '19	Dec '20	Jan '22	Jan '23	Dec '23
revenue	136.72M -	140.44M 2.72%	162.85M 15.96%	212.94M 30.76%	286.68M 34.63%
cost of revenue	111.38M -	117.75M 5.72%	170.32M 44.65%	186.97M 9.78%	226.69M 21.24%
gross profit	25.35M -	22.69M 10.47%	-7.47M 132.93%	25.97M 447.52%	59.99M 131.03%
selling and marketing expenses	4.33M -	7.78M 79.80%	43.59M 460.49%	46.30M 6.21%
general and administrative expenses	14.39M -	17.25M 19.90%
selling general and administrative expenses	18.72M -	25.03M 33.75%	43.59M 74.16%	46.30M 6.21%	63.31M 36.73%
research and development expenses	6.33M -	4.21M 33.52%	8.75M 107.87%	9.43M 7.82%	9.47M 0.40%
other expenses	9.27M -	2.09M 77.41%	-2.71M 229.42%
cost and expenses	145.70M -	149.08M 2.32%	219.95M 47.54%	242.71M 10.35%	299.47M 23.39%
operating expenses	34.32M -	31.33M 8.69%	49.63M 58.40%	55.73M 12.29%	72.78M 30.58%
interest expense	6.55M -	5.50M 16.01%	3.54M 35.59%	5.19M 46.64%	10.83M 108.43%
ebitda	7.69M -	10.22M 32.93%	-29.74M 390.85%	-1.57M 94.70%	16.14M 1,124.89%
operating income	-8.97M -	-8.64M 3.67%	-57.10M 560.77%	-29.77M 47.87%	-12.79M 57.04%
depreciation and amortization	16.66M -	18.87M 13.23%	27.37M 45.07%	28.19M 3.01%	28.93M 2.62%
total other income expenses net	-11.01M -	-6.15M 44.10%	2.91M 147.31%	-6.29M 316.25%	-12.83M 103.75%
income before tax	-19.98M -	-14.79M 25.94%	-54.19M 266.29%	-36.06M 33.46%	-25.61M 28.97%
income tax expense	-3.56M -	4.92M 238.21%	-6.79M 238.04%	809K 111.91%	-521K 164.40%
net income	-16.42M -	-19.71M 20.07%	-47.40M 140.45%	-36.87M 22.22%	-30.76M 16.58%
weighted average shs out	39.06M -	39.06M 0%	39.84M 1.99%	40.84M 2.51%	45.51M 11.44%
weighted average shs out dil	39.06M -	39.06M 0%	39.84M 1.99%	40.84M 2.51%	45.51M 11.44%
eps	-0.42 -	-0.50 19.05%	-1.19 138%	-0.90 24.37%	-0.68 24.44%
epsdiluted	-0.42 -	-0.50 19.05%	-1.19 138%	-0.90 24.37%	-0.68 24.44%

COM:SKYWATERTECHNOLOGY

SkyWater Technology

Last Close

7.35

26/07 20:00

Market Cap

337.60M

Beta: -

Volume Today

185.24K

Avg: -

Preview