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SkyWater Technology

#7082

Rank

$432.33M

Marketcap

US United States

Country

SkyWater Technology
Leadership team

Mr. Thomas J. Sonderman (Pres, CEO & Director)

Mr. Steve Manko (Chief Financial Officer)

Mr. John L. Spicer (Exec. VP of Operations)

Products/ Services
Aerospace, Manufacturing, Service Industry
Number of Employees
500 - 1000
Headquarters
Bloomington, Minnesota, United States
Established
2017
Revenue
100M - 500M
Traded as
SKYT
Social Media
URL
https://www.skywatertechnology.com
Overview
Location

Summary
History
Mission
Vision
Key Team
Recognition and Award
References
Summary
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.
History

The company was formed in 2017, when private equity firm Oxbow Industries acquired Cypress Foundry Solutions, a microelectronics fabricator that was previously a subsidiary of California-based Cypress Semiconductor Corp.In early 2021, SkyWater acquired an additional chip factory in Osceola, Florida, repurposing the University of Central Florida NeoCity fabrication facility into a second fabrication site. It expanded its facility and add 100 new jobs in 2021, partially due to funding from the Minnesota Department of Employment and Economic Development.

Initial public offering

SkyWater Technology filed an initial public offering with the U.S. Securities and Exchange Commission in March 2021.

U.S. infrastructure investment

SkyWater has been cited as an example of the infrastructure the Biden administration is investing in. On April 12, 2021, President Joe Biden held up a silicon wafer created by SkyWater as he explained that chips represents a form of infrastructure.On July 20th, 2022 Skywater announces plans to invest 1.8 Billion dollars into a manufacturing facility in West Lafayette, Indiana. The facility is within Purdue University's Discovery Park District

Mission
Our mission is to develop innovative solutions that increase performance, reduce costs, and open new markets for our partners.
Vision
SkyWater Technology is a leader in developing and providing advanced technology solutions. Our vision is to be the preferred partner in providing extraordinary semiconductor technology solutions.
Key Team

Dr. Steven Kosier Ph.D. (Chief Technology Officer)

Mr. John Kent (Exec. VP of Technology Devel. & Design Enablement)

Mr. Jason Stokes (Chief Legal Officer & Gen. Counsel)

Mr. Mark Litecky (Chief Revenue Officer)

Mr. Kevin Jackson (Sr. VP of Corp. Devel.)

Dr. Brad Ferguson Ph.D. (Chief Gov. Affairs Officer and Sr. VP & GM of SkyWater Florida)

Ms. Amanda R. Daniel (Chief HR Officer)

Recognition and Awards
SkyWater Technology is consistently honored for our engineering excellence and customer service. We have received numerous awards, including the Outstanding Engineering Achievement Award in 2017 and 2018.
References

https://en.wikipedia.org/wiki/SkyWater_Technology

https://in.investing.com/equities/cmi-acquisition-llc

https://www.comparably.com/companies/vision/mission

https://www.crunchbase.com/organization/skywater-technology

https://finance.yahoo.com/quote/SKYT/

https://www.skywatertechnology.com

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SkyWater Technology
Leadership team

Mr. Thomas J. Sonderman (Pres, CEO & Director)

Mr. Steve Manko (Chief Financial Officer)

Mr. John L. Spicer (Exec. VP of Operations)

Products/ Services
Aerospace, Manufacturing, Service Industry
Number of Employees
500 - 1000
Headquarters
Bloomington, Minnesota, United States
Established
2017
Revenue
100M - 500M
Traded as
SKYT
Social Media
URL
https://www.skywatertechnology.com