Latest news with #SkyWater
Yahoo
9 hours ago
- Business
- Yahoo
SkyWater Technology Announces Anticipated Closing Date of Fab 25 Acquisition and Receipt of Regulatory Approvals
BLOOMINGTON, Minn. & AUSTIN, Texas, June 23, 2025--(BUSINESS WIRE)--SkyWater Technology (Nasdaq: SKYT), the trusted technology realization partner, today announced that it expects to complete its previously announced acquisition of Fab 25 on June 30, 2025. The company also confirmed that all required regulatory approvals have now been obtained. The acquisition is expected to enhance SkyWater's capabilities in foundational semiconductor manufacturing and strengthen its strategic position within North America's semiconductor ecosystem. The closing remains subject to customary conditions. SkyWater will share further information once the transaction is completed. About SkyWater SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier. SkyWater's Technology as a Service model streamlines the path to production for customers with development services, high-volume production and heterogeneous integration solutions in its U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, rad-hard ICs, MEMS, superconducting ICs, photonics and advanced packaging. SkyWater serves critical domestic markets including aerospace & defense, automotive, biomedical, industrial and quantum computing. For more information, visit: 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 SkyWater'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 SkyWater'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 SkyWater's actual results to be different than expected or anticipated include, but are not limited to, ability to satisfy certain conditions to the proposed Fab 25 transaction on the anticipated timeframe or at all; ability to realize the expected benefits of the proposed Fab 25 transaction; ability to promptly and effectively integrate Fab 25's operations; negative effects relating to the consummation of the proposed Fab 25 transaction on the market price of SkyWater's common stock; significant transaction costs and/or unknown or inestimable liabilities; general economic and business conditions that may affect the combined company following the consummation of the proposed Fab 25 transaction; and other 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 SkyWater files with the SEC, which are available at SkyWater assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release. View source version on Contacts SkyWater Media Contact: media@ SkyWater Investor Contact: Claire McAdams | claire@
Business Wire
9 hours ago
- Business
- Business Wire
SkyWater Technology Announces Anticipated Closing Date of Fab 25 Acquisition and Receipt of Regulatory Approvals
BLOOMINGTON, Minn. & AUSTIN, Texas--(BUSINESS WIRE)--SkyWater Technology (Nasdaq: SKYT), the trusted technology realization partner, today announced that it expects to complete its previously announced acquisition of Fab 25 on June 30, 2025. The company also confirmed that all required regulatory approvals have now been obtained. The acquisition is expected to enhance SkyWater's capabilities in foundational semiconductor manufacturing and strengthen its strategic position within North America's semiconductor ecosystem. The closing remains subject to customary conditions. SkyWater will share further information once the transaction is completed. About SkyWater SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier. SkyWater's Technology as a Service model streamlines the path to production for customers with development services, high-volume production and heterogeneous integration solutions in its U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, rad-hard ICs, MEMS, superconducting ICs, photonics and advanced packaging. SkyWater serves critical domestic markets including aerospace & defense, automotive, biomedical, industrial and quantum computing. For more information, visit: 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 SkyWater'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 SkyWater'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 SkyWater's actual results to be different than expected or anticipated include, but are not limited to, ability to satisfy certain conditions to the proposed Fab 25 transaction on the anticipated timeframe or at all; ability to realize the expected benefits of the proposed Fab 25 transaction; ability to promptly and effectively integrate Fab 25's operations; negative effects relating to the consummation of the proposed Fab 25 transaction on the market price of SkyWater's common stock; significant transaction costs and/or unknown or inestimable liabilities; general economic and business conditions that may affect the combined company following the consummation of the proposed Fab 25 transaction; and other 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 SkyWater files with the SEC, which are available at SkyWater assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.
Yahoo
17-06-2025
- Business
- Yahoo
SkyWater Banks on ThermaView Platform to Revive Wafer Services Growth
SkyWater Technology's SKYT Wafer Services revenues saw a year-over-year decline of 25% in the first quarter of fiscal 2025 due to reduced demand from key automotive customers. However, the launch of its proprietary ThermaView platform had an immediate impact, reversing the trend with a strong sequential rebound. Wafer Services revenues surged 70% sequentially to $7.5 million, with ThermaView emerging as a major growth SkyWater's first internally developed product platform, is designed for thermal imaging applications and built on a 90 nm CMOS and MEMS process. Two leading U.S. defense primes are already deploying it, validating its relevance in mission-critical expects the platform to remain a cornerstone of Wafer Services' growth through fiscal 2025, despite some anticipated quarterly fluctuations. Addressing a $9 billion market opportunity projected by 2027, SkyWater is well-positioned to scale ThermaView across defense and industrial markets. For the second quarter of 2025, the company expects Wafer Services revenues between $5 million and $6 million, reflecting the platform's sustained growing traction is set to drive expansion across SkyWater's Wafer Services and ATS segments in 2025. As thermal imaging becomes integral to next-gen defense, industrial and automotive sectors, ThermaView is expected to play a defining role in driving revenue expansion and improving operational scale. GlobalFoundries GFS is a major player in the semiconductor foundry space, offering scale and a wide range of process technologies across 200 mm and 300 mm wafers. GFS serves diverse markets like automotive, aerospace and communications infrastructure. GFS competes with SkyWater in specialty and defense-aligned production, but it holds a clear advantage in scale, capacity and customer base, making it a formidable rival in high-volume and government-backed Semiconductor TSEM focuses on analog, RF and MEMS technologies, targeting high-value niches in medical, automotive and industrial markets. With decades of expertise in specialty analog technologies, Tower offers precise, customizable solutions for complex chip designs. Compared to SkyWater, Tower's deeper analog expertise and global scale make it a preferred partner for complex analog projects needing flexibility and reliability beyond the United States. Shares of SkyWater have lost 40.6% year to date against the Zacks Electronics – Semiconductors industry's return of 3.9%. Image Source: Zacks Investment Research From a valuation standpoint, SKYT currently trades at a forward 12-month price-to-sales ratio of 1.17, which is at a significant discount compared to the industry's average of 8X. As investors are paying significantly less for each dollar of SKYT's sales compared to the industry, this stock is a great pick for a value investor. SKYT carries a Value Score of B. Image Source: Zacks Investment Research The Zacks Consensus Estimate for SKYT's 2025 loss is currently pegged at 1 cent per share, which has narrowed by 85.7% over the past 60 days. The estimate suggests a year-over-year decline of 116.67%. Image Source: Zacks Investment Research SKYT stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SkyWater Technology, Inc. (SKYT) : Free Stock Analysis Report GlobalFoundries Inc. (GFS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
SKYT vs. MRVL: Which Semiconductor Stock is the Better Investment?
SkyWater Technology SKYT and Marvell Technology MRVL are both active players in the semiconductor space, with SKYT focusing on specialty foundry services and MRVL leading in custom silicon solutions for data centers and AI infrastructure. Each company brings unique strengths to the table, from SKYT's co-creation model to MRVL's large-scale hyperscaler continued growth in AI, quantum computing and specialty chip demand, investors are left wondering: Which stock is the better buy right now? Let's break down their performance and growth potential to see which offers the stronger investment case. SkyWater Technology has been steadily building its business by focusing on new product development and strong execution. Over time, the company has benefited from its strategy of working closely with customers to move products from early development to full production. This approach has helped SkyWater Technology grow its Wafer Services segment, especially in areas like thermal imaging and diagnostics, where customer interest has been rising company has also been shifting away from older, legacy programs and focusing more on new technology platforms. The ThermaView platform has been a big part of this change, bringing in more business from key customers. At the same time, SkyWater is preparing to grow further through its planned acquisition of Fab 25 in Austin, which is expected to add more capacity and help support sectors like electric vehicles, medical devices and the first quarter of 2025, SkyWater reported $61.3 million in revenues, showing a 13% increase year over year. Gross margin reached 24.2%, helped by cost improvements and a one-time benefit. The company also reported more than $4 million in adjusted EBITDA, with Wafer Services making strong contributions thanks to new product work in quantum computing has also been growing. Advanced computing now makes up 10% of total revenues, with most of that coming from quantum projects. Partnerships with companies like D-Wave and Si-Quantum are helping SkyWater expand in this space. The upcoming Fab 25 acquisition, backed by a $1 billion supply agreement, is expected to bring in immediate cash flow and support long-term Zacks Consensus Estimate for SKYT's 2025 loss is pegged at 1 cent per share, which has remained steady over the past 30 days, indicating a 116.67% decrease year over year. The consensus estimate for 2025 revenues is pinned at $307.15 million, suggesting a year-over-year decline of 10.26%. SkyWater Technology, Inc. price-consensus-chart | SkyWater Technology, Inc. Quote Marvell Technology has been steadily gaining from strong momentum in its data center business, particularly driven by rising demand for AI applications. The company has expanded its custom silicon programs and introduced new technologies like co-packaged optics and high-bandwidth memory integration. These innovations have helped position Marvell Technology as a key supplier to major hyperscalers, with growing interest across custom compute and connectivity solutions. Partnerships, including a recent collaboration with NVIDIA on NVLink Fusion, reflect the company's efforts to stay embedded in next-generation AI infrastructure the same time, Marvell Technology has been seeing some recovery across its traditional segments. Enterprise networking and carrier infrastructure have shown sequential improvements, while the optical interconnect business continues to grow. However, softness remains in the industrial and consumer segments. In the first of fiscal 2026, Marvell's automotive and industrial revenues declined 12% sequentially to $76 million, while consumer revenues dropped 29% sequentially to $63 million. In the fiscal first quarter, Marvell Technology reported revenues of $1.90 billion, up 63% year over year. Non-GAAP earnings per share grew 158% year over year to 62 cents. The data center segment contributed 76% of total revenues, with custom AI silicon playing a central role in the growth. Non-GAAP gross margin was 59.8%, and operating margin came in at 34.2%.Marvell's custom silicon business is growing fast, especially in AI, but it runs at lower gross margins than the rest of the company. This is weighing on overall margins. For the second quarter of fiscal 2026, Marvell expects $2 billion in revenues and a non-GAAP gross margin of 59% to 60%. While long-term AI growth remains strong, profitability could fluctuate as lower-margin custom products make up more of the revenue Zacks Consensus Estimate for MRVL's fiscal 2026 earnings is pegged at $2.79 per share, which has been revised upward by 4 cents over the past 30 days, indicating a 77.71% increase year over year. The consensus estimate for revenues is pinned at $8.21 billion, suggesting year-over-year growth of 42.43%. Marvell Technology, Inc. price-consensus-chart | Marvell Technology, Inc. Quote In a month, MRVL shares have gained 7.4%, while SKYT shares have lost 5.8%. For SKYT, the one-month plunge indicates that there is more upside left in the stock, whereas for MRVL, much of the demand and growth have already been priced in. Image Source: Zacks Investment Research In terms of valuation, MRVL's current forward 12-month P/S ratio of 6.61X is way ahead of SKYT's 1.17X. This makes SkyWater a relatively cheap stock. SKYT's Value Score of B further reinforces an attractive valuation for the stock at the moment, making it a great pick for a value investor. MRVL currently has a Value Score of D. Image Source: Zacks Investment Research SkyWater offers a stronger investment case heading into 2025, driven by steady momentum in new product adoption, expanding quantum partnerships and its upcoming Fab 25 acquisition. The company's shift from legacy programs to advanced platforms like ThermaView is unlocking new revenue streams while supporting long-term growth in sectors like Marvell Technology continues to benefit from AI-driven data center growth, its lower-margin custom silicon and ongoing segment softness may weigh on profitability. In contrast, SkyWater's leaner valuation, improving revenue mix and high-growth potential in underpenetrated markets make it a more compelling pick for value-focused, long-term currently sports a Zacks Rank #1 (Strong Buy), while MRVL has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report SkyWater Technology, Inc. (SKYT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-04-2025
- Business
- Yahoo
SkyWater Appoints Dr. Percy Gilbert as Senior Vice President of Engineering
Gilbert's extensive technical expertise, proven track record of accomplishments and dedication to R&D underscore his proficiency in advanced semiconductor technologies BLOOMINGTON, Minn., April 16, 2025--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of Dr. Percy V. Gilbert as senior vice president of engineering. Gilbert will report directly to President and COO John Sakamoto and will be responsible for leading and expanding SkyWater's engineering organization, which is integral to the company's ongoing strategic growth in Advanced Technology Services (ATS), platform solutions and Wafer Services (WS). Gilbert will oversee key engineering functions during an exciting period of transition and growth, notably as the company moves toward closing the acquisition of Infineon's Austin Fab. In this capacity, he will work closely with senior engineering leaders to implement innovative solutions that streamline product development and ensure the delivery of high-performance semiconductor solutions to a diverse array of industries. "The appointment of Percy to lead our engineering team represents a significant milestone for SkyWater," said Sakamoto. "His leadership and technical expertise will drive our innovative culture as we continue to scale our operations and enhance our engineering capabilities. We look forward to leveraging his vast experience in semiconductor technology to deliver on our long-term strategic objectives." Gilbert brings over two decades of industry leadership and technical excellence to SkyWater. His distinguished career includes senior roles at NXP Semiconductors, where he steered new product development initiatives, and IBM Systems Group, where he led advanced process technology development and product engineering initiatives for next-generation microprocessors. His earlier roles at Motorola further solidified his reputation for driving innovation and delivering robust engineering solutions. Gilbert received his Ph.D. following his M.S. and B.S. in electrical and computer engineering from Purdue University. His extensive technical expertise is underscored by his impressive record of achievements, which includes 10 U.S. patents and more than 20 technical publications. "Joining SkyWater is an exciting new chapter for me," Gilbert said. "I am thrilled to contribute to a company that is at the forefront of innovation and to collaborate with a team committed to excellence. I look forward to driving initiatives that will help us set new benchmarks in engineering and customer success." About SkyWater SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier. SkyWater's Technology as a Service model streamlines the path to production for customers with development services, high-volume production and heterogeneous integration solutions in its U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, rad-hard ICs, MEMS, superconducting ICs, photonics and advanced packaging. SkyWater serves the growing markets of aerospace & defense, automotive, biomedical, industrial and quantum computing. For more information, visit: 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 SkyWater'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 SkyWater'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 SkyWater's actual results to be different than expected or anticipated include, but are not limited to, our goals and strategies; our future business development, financial condition and results of operations; our ability to complete our proposed acquisition of Fab 25 on the anticipated timeframe or at all and to realize the expected benefits of our proposed acquisition of Fab 25; our ability to continue operating our fabrication facilities at full capacity; our ability to appropriately respond to changing technologies on a timely and cost-effective basis; our customer relationships and our ability to retain and expand our customer relationships; our ability to accurately predict our future revenues for the purpose of appropriately budgeting and adjusting our expenses; our expectations regarding dependence on our largest customers; our ability to diversify our customer base and develop relationships in new markets; the performance and reliability of our third-party suppliers and manufacturers; our ability to procure tools, materials, and chemicals; our ability to control costs, including our operating and capital expenses; the size and growth potential of the markets for our solutions, and our ability to serve and expand our presence in those markets; the level of demand in our customers' end markets; our ability to attract, train and retain key qualified personnel; adverse litigation judgments, settlements or other litigation-related costs; changes in trade policies, including the imposition of or increase in tariffs; our ability to raise additional capital or financing; our ability to accurately forecast demand; changes in local, regional, national and international economic or political conditions, including those resulting from increases in inflation and interest rates, a recession, or intensified international hostilities; the level and timing of U.S. government program funding; our ability to maintain compliance with certain U.S. government contracting requirements; regulatory developments in the United States and foreign countries; our ability to protect our intellectual property rights; and other 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 SkyWater files with the SEC, which are available at SkyWater assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release. SKYT-CORP View source version on Contacts SkyWater Company Contact: Tara Luther | 952.851.5023 | SkyWater Media Contact: Lauri Julian | 949.280.5602 | Sign in to access your portfolio
