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Department of Commerce and SkyWater Technologies Partner to Enhance Minnesota’s Semiconductor Industry

Dec 06, 2024•over 1 year ago

Contract Type

partnership

BloomingtonManufacturingSoftware

Description

The U.S. Department of Commerce has signed a preliminary memorandum of terms (PMT) under the CHIPS and Science Act, providing up to $16 million in proposed direct funding to SkyWater Technology Foundry, Inc. to modernize its facility in Bloomington, Minnesota. This partnership solidifies Minnesota’s leadership in the U.S

Company Information

Company

SkyWater Technology

Location

Bloomington, Minnesota, United States

About

SkyWater (NASDAQ: SKYT) is a U.S. investor-owned semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Foundry. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

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