SkyWater Technology
Bloomington, United States · Manufacturing, Software
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 ne
Key facts
- Headquarters
- Bloomington, United States
- Employees
- 710
- Industries
- Manufacturing, Software
- Website
- skywatertechnology.com
- Company page
Recent activity at SkyWater Technology
- : SkyWater Technology and Qolab Launch Midwest Commercial Foundry Partnership for Superconducting Technology.
- : SEC 8-K (5.02):
- : SEC 8-K (8.01): On July 28, 2026, SkyWater Technology, Inc. announced that it received final regulatory approval to consummate its merger with IonQ, Inc., under an agreement initially made on January 25, 2026. The transaction involves two mergers where a subsidiary of IonQ will merge with SkyWater, followed by a second merger where SkyWater will merge into another subsidiary of IonQ. The effective completion of these mergers positions SkyWater as a wholly owned subsidiary of IonQ, representing a strategic move for both companies aiming for greater market presence and technological advancements. This approval comes with certain conditions as detailed in the Merger Agreement, affecting the timeline and execution of the deal.
- : SEC 8-K (8.01): On April 24, 2026, SkyWater Technology, Inc. provided an update regarding its previously announced Agreement and Plan of Merger with IonQ, Inc. This disclosure pertains to a significant merger where Merger Subsidiary 1 will merge with SkyWater, making it a wholly owned subsidiary of IonQ, and subsequently, SkyWater will merge into Merger Subsidiary 2. The completion of these mergers is currently subject to a request for additional information from the U.S. Federal Trade Commission, which extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The mergers are anticipated to close in the second or third quarter of 2026, pending regulatory review and satisfaction of customary closing conditions.
- : SEC 8-K (5.02):
- : SkyWater Technology Appoints Christine Dunbar as Senior Vice President of Sales and Solutions Engineering
- : SEC 8-K (1.01): On January 25, 2026, SkyWater Technology, Inc. entered into a Merger Agreement with IonQ, Inc. and its subsidiaries. According to the agreement, SkyWater will merge with IonQ's subsidiary, making SkyWater a wholly owned subsidiary of IonQ, followed by an additional merger with another subsidiary. The agreement stipulates that each outstanding share of SkyWater will be converted into $15.00 in cash plus a number of shares of IonQ's common stock based on a calculated Exchange Ratio, which depends on the stock price of IonQ before the closing. This strategic transaction indicates significant financial implications and a shift in control, aligning with IonQ's objectives in the tech industry.
- : SEC 8-K (8.01): On January 25, 2026, SkyWater Technology, Inc. entered into a Merger Agreement with IonQ, Inc. and its subsidiaries, Merger Sub 1 and Merger Sub 2. The agreement outlines a two-step merger process where Merger Sub 1 will merge with SkyWater, leading to SkyWater becoming a wholly owned subsidiary of IonQ. This will be followed by Merger Sub 2 merging with SkyWater, which will also result in SkyWater being a subsidiary of IonQ. The transaction is significant as it positions IonQ to expand its operational capabilities and market reach, with detailed regulatory filings, including a Registration Statement, to be submitted to the SEC. A press release regarding the agreement was issued on January 26, 2026.
- : SEC 8-K (8.01): On January 25, 2026, SkyWater Technology, Inc. entered into a Merger Agreement with IonQ, Inc. and its subsidiaries for a two-step merger process. In the first step, Merger Sub 1 will merge with SkyWater, making it a wholly owned subsidiary of IonQ. Following this, SkyWater will merge into Merger Sub 2, with this subsidiary also becoming a wholly owned part of IonQ. This transaction indicates a significant strategic move for both companies in the tech sector, expanding IonQ's capabilities and portfolio. The terms of the merger include standard provisions for such agreements, although exact financial details are not disclosed in the excerpt.
- : SkyWater Technology Launches ThermaView Solutions for Enhanced Thermal Imaging Support
SkyWater Technology funding history
| Date | Round | Amount |
|---|---|---|
| Sep 2022 | Funding Round | $99.0M |
| Jul 2022 | Funding Round | Undisclosed |
Leadership
- Thomas Sonderman, CEO and Director
- Thomas Sonderman, President & CEO
- Liang Wang, VP and Advanced Packaging CTO
- Steve Manko, CFO
- Christine Dunbar, Senior Vice President
- Bassel Haddad, General Manager
Verified email and direct lines for SkyWater Technology’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
SkyWater Technology in the news
- IonQ to Acquire SkyWater Technology, Creating the Only Vertically Integrated Full-Stack Quantum Platform Company - IonQ (Jan 26, 2026)
- IonQ to Acquire SkyWater Technology - The Quantum Insider (Jan 26, 2026)
- SkyWater Technology chooses Discovery Park District at Purdue for $1.8B semiconductor fabrication facility, to create 750 jobs in 5 years - Purdue University (Jul 20, 2022)
- SkyWater acquiring Infineon’s Austin fab - Defense and Munitions (Mar 19, 2025)
- IonQ Receives Regulatory Approval for SkyWater Acquisition - IonQ (Jul 28, 2026)
- SkyWater Strengthens Commercial Leadership with Appointment of Christine Dunbar - Business Wire (Feb 16, 2026)
- SkyWater Technology and QuamCore Announce Collaboration to Fabricate Digital Superconducting Controller for Scalable Quantum Computing - Business Wire (Nov 06, 2025)
- SkyWater Technology Stockholders Approve Merger Agreement with IonQ - Business Wire (May 08, 2026)
Companies similar to SkyWater Technology
- Rambus · Manufacturing, Software
- Destinus · Manufacturing, Software
- Mobica · Manufacturing, Software
- ESO · Manufacturing, Software
- Redwire Corporation · Manufacturing, Software
About SkyWater Technology: questions and answers
What does SkyWater Technology do?
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 ne
Where is SkyWater Technology headquartered?
SkyWater Technology is headquartered in Bloomington, United States.
How many employees does SkyWater Technology have?
SkyWater Technology has about 710 employees.
Has SkyWater Technology raised funding?
Yes. Fundz has recorded 2 funding events for SkyWater Technology. The most recent, Funding Round of $99.0M, was in Sep 2022.
Who leads SkyWater Technology?
Thomas Sonderman is a CEO and Director at SkyWater Technology.
What is the latest news on SkyWater Technology?
On Sep 21, 2026, SkyWater Technology and Qolab Launch Midwest Commercial Foundry Partnership for Superconducting Technology.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy