SkyWater Technology Foundry Inc. Secures $16 Million Funding to Advance Innovation in Semiconductor Manufacturing

SkyWater Technology Foundry Inc., a leading U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier, has successfully raised $16 million in its latest funding round. This financial boost underscores the company's commitment to innovating and expanding its Technology as a Service model, which is designed to streamline the journey from concept to production for customers across various sectors. With this funding, SkyWater plans to enhance its development services, volume production capabilities, and heterogeneous integration solutions, all housed within its state-of-the-art U.S. facilities. The semiconductor landscape is rapidly evolving, and as SkyWater serves a diverse clientele in aerospace & defense, automotive, biomedical, industrial, and quantum computing, this round of investment will allow the company to capitalize on emerging opportunities and technological advancements. The funds will primarily be used to accelerate research and development efforts, foster collaborations with innovative partners, and expand the manufacturing facilities to meet growing demand. SkyWater is not just a semiconductor manufacturer; it is a catalyst for next-generation technology, paving the way for advancements in mixed-signal CMOS, radiation-hardened integrated circuits, and more. As the industry looks towards a future defined by more sophisticated and integrated solutions, SkyWater is positioned to play a pivotal role in driving this transformation forward, making it an exciting time for both the company and its stakeholders.