SkyWater Technology, LLC SKYT

What this company does

SkyWater Technology, Inc. operates as a U.S.-based, independent, pure-play semiconductor foundry, providing foundational-node manufacturing, advanced technology development, and advanced packaging services through an integrated, multi-site operating model. The company operates exclusively within the United States, with fabrication and packaging facilities in Minnesota, Texas, and Florida. As of December 28, 2025, the company had 1,551 employees, all of whom reside in the United States. Infineon accounted for 43% and 7% of the company's revenue for the fiscal years ended December 28, 2025 and December 29, 2024, respectively. The company's operations are organized into two reportable segments, Legacy SkyWater and SkyWater Texas. Legacy SkyWater offers advanced semiconductor development and manufacturing services from its fabrication facility in Bloomington, Minnesota, and advanced packaging services from its Kissimmee, Florida facility. SkyWater Texas offers manufacturing services from its fabrication facility in Austin, Texas, focused on 200 mm semiconductor fabrication, copper processing, high-voltage technology services and 65 nm node infrastructure support. Before it began independent operations, the company's Minnesota fab was owned and operated by Cypress Semiconductor Corporation as a captive manufacturing facility for 26 years, and the company became independent in 2017 when it was acquired by an affiliate of Oxbow Industries, LLC as part of a divestiture from Cypress.

Written from the business description in SkyWater Technology, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 11 March 2026. Every sentence was checked against that document before publication.