Europe
SkyWater Acquires Infineon’s Austin Fab and Establishes Strategic Partnership
• SkyWater Technology has agreed to acquire Infineon’s 200mm fab in Austin, Texas, and a corresponding long-term supply agreement.
• The acquisition will increase the U.S.’s capacity for foundational chips on nodes from 130 nanometers down to 65 nanometers critical for many industrial, automotive, and defense applications.
• The long-term supply agreement will enable Infineon to maintain a strong, efficient, and scalable manufacturing footprint in the U.S.
• The strategic partnership will enhance the long-term viability and utilization of Fab 25 and affirm the long-term perspective for nearly 1,000 manufacturing jobs at Fab 25.
• SkyWater, a U.S.-based company, will transition the Fab 25 business model from Integrated Device Manufacturer (IDM) to foundry to bring substantial manufacturing capacity to a broad base of new customers over time.
• The partnership will strengthen the industrial base and domestic semiconductor supply chain in the U.S. and the resilience for critical foundational semiconductor technology.
• The closing of the transaction is subject to regulatory approval in the U.S. and is expected in the coming months.
SkyWater Investor Webcast and Form 8-K Filing
• SkyWater will host a conference call on February 26, 2025, to discuss its Q4 and 2024 financial results.
• The call will also cover additional details about the Fab 25 transaction.
• A live webcast of the call will be available online at IR.SkyWaterTechnology.com.
• SkyWater is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier.
• The company’s Technology as a Service model streamlines the production path for customers.
• SkyWater serves the growing markets of aerospace & defense, automotive, biomedical, industrial, and quantum computing.
• The press release contains “forward-looking” statements based on SkyWater’s current expectations or forecasts of future events.
• Key factors that could cause SkyWater’s actual results to be different than expected include obtaining necessary regulatory approvals, realizing expected benefits, integrating Fab 25’s operations, negative effects on the market price of SkyWater’s common stock, significant transaction costs, and general economic and business conditions.
