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BLOOMINGTON, Minn. & AUSTIN, Texas--(BUSINESS WIRE)--SkyWater Technology (Nasdaq: SKYT), the trusted technology realization partner, today announced that it has completed its acquisition of Infineon Technologies AG's (FSE: IFX / OTCQX: IFNNY) 200 mm semiconductor fab in Austin, Texas (“Fab 25”). By adding approximately 400,000 wafer starts per year in capacity, Fab 25 brings meaningful scale to SkyWater's exclusively U.S.-based, pure-play foundry operation and enables SkyWater to enhance its ad.
In the closing of the recent trading day, SkyWater Technology, Inc. (SKYT) stood at $9.89, denoting a -5.36% move from the preceding trading day.
SkyWater Technology (SKYT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
SkyWater's $1B Fab-25 deal aims to boost Wafer Services revenues, scale chip output and expand U.S. foundry capacity.
The latest trading day saw SkyWater Technology, Inc. (SKYT) settling at $9.07, representing a +2.49% change from its previous close.
BLOOMINGTON, Minn. & AUSTIN, Texas--(BUSINESS WIRE)--SkyWater Technology (Nasdaq: SKYT), the trusted technology realization partner, today announced that it expects to complete its previously announced acquisition of Fab 25 on June 30, 2025. The company also confirmed that all required regulatory approvals have now been obtained. The acquisition is expected to enhance SkyWater's capabilities in foundational semiconductor manufacturing and strengthen its strategic position within North America's.
SKYT rebounds with a 70% jump in Wafer Services revenues as its ThermaView platform gains rapid traction in defense.
SkyWater Technology's quantum push, Fab 25 deal and lean valuation stack up strongly against Marvell Technology's AI-fueled momentum.
In the closing of the recent trading day, SkyWater Technology, Inc. (SKYT) stood at $8.82, denoting a -4.44% move from the preceding trading day.
SKYT's acquisition of Fab 25, ThermaView launch and rising quantum computing demand present a compelling entry point in the stock in 2025.