SkyWater Technology, Inc Stock: price and management transactions · United States · SEC (Form 4)

About SkyWater Technology, Inc

SkyWater Technology, Inc. is a U.S.-based semiconductor foundry and specialty manufacturing company listed on the NASDAQ under the ticker SKYT. Headquartered in Bloomington, Minnesota, United States, the company was formed in 2017 around the acquisition of a 200 mm manufacturing site previously operated by Cypress Semiconductor. That origin gave SkyWater an immediately operational domestic manufacturing footprint and shaped its long-term positioning as a strategically important U.S. industrial asset rather than a conventional high-volume commodity foundry. ([skywatertechnology.com](https://www.skywatertechnology.com/skywater-technology-foundry-acquires-twin-cities-semiconductor-manufacturing-facility-from-cypress-semiconductor-corporation/?utm_source=openai)) SkyWater’s business model is centered on “Technology as a Service” (TaaS), which combines technology development, process maturation, wafer manufacturing, and heterogeneous integration services. This model is designed for customers whose competitive edge depends on process know-how, secure intellectual property handling, and close engineering collaboration. The company serves a broad set of end markets, including aerospace and defense, automotive, healthcare, industrial, and emerging deep-tech domains such as quantum computing, photonics, MEMS, superconducting ICs, and rad-hard electronics. In practice, SkyWater is both a manufacturing partner and a technology realization platform, helping customers move concepts from early development into production. ([skywatertechnology.com](https://www.skywatertechnology.com/who-we-are/?utm_source=openai)) From a competitive standpoint, SkyWater occupies a niche but strategically relevant position. It is not competing head-on with the largest global pure-play foundries on scale; instead, it focuses on U.S.-based, trusted, and secure manufacturing capabilities for applications where supply-chain resilience, domestic production, and IP protection matter. Its DMEA Category 1A Trusted Foundry accreditation and additional certifications in aerospace, medical, automotive, and quality management strengthen its appeal to defense customers and regulated industries. The company also highlights a multi-site U.S. footprint, with facilities in Minnesota, Florida, and Texas, reinforcing its domestic supply-chain narrative. ([skywatertechnology.com](https://www.skywatertechnology.com/who-we-are/?utm_source=openai)) Recent developments are material for equity investors. In June 2025, SkyWater completed the acquisition of Fab 25 in Austin, Texas, a move that expanded its U.S. pure-play foundry capacity. In July 2025, it announced an IP license agreement with Infineon to broaden its mixed-signal ASIC offering on the S130 platform. In the second half of 2025, management emphasized strong momentum in quantum-related revenues and new customer wins, underscoring the company’s exposure to early-stage but potentially high-value markets. Most notably, in January 2026 IonQ announced a definitive agreement to acquire SkyWater in a cash-and-stock transaction at $35.00 per share, subject to shareholder and regulatory approvals. For English-speaking investors, SkyWater stands out as a U.S. industrial technology platform leveraged to themes such as reshoring, national security, and quantum-enabled computing. ([skywatertechnology.com](https://www.skywatertechnology.com/skywater-completes-acquisition-of-fab-25/?utm_source=openai))