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NEWS

SkyWater Plans to Build Advanced $1.8B Semiconductor Manufacturing Facility in Partnership with the

(07/20/2022 | Press Releases) BLOOMINGTON, Minn. and WEST LAFAYETTE, Ind. – July 20, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced its plans to build a $1.8 billion U.S. semiconductor R&D and production facility in Indiana through a dynamic public-private partnership with the State and Purdue University to pursue CHIPS (Creating Helpful Incentives to Produce Semiconductors) for America Act funding. The Indiana facility, to be located on the Purdue campus in the Discovery Park District, will provide access to SkyWater’s development services, volume production and heterogeneous integration solutions the company currently offers in its Minnesota and Florida facilities.