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BLOOMINGTON, Minn. - SkyWater Technology (NASDAQ:SKYT), a semiconductor manufacturer with $324 million in trailing twelve-month revenue and a market cap of $502 million, has secured a license agreement with Infineon Technologies to access a library of silicon-proven, mixed-signal ASIC design intellectual property, the company announced Tuesday. According to InvestingPro data, the company’s stock has delivered a strong 40% return over the past year.
The licensed IP, originally developed by Cypress Semiconductor and validated in automotive-grade applications, will be integrated into SkyWater’s S130 platform on its 130nm technology node. This acquisition enables customers to design and manufacture mixed-signal system-on-chips entirely within a U.S.-based supply chain. With a solid financial health score of 2.71 on InvestingPro, the company appears well-positioned to execute this strategic initiative.
"Today, over 90% of global mixed-signal ASIC chip production happens offshore, despite these mature nodes being critical for automotive, industrial, and defense systems," said Ross Miller, SVP of SkyWater’s Commercial and A&D Business, according to the press release.
The IP portfolio includes components such as analog-to-digital converters, digital-to-analog converters, power management, timing, and communications modules that have been validated in mission-critical applications.
SkyWater plans to incorporate this IP into its Technology as a Service model, prioritizing the conversion of these IP blocks for general foundry use based on customer demand across various markets.
The company positions this agreement as a strategic development for U.S. semiconductor independence, particularly for applications in automotive, industrial, medical, and defense sectors that require high-reliability components.
SkyWater Technology, a DMEA-accredited Category 1A Trusted Supplier, operates U.S.-based semiconductor manufacturing facilities and serves markets including aerospace and defense, automotive, biomedical, and industrial computing. While analysts project profitability this year, investors seeking deeper insights into semiconductor stocks can access comprehensive analysis through InvestingPro’s detailed research reports, covering over 1,400 U.S. equities with expert analysis and actionable intelligence.
In other recent news, SkyWater Technology reported its Q1 2025 financial results, which did not meet expectations. The company announced an earnings per share (EPS) of -$0.08, falling short of the projected -$0.06. Additionally, revenue came in at $61.3 million, missing the forecasted $66.46 million. These results mark a notable development for investors monitoring the company’s financial health. In other developments, SkyWater Technology recently held its annual meeting of stockholders, where nine directors were elected to serve until the 2026 meeting. The directors elected include Timothy E. Baxter, Edward M. Daly, and Nancy Fares, among others. The company also ratified its independent auditor during the meeting. These recent developments provide insights into SkyWater Technology’s current corporate governance and financial performance.
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