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SkyWater Foundation Grants $100,000 in Scholarships to Support Students Pursuing Higher Education and Technical Skills for Success in U.S. Workforce
BLOOMINGTON, Minn.--(BUSINESS WIRE)-- SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, is pleased to announce the selection of
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[{"type":"text","content":" BLOOMINGTON, Minn.--(BUSINESS WIRE)--\nSkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, is pleased to announce the selection of 10 recipients by Scholarship America to receive $10,000 each through the second annual SkyWater Foundation Scholarship Program. While the application process welcomed students from all fields, an emphasis in STEM (science, technology, engineering, and mathematics) was encouraged. Currently, there exists a gap in the talent required for the semiconductor industry. Workforce development is critical in producing the highly skilled personnel needed to address the industry’s evolving needs and technological breakthroughs.\n\n\nEligible applicants included high school graduates or current college undergraduates planning to enroll full-time at an accredited two- or four-year college, university or vocational-technical school for the entire 2024-2025 academic year, with a minimum GPA of 3.0 on a 4.0 scale (or its equivalent). Selection criteria considered academic performance, leadership, extracurricular activities and a statement of educational and career goals. Due to an overwhelming response last year, Scholarship America capped applications at the first 1,000 received.\n\n\nThe SkyWater Foundation Scholarship Program is made possible through the generosity of the Oxbow Foundation and SkyWater Technology, Inc. According to SkyWater’s Senior Vice President of Human Resources, Laura Lorenz, “SkyWater is very pleased to partner with the Oxbow Foundation to offer these scholarships. Investing in higher education and helping students develop technical skills is essential for strengthening the U.S. workforce.”\n\n\nThe 10 recipients are pursuing degrees at institutions ranging from Columbia to MIT and Purdue, among others and include majors such as engineering physics, aerospace engineering and computer science.\n\n\nOxbow Foundation Director, Elise Unterseher said, “The Foundation takes pride in advancing STEM education and cultivating future leaders in the semiconductor industry through our scholarship program. By making education more accessible, we align with our commitment to fostering learning. These scholarships empower students to pursue higher education, unlocking their potential for greater earning and success in their future careers.”\n\n\nAccording to one of the recipien...