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SkyWater Hosts Minnesota Governor Tim Walz and Department of Employment and Economic Development Commissioner Steve Grove
Visit highlights the importance of manufacturing in the State’s economic expansion BLOOMINGTON, Minn.--(BUSINESS WIRE)-- SkyWater Technology (NASDAQ: SKYT),
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[{"type":"text","content":"\nVisit highlights the importance of manufacturing in the State’s economic expansion\n\n BLOOMINGTON, Minn.--(BUSINESS WIRE)--\nSkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it hosted Minnesota Governor Tim Walz and Department of Employment and Economic Development Commissioner Steve Grove at its Bloomington, Minnesota headquarters on September 16, 2021 for a facility tour and press conference to highlight the importance of manufacturing in Minnesota’s economic expansion. Walz and Grove joined SkyWater President and CEO Thomas Sonderman and other SkyWater executives for a fab tour and discussion about the company’s domestic capabilities for production of microelectronics important to America’s infrastructure.\n\nOn April 12, 2021, during the White House virtual Chip Summit, President Biden held up a SkyWater silicon wafer and stated, “We need to build the infrastructure of today and not repair the one of yesterday.” Furthering this sentiment during the press conference, referring to the U.S. Innovation and Competition Act, Governor Walz said, “There is a piece of legislation in the Federal government that we are fully supportive of. It will require the state of Minnesota to come in as partners, and we are fully committed to making sure that happens.”\n\nEarlier this summer, the U.S. Senate passed its version of the USICA with bipartisan support. The bill, which is currently in the House of Representatives, is expected to provide $52 billion to fund semiconductor research, design, and manufacturing initiatives. While the Federal government is making progress on this legislation, the effort also relies on state governments and the private sector to succeed. Federal funding would enable the vibrant ecosystem of innovators in Minnesota to increasingly rely on American-made semiconductors such as the ones produced in Bloomington where SkyWater plans to create jobs and increase manufacturing capacity.\n\nDuring his remarks, Commissioner Grove said, “Not only does this funding in Congress really matter to the future of this industry and to SkyWater, but it’s the kinds of jobs that SkyWater is creating, the kinds of talent they’re attracting to our state, that are really going to define the next chapter in Minnesota’s economy.”\n\nSkyWater, as a U.S.-owned and operated pure-play foundry,...