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SkyWater Technology Announces Anticipated Closing Date of Fab 25 Acquisition and Receipt of Regulatory Approvals
BLOOMINGTON, Minn. & AUSTIN, Texas--(BUSINESS WIRE)-- SkyWater Technology (Nasdaq: SKYT), the trusted technology realization partner, today announced that it
About this update from Skywater Technology, Inc.
[{"type":"text","content":" BLOOMINGTON, Minn. & AUSTIN, Texas--(BUSINESS WIRE)--\nSkyWater Technology (Nasdaq: SKYT), the trusted technology realization partner, today announced that it expects to complete its previously announced acquisition of Fab 25 on June 30, 2025. The company also confirmed that all required regulatory approvals have now been obtained.\n\n\nThe acquisition is expected to enhance SkyWater’s capabilities in foundational semiconductor manufacturing and strengthen its strategic position within North America’s semiconductor ecosystem. The closing remains subject to customary conditions. SkyWater will share further information once the transaction is completed.\n\n\nAbout SkyWater\n\n\nSkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, high-volume production and heterogeneous integration solutions in its U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, rad-hard ICs, MEMS, superconducting ICs, photonics and advanced packaging. SkyWater serves critical domestic markets including aerospace & defense, automotive, biomedical, industrial and quantum computing. For more information, visit: www.skywatertechnology.com.\n\n\nSkyWater Technology Forward-Looking Statements\n\n\nThis press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on SkyWater’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause SkyWater’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause SkyWater’s actual results to be different than expected or anticipated include, but are not limited to, ability to satisfy certain conditions to the proposed Fab 25 transaction on the anticipated timeframe or at all; ability to realize the expected benefits of the proposed Fab 25...