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SkyWater to Leverage $36.5M Department of Commerce Grant to the Florida Semiconductor Coalition to Expand its Advanced Packaging Facility Operations in Florida
Grant is part of $50.8M award from the Economic Development Administration’s Build Back Better Regional Challenge to grow Osceola County’s NeoCity as an
About this update from Skywater Technology, Inc.
[{"type":"text","content":"\nGrant is part of $50.8M award from the Economic Development Administration’s Build Back Better Regional Challenge to grow Osceola County’s NeoCity as an innovation center for semiconductor research, design and manufacturing\n\n KISSIMMEE, Fla.--(BUSINESS WIRE)--\nSkyWater Technology(NASDAQ: SKYT), the trusted technology realization partner, today announced that $50.8M has been awarded to Osceola County Board of County Commissioners for building Central Florida’s Semiconductor Cluster for Broad-Based Prosperity, as part of the U.S. Department of Commerce Economic Development Administration’s (EDA’s) Build Back Better Regional Challenge. The Osceola County-led Prosperity Coalition Proposal will build upon the initial success of NeoCity, by investing in infrastructure, workforce development and community reinvestment that leverages new, high-demand production processes to propel Central Florida as a leader for semiconductor research, development and manufacturing.\n\nEDA funds will be allocated among six component projects, two of which include $36.5M in federal funding for enhancements to SkyWater’s advanced packaging operations at the Center for Neovation: expansion and facilitization of the clean room and purchase and installation of tools and machinery. Pursuant to the award, SkyWater will provide a 20% “matching share” of the project costs associated with the facility.\n\nCoalition partners include the Orlando Economic Partnership, the University of Central Florida (UCF), BRIDG, SkyWater, the Florida High Tech Corridor and Valencia College. The Osceola County coalition was one of 21 winners out of over 500 submissions and the only recipient from the semiconductor industry.\n\n“The Biden Administration is committed to increasing domestic semiconductor production, strengthening R&D leadership, and growing a diverse workforce for this critical industry,” said U.S. Secretary of Commerce Gina Raimondo. “This is a transformative investment that will diversify the state’s economy, revitalize the community around an industry of the future, and support the development and manufacture of low-volume, highly customized semiconductor products that are vital to Florida’s aerospace, defense, and medical industries.”\n\n“This Build Back Better Grant will help address the microchip shortage, lower costs and boost local high paying jobs,” sai...