SkyWater Technology (SKYT) said Friday it signed a preliminary memorandum of terms for up to $16 million in funding from the US Department of Commerce CHIPS for America program
The financing would provide federal incentives to improve production capabilities at SkyWater's Minnesota facility for the aerospace, defense, biomedical, industrial, thermal imaging, and quantum computing markets, the semiconductor company said.
The company said the proposed $16 million CHIPS award will be combined with $19 million from the State of Minnesota's Forward Fund as well as customer-funded co-investments of $320 million through 2026.
The company said it plans to use the funds, along with tax credits, to increase its U.S.-based 200 millimeter semiconductor technology development and production capacity by 30%, to modernize its facility, speed technology development, and accelerate time to market for customers.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。