Skywater Technology Inc. Reports $342M Revenue for Fiscal 2024; Significant Growth Driven by 30% CAGR in ATS Business

Reuters

2025/05/22

Skywater Technology Inc. Reports $342M Revenue for Fiscal 2024; Significant Growth Driven by 30% CAGR in ATS Business

SkyWater Technology Inc. has reported its financial results for fiscal 2024, revealing a revenue of $342 million. This figure highlights the company's position in the semiconductor industry, supported by a notable growth in its Advanced Technology Services $(ATS)$ business, which has achieved a four-year revenue compound annual growth rate $(CAGR)$ of approximately 30%. The company continues to focus on domestic semiconductor trends and next-generation technologies, which are expected to fuel future growth. Additionally, SkyWater Technology announced the acquisition of IFX Fab 25 in February 2025, indicating an expansion in its front-end wafer processing capabilities. The company also highlights significant co-investment in capital expenditure for advanced packaging, projected to exceed $350 million from 2020 to 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skywater Technology Inc. published the original content used to generate this news brief on May 21, 2025, and is solely responsible for the information contained therein.

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Reports $342M Revenue for Fiscal 2024; Significant Growth Driven by 30% CAGR in ATS Business","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Skywater Technology Inc. Reports $342M Revenue for Fiscal 2024; Significant Growth Driven by 30% CAGR in ATS Business\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        SkyWater Technology Inc. has reported its financial results for fiscal 2024, revealing a revenue of $342 million. 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Reports $342M Revenue for Fiscal 2024; Significant Growth Driven by 30% CAGR in ATS Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-22 21:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Skywater Technology Inc. Reports $342M Revenue for Fiscal 2024; Significant Growth Driven by 30% CAGR in ATS Business\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        SkyWater Technology Inc. has reported its financial results for fiscal 2024, revealing a revenue of $342 million. This figure highlights the company's position in the semiconductor industry, supported by a notable growth in its Advanced Technology Services <a href=\"https://laohu8.com/S/ATS\">$(ATS)$</a> business, which has achieved a four-year revenue compound annual growth rate <a href=\"https://laohu8.com/S/CAGR\">$(CAGR)$</a> of approximately 30%. The company continues to focus on domestic semiconductor trends and next-generation technologies, which are expected to fuel future growth. 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Skywater Technology Inc. published the original content used to generate this news brief on May 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SKYT","symbol_name":"SkyWater Technology, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250522:nNDLbhYCp2:1","article_id":"2537694415","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537694415","pubTimestamp":1747921528,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"SkyWater Technology Inc. has reported its financial results for fiscal 2024, revealing a revenue of $342 million. 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The company continues to focus on domestic semiconductor trends and next-generation technologies, which are expected to fuel future growth. Additionally, SkyWater Technology announced the acquisition of IFX Fab 25 in February 2025, indicating an expansion in its front-end wafer processing capabilities. The company also highlights significant co-investment in capital expenditure for advanced packaging, projected to exceed $350 million from 2020 to 2026.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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