Mission Statement, Vision, & Core Values of SkyWater Technology, Inc. (SKYT)

Ever wondered what drives a company like SkyWater Technology, especially with their impressive $342.3 million in revenue for fiscal year 2024, a 19% increase year-over-year? What principles guide their decisions and shape their culture in the competitive semiconductor industry? Understanding a company's mission, vision, and core values provides valuable insight into its strategic direction and operational ethos.

How do these elements influence their day-to-day activities and long-term goals? Let's delve into the core of SkyWater to uncover the principles that steer this trusted technology realization partner.

SkyWater Technology, Inc. (SKYT) An Overview of

SkyWater Technology, Inc. (SKYT) is a U.S.-based semiconductor manufacturer that specializes in custom technology development and manufacturing services. Founded in 2017, SkyWater has quickly grown into a key player in the industry, offering solutions for various markets, including:

• Aerospace and Defense
• Automotive
• Biomedical
• Industrial
• Strategic

The company operates a 200mm wafer fabrication facility in Bloomington, Minnesota, and a 90nm CMOS production facility in Kissimmee, Florida. These facilities enable SkyWater to provide a wide range of services, from technology co-creation to volume production. As of April 2025, SkyWater continues to expand its capabilities and market reach, driven by increasing demand for its specialized semiconductor solutions.

SkyWater Technology has demonstrated strong financial performance in its latest reporting period. In 2024, the company reported record revenue of $642.3 million, marking a 21.9% increase compared to the previous year. This growth was primarily driven by increased demand for its Advanced Packaging and Technology Services. Notably, revenue from Technology Services reached $251.8 million, up 24.4% year-over-year, while Advanced Packaging revenue soared to $89.2 million, a 34.6% increase. The company's strategic focus on high-growth markets and innovative solutions has positioned it well for continued success.

SkyWater Technology stands out as a leader in the semiconductor industry due to its unique business model and focus on custom solutions. Its commitment to U.S.-based manufacturing and technology innovation has garnered significant attention and support. To delve deeper into the company’s financial standing, explore Breaking Down SkyWater Technology, Inc. (SKYT) Financial Health: Key Insights for Investors.

SkyWater Technology, Inc. (SKYT) Mission Statement

SkyWater Technology's mission statement reflects its dedication to innovation and service within the semiconductor industry. While a direct, publicly available mission statement from SkyWater Technology, Inc. is not found, their approach can be understood through their actions and stated goals. SkyWater focuses on:

• Enabling Innovation: By partnering with clients to bring innovative ideas to life through advanced technology solutions.
• Trusted Technology Partner: Serving as a reliable and secure technology partner for various industries.
• U.S. Based Manufacturing: Strengthening the U.S. economy through domestic semiconductor manufacturing.

These components highlight SkyWater's role in fostering technological advancement, ensuring reliability, and contributing to the growth of the domestic semiconductor industry. You can read more about SkyWater Technology, Inc. (SKYT) Investor Profile: Exploring SkyWater Technology, Inc. (SKYT) Investor Profile: Who’s Buying and Why?

Here's an analysis of the core components of SkyWater's operational mission, based on their activities and strategic direction:

Driving Innovation Through Technology

SkyWater's commitment to driving innovation is evident in its collaborations and technological offerings. They work closely with clients, including startups, universities, and government entities, to develop and manufacture cutting-edge solutions. For example, SkyWater has partnered with researchers to advance neuromorphic computing, which seeks to create computer systems that mimic the human brain. Additionally, SkyWater supports the development of superconducting computing technologies, which promise significant improvements in processing speed and energy efficiency. These collaborations highlight SkyWater's role in enabling breakthroughs across various fields.

Serving as a Trusted Technology Partner

As a trusted technology partner, SkyWater prioritizes reliability and security in its services. They cater to industries with stringent requirements, such as aerospace, defense, and medical devices, where dependability is critical. SkyWater's secure manufacturing processes and adherence to industry standards ensure that clients can rely on their technology solutions. This emphasis on trust and security has allowed SkyWater to establish long-term relationships with key customers, fostering mutual growth and success.

Strengthening U.S. Based Manufacturing

SkyWater is dedicated to strengthening the U.S. economy through its domestic semiconductor manufacturing. With its headquarters and primary manufacturing facilities located in the United States, SkyWater contributes to job creation and technological independence. In 2024, SkyWater announced plans to expand its production capacity, investing millions of dollars in new equipment and infrastructure. This expansion aims to address the growing demand for domestically produced semiconductors and reduce reliance on foreign sources. By prioritizing U.S.-based manufacturing, SkyWater supports national security and economic prosperity.

SkyWater Technology, Inc. (SKYT) Vision Statement of

SkyWater Technology, Inc. (SKYT) operates as a U.S.-based technology foundry, providing semiconductor development and manufacturing services. Understanding its mission, vision, and core values provides insight into the company's strategic direction and operational philosophy. As of April 2025, it's essential to examine these elements to grasp SkyWater's focus and goals. For more in-depth insights into SkyWater Technology, Inc., explore: SkyWater Technology, Inc. (SKYT): History, Ownership, Mission, How It Works & Makes Money

Mission Statement

SkyWater's mission is centered on revitalizing U.S. semiconductor manufacturing. While a specific, formally declared mission statement may not be explicitly available in recent search results, the company's actions and public statements consistently emphasize its commitment to:

• Enhancing domestic semiconductor capabilities.
• Supporting innovation in advanced manufacturing.
• Providing trusted and secure technology solutions for both commercial and government clients.

This commitment is reflected in their partnerships, investments in research and development, and focus on specialized manufacturing processes.

Vision

SkyWater Technology envisions a future where the U.S. leads in semiconductor innovation and production. Key aspects of this vision include:

• Technological Advancement: SkyWater aims to be at the forefront of developing and implementing advanced semiconductor technologies. This includes investing in research and development to create innovative solutions for its customers.
• Strategic Partnerships: Collaborating with government entities, research institutions, and commercial enterprises to foster a robust semiconductor ecosystem in the U.S.
• Trusted Foundry Services: Providing secure and reliable manufacturing services, particularly for sensitive applications in defense, aerospace, and healthcare.

SkyWater’s vision aligns with the broader national interest in securing the semiconductor supply chain and reducing reliance on foreign manufacturers. In 2024, SkyWater emphasized its role in enabling technologies for quantum computing, advanced packaging, and heterogeneous integration, showcasing its commitment to future-oriented innovation.

Core Values

While specific documented core values might not be readily available, SkyWater's operational practices and public statements suggest several key values that drive the company:

• Innovation: A commitment to continuous improvement and the development of cutting-edge technologies.
• Integrity: Maintaining the highest standards of ethical conduct and trustworthiness, particularly important in serving government and defense clients.
• Collaboration: Working closely with partners and customers to achieve mutual success and build a strong semiconductor ecosystem.
• Excellence: Striving for superior quality and performance in all aspects of its operations, from research and development to manufacturing and customer service.

These values are evident in SkyWater's approach to building long-term relationships with its clients and investing in the skills and capabilities of its workforce. For example, SkyWater’s engagement with the Department of Defense, including a $170 million award announced in 2020 to enhance domestic production capabilities, underscores its commitment to these values.

SkyWater Technology, Inc. (SKYT) Core Values of

While a specific, publicly documented list of core values for SkyWater Technology as of April 2025 is not readily available, we can infer key values from their publicly stated goals, actions, and focus areas. These inferred values reflect SkyWater's operational priorities and strategic direction.

Here are some inferred core values of SkyWater Technology, supported by their actions and publicly available information:

Innovation and Technology Leadership:

SkyWater's commitment to innovation is evident in its focus on developing and providing advanced technology solutions. This includes:

• Investing in research and development to enhance its technology offerings.
• Collaborating with universities and research institutions to drive innovation in semiconductor manufacturing.
• Focusing on technologies like advanced packaging, photonics, and rad-hard electronics.

For example, SkyWater has been working on projects related to silicon photonics, which aims to integrate optical functions into silicon chips. Such initiatives demonstrate a commitment to staying at the forefront of technological advancements.

Customer Focus and Partnership:

SkyWater emphasizes strong relationships with its customers, viewing them as partners. Evidences of this focus are:

• Providing customized solutions to meet specific customer needs.
• Offering Technology as a Service (TaaS) model to enable customers to innovate without significant capital investment.
• Collaborating closely with customers throughout the design and manufacturing process.

SkyWater's engagements often involve close collaboration with clients to tailor manufacturing processes, ensuring that the final product aligns precisely with the client's specifications. This collaborative approach underlines a strong customer-centric value.

Quality and Reliability:

Given the critical applications of the semiconductors they produce (including aerospace and defense), quality and reliability are paramount. SkyWater demonstrates this through:

• Adhering to stringent quality control processes and standards.
• Investing in state-of-the-art manufacturing equipment to ensure precision and consistency.
• Implementing robust testing and validation procedures.

SkyWater serves industries where device reliability is critical, such as aerospace and defense. The company’s dedication to high standards and rigorous testing reflects a commitment to quality and reliability in its products.

Agility and Flexibility:

In the fast-paced semiconductor industry, agility and flexibility are crucial. SkyWater showcases these traits by:

• Adapting quickly to changing market demands and customer requirements.
• Offering flexible manufacturing options to accommodate different production volumes.
• Streamlining processes to reduce lead times and improve responsiveness.

SkyWater's TaaS model is an example of how they provide flexible options to customers, allowing them to scale their operations as needed without being locked into rigid contracts. This adaptability is a key component of their operational strategy.

Security and Trust:

With the increasing importance of secure supply chains, particularly for government and defense applications, security and trust are essential. SkyWater emphasizes these through:

• Maintaining secure manufacturing facilities and processes.
• Complying with strict government regulations and security protocols.
• Ensuring the integrity and confidentiality of customer data and intellectual property.

SkyWater is a trusted supplier to the U.S. Department of Defense, providing secure and reliable semiconductor manufacturing services. This relationship underscores their commitment to security and trust in handling sensitive projects.

These inferred values provide a holistic view of SkyWater Technology's guiding principles and operational focus. For more insights into SkyWater's background, you can explore this resource: SkyWater Technology, Inc. (SKYT): History, Ownership, Mission, How It Works & Makes Money