During the after-hours trading session, SkyWater Technology, Inc.’s (NASDAQ: SKYT) share price had a significant boost, jumping 22.44% to $10.86. The rise came after the completion of a major strategic acquisition—Infineon’s U.S.-based semiconductor manufacturing plant, Fab 25 in Austin, Texas—and the announcement of second-quarter financial results that exceeded projections.
The Acquisition Of Fab 25 Will Result In Significant Revenue Growth.
SkyWater has achieved a significant milestone with the acquisition of Fab 25, which is fully financed by a flexible senior secured revolving credit facility that may borrow up to $350 million. Beginning in Q3, SkyWater anticipates that Fab 25 will be accretive to both adjusted EBITDA and free cash flow, and it will generate at least $300 million in sales annually.
With $73 million in cash and an extra $20 million for working capital, the total transaction price came to about $93 million. This is an updated transaction structure that increases the upfront payment by $18 million and eliminates a $25 million payment linked to a supply agreement.
Strategic Supply Agreement and US Semiconductor Push
With an estimated multi-year supply agreement valued at more than $1 billion, Fab 25 offers the scalability and process flexibility required to meet the core needs of the semiconductor industry. In addition to supporting national objectives for safe, onshore semiconductor manufacturing, this enhances SkyWater’s standing in America’s industrial and technological resilience.
Extension of Quantum Computing and Advanced Packaging
Beyond Fab 25, SkyWater is advancing in innovative areas such as quantum computing and advanced packaging. In order to create next-generation quantum systems, SKYT is honing its expertise in two fields: chiplet integration and superconducting films.
It is also enhancing infrastructure at its Kissimmee, Florida factory, which is nearing a significant installation of new machinery to support its Advanced Packaging platform, in anticipation of a projected revenue ramp in the second half of 2025. With its expanding capabilities and commitment to semiconductor innovation in the US, SkyWater is well-positioned for substantial growth in 2026 as a result of all of these initiatives.
