Industry executives, academia and local government to share how strategic partnerships can support domestic R&D and manufacturing following passage of CHIPS Act

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announced it is hosting an executive roundtable at Purdue University today to discuss how strategic partnerships in Indiana can fast-track domestic capabilities, strengthen supply chains and foster national security. The roundtable includes participants from various segments of the semiconductor industry, academia and local government and is taking place during the 2022 Semiconductor Week at Purdue. SkyWater is also participating in the Purdue Semiconductor Degree Leadership Board Annual Meeting and the company’s President and CEO Thomas Sonderman is the keynote speaker at the Greater Lafayette Annual Celebration.

Pursuant to the passage of the CHIPS and Science Act and following SkyWater’s announcement of plans to build a $1.8 billion fab at Purdue Research Foundation’s Discovery Park, the company is initiating the development of a comprehensive semiconductor ecosystem in Indiana to support U.S. innovation, manufacturing and workforce development, enabled by public investments.

Purdue is creating an environment focused on microelectronics, including its new Semiconductor Degrees Program (SDP), Birck Nanotechnology Center and secure defense research. SDP is a suite of innovative credentials and degrees that will educate both graduate and undergraduate students, enabling a quick ramp-up of skilled talent and creating the next-generation of semiconductor workforce to reassert U.S. prominence in this critical industry.

“Indiana offers a robust business culture and generations of manufacturing know how. SkyWater is very excited to be part of the emerging Silicon Heartland and to develop an ecosystem in Indiana that accelerates domestic semiconductor innovation and manufacturing,” said Sonderman. “We look forward to partnering with customers, material suppliers, equipment providers, universities and government entities to leverage CHIPS-derived investment that expedites domestic capabilities and generates high tech jobs in the region.”

To find out more about SkyWater’s activities in Indiana, please contact Todd Pedersen, vice president of corporate development at todd.pedersen@skywatertechnology.com.

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Foundry. SkyWater’s Technology as a Service^SM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

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