SkyWater Technology Announces Plans to Pursue Federal Funding for Domestic Chip Manufacturing

Minnesota-based SkyWater Technology has announced their plans to pursue financing from a federal program to promote domestic chip manufacturing under a public-private partnership with Purdue University and the state of Indiana. The proposed project, valued at $1.8 billion, would include research and development capabilities and semiconductor production operations.

SkyWater has built a Technology as a Service model to streamline their customer’s various production paths including development services, volume production and heterogeneous integration solutions. With this model in place, innovators are able to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers.

The newly proposed factory would complement the company’s existing facilities in Minnesota and Florida. The co-investment model meant to support it would ensure federal resources go toward advanced technologies, new tools, and scaled production.

The intention for the next-gen fab location is to provide “mass customization” for innovating electronics solutions. Not only will the facility bolster U.S. chip production, it would ensure the security of intellectual property and support a stronger supply chain. Indiana will see more benefits with the creation of 750 new jobs over 5 years. 

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Recent Posts