Minnesota-based SkyWater Technology (Nasdaq: SKYT), a semiconductor manufacturer, is scheduled to make an announcement Wednesday at Purdue University regarding a strategic partnership. No further details were shared, however, Governor Eric Holcomb, Indiana Secretary of Commerce Brad Chambers, and Purdue University President Mitch Daniels will join executives from SkyWater to make the announcement.
Last July, Skywater executives met with Holcomb to discuss opportunities in Indiana to support increased domestic semiconductor manufacturing.
The tech company announced plans in November to open research space at the WestGate@Crane Technology Park in Odon. The company is a U.S. Department of Defense-accredited supplier, which prompted it to open a facility near the Naval Surface Warfare Center, Crane Division.
According to our partners at the Indianapolis Business Journal, SkyWater President and Chief Executive Officer Thomas Sonderman attended the Global Economic Summit held in Indianapolis this past May.
Sonderman said the company viewed Indiana as taking big steps to expand its commitment to the microchip space, both in terms of educational commitments and by offering incentives for would-be manufacturers.
“I think Indiana has done a great job of removing a lot of the uncertainty, which makes it easier to make decisions when you want to move fast,” said Sonderman. “And that’s the one thing that I think everyone’s making clear is, we have to move fast [on semiconductors].
During the summit, the state announced the creation of the Accelerating Microelectronics Production & Development task force, which is intended to strengthen Indiana’s role in semiconductor manufacturing through procurement of new projects and federal funding.
We’ll have more on the announcement in Wednesday’s INside Edge newsletter.