
Semiconductor foundry SkyWater Technology (Bloomington, Minnesota) has announced a deal to buy Infineon’s 200mm wafer fab in Austin, Texas, for US$110 million.
The deal will include a legacy chip supply agreement with Infineon and will increase SkyWater’s significance as a domestic supplier of US foundry services.
The deal includes a transaction price of US$80 million – of which US$55 million will be played at the closing of the deal – plus a payment for working capital estimated to be about US$30 million but subject to adjustment. The remaining US$25 million is being paid in the form of wafer credits. The deal is expected to close within 90 to 120 days and before the end of 3Q25.
The deal is being financed by debt, SkyWater states in its 8K filing.
The fab currently produces up to one billion semiconductor chips per year for automotive, industrial and communications applications.
All of the 1,000 employees working at ‘Fab 25’ will transfer to SkyWater which will operate ‘Fab 25’ on manufacturing process nodes from 130nm down to 65nm. The deal will also bring expanded copper processing scale and high-voltage Bipolar-CMOS-DMOS (BCD) technology to the company.
“This milestone expands our partnership with Infineon and significantly increases our US foundry capacity.We expect it will also enhance supply chain resilience for foundational chips that are critical to sensitive strategic applications, thereby strengthening both national and economic security,” said Thomas Sonderman, CEO of SkyWater, in a statement.
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