SkyWater Technology Bloomington foundry
Large load · 2401 E 86TH ST, Bloomington, MN
SkyWater Technology, a Nasdaq-listed foundry, is based in Bloomington, Minnesota, and calls its Bloomington facility its primary operating site. The company reported fiscal 2025 revenue of $442.1 million, with record revenue and 29% year-over-year growth that the company attributes to its June 30, 2025 purchase of the Fab 25 200 mm fab in Austin, Texas, and to quantum computing momentum. In March 2026 the company's chief executive said SkyWater was negotiating a roughly $1.8 billion acquisition by IonQ that would keep the Bloomington-based foundry operating as an independent unit.
Overview
SkyWater's February 25, 2026 results release describes its state-of-the-art facilities in Minnesota, Florida and Texas, and says the company specializes in foundational nodes and advanced packaging. A note to the release's financial tables refers to the land and building of its primary operating facility in Bloomington, Minnesota. The release also reports that Fab 25 results exceeded earlier expectations, with $175.6 million of revenue from the Austin fab in the second half of fiscal 2025.
Profile
- Fab 25 acquisition
- SkyWater completed its acquisition of Infineon's 200 mm fab in Austin, Texas on June 30, 2025. The company said the purchase adds approximately 400,000 wafer starts per year and brings meaningful scale to its exclusively U.S.-based, pure-play foundry operation. About 1,000 Fab 25 employees joined SkyWater, and a long-term supply agreement lets In neon keep a manufacturing footprint in the United States. Trade press had reported the expected closing date ahead of the transaction.
- IonQ deal and headcount
- Hoodline reported in March 2026 that CEO Tom Sonderman described a roughly $1.8 billion acquisition by IonQ in a mid-March letter to employees and stakeholders, and that the Bloomington foundry would continue as an independent unit inside the combined company. SEC filings cited in that report show 1,551 U.S. employees as of December 28, 2025, up from 702 a year earlier, as SkyWater added the Fab 25 workforce to its network. The report also says fiscal 2025 revenue was $442.1 million, with about $175.3 million from Fab 25.
Facility
- Activity
- Foundational-node semiconductor foundry and advanced packaging
- Industry
- Manufacturing
- Site type
- Facility
- Operating status
- Operating
Related records
Timeline
- Jun 30, 2025
- SkyWater completes its purchase of Fab 25 in Austin, Texas, adding about 400,000 wafer starts per year
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- Feb 25, 2026
- SkyWater reports fiscal 2025 results with Bloomington named as its primary operating facility
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