Minnesota chip maker gets up to $170 mln from U.S. Defense Dept [Reuters]
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Source: Reuters
Minnesota chip maker gets up to $170 mln from U.S. Defense Dept - Reuters 2 Min Read Oct 21 (Reuters) - Semiconductor maker SkyWater Technology said on Monday it will receive up to $170 million from the U.S. Department of Defense to make chips that can work in outer space, and create smaller, faster ones with new materials. The Bloomington, Minnesota-based company was spun off from Cypress Semiconductor Corp in 2017 to a group of U.S.-based investors. That year, SkyWater became part of a Defense Department program to ensure U.S. military access to the domestic chip supply chain. SkyWater executives said the Defense Department investment will allow it to add about 60,000 square feet of production space and 30-50 mostly high-end engineers to its staff of 500. The $80 million first phase of the project will help SkyWater make chips that work when exposed to high levels of radiation in spacecraft and medical devices. The U.S. military also uses such chips to ensure electronics will remain
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