虽然学术实验室此前也曾制造过实验性的3D芯片，但这是此类芯片首次展现出明显的性能提升，并 在商业代工厂实现量产。"这开启了芯片生产和创新的新时代，"斯坦福大学电气工程系威廉·E·艾尔 讲席教授兼计算机科学教授苏巴希什·米特拉（Subhasish Mitra）说道。他是描述该芯片的一篇新论 文的主要研究者，该论文在12月6日至10日于旧金山举行的第71届IEEE国际电子器件年会（IEDM 2025）上发表。"正是像这样的突破，才能让我们实现未来人工智能系统所需的1000倍硬件性能提 升。" 平面芯片面临的挑战 像 ChatGPT 和 Claude 这样的现代人工智能模型必须在存储信息的内存和处理信息的计算单元之间 来回传输海量数据。 在传统的二维芯片上，各个组件排列在一个扁平的表面上，内存有限且分布分散，因此数据必须沿着 几条漫长而拥挤的路径传输。由于计算单元的运行速度远超数据传输速度，而且芯片无法在附近存储 足够的内存，系统最终会不断地等待信息。工程师们将这种瓶颈称为"内存墙"，即处理速度超过芯片 数据传输能力的临界点。 公众号记得加星标⭐️，第一时间看推送不会错过。 一个协作团队在美国晶圆代工厂制造出了第一 ...

Dec 1, 2025 7:05 AM Eastern Standard Time SkyWater Technology Announces Participation in 14 Annual NYC Summit Share BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the largest U.S.- based, pure-play semiconductor foundry, today announced that it will be joining 14 other companies in collectively hosting the 14 Annual NYC Summit investor conference, being held Tuesday, December 16, 2025, at Mastro's Steakhouse New York. The investor presentation material utilized during the NYC Summi ...

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Core Insights - SkyWater Technology and Silicon Quantum Computing (SQC) have announced a collaboration to advance hybrid quantum-classical computing, aiming to commercialize this technology by integrating quantum and classical components [1][2][3] Company Overview - SkyWater Technology is the largest exclusively U.S.-based, pure-play semiconductor foundry, focusing on secure manufacturing and packaging capabilities for high-performance computing [1][4] - SQC is a leading company in quantum computing, utilizing atomically engineered quantum processors to achieve high fidelities in quantum algorithms [6] Collaboration Details - The partnership will leverage SQC's precision in quantum device engineering and SkyWater's manufacturing capabilities to create a "future compute stack" where quantum processors work alongside classical processors [1][3] - SkyWater's Technology-as-a-Service model will facilitate the integration of quantum and classical components, reinforcing its role as a trusted enabler of next-generation technologies [2][3] Technological Advancements - The collaboration aims to develop hybrid systems that require precise manufacturing, secure packaging, and high-bandwidth connections to effectively integrate quantum and classical components [3] - SQC will provide its atomically-engineered quantum processing units (QPUs), while SkyWater will supply superconducting resonators and tailored silicon wafers [3]

Financial Performance - Revenue for the third quarter of 2025 was $150.7 million, a 61% increase from $93.8 million in the third quarter of 2024[154] - Gross profit for the third quarter of 2025 was $36.2 million, representing a 79% increase from $20.2 million in the same period last year[153] - Operating income increased by 67% to $7.9 million in the third quarter of 2025, compared to $4.7 million in the third quarter of 2024[153] - Net income attributable to SkyWater Technology increased by $142.5 million in Q3 2025 compared to Q3 2024, driven by the impacts of the aforementioned changes[169] - Net income increased to $26.5 million in the third quarter of 2025, up from $2.6 million in the same quarter of 2024, representing a 1,019% increase[197] - For the first nine months of 2025, net income rose to $11.4 million from a net loss of $3.0 million in the same period of 2024, marking a 484% increase[197] - Adjusted EBITDA increased by $14.8 million or 135% in Q3 2025 compared to Q3 2024, supported by expansion in the advanced compute end market and the addition of Fab 25[170] - Adjusted EBITDA for the three-month period ended September 28, 2025, was $25.8 million, compared to $11.0 million for the same period in 2024[243] Acquisition and Investments - The acquisition of Fab 25 was completed on June 30, 2025, for a total purchase consideration of $206.5 million, enhancing SkyWater's semiconductor manufacturing capabilities[150] - SkyWater Texas wafer services revenue increased by $86.6 million due to the Fab 25 acquisition, with $8.6 million attributed to non-cash purchase accounting adjustments[158] - A bargain purchase gain of $110.8 million was recognized in conjunction with the Fab 25 acquisition, reflecting the excess of fair value over purchase consideration[167] - The company incurred transaction and integration costs of $7.1 million related to the acquisition of Fab 25 on June 30, 2025[244] Expenses - Cost of revenue increased by $40.9 million, or 56%, primarily due to the inclusion of Fab 25 operations[160] - Advanced Technology Services (ATS) development revenue decreased by $2.2 million, mainly due to an $8.1 million reduction in revenue from aerospace and defense markets[154] - Research and development expenses rose to $4.4 million, a 27% increase from $3.4 million in the prior year[153] - Selling, general and administrative expense rose by $11.9 million or 98% in Q3 2025 compared to Q3 2024, primarily due to $6.0 million related to the Fab 25 acquisition[164] - Interest expense increased by $3.3 million or 168% in Q3 2025 compared to Q3 2024, mainly due to higher amounts outstanding on the revolving lending facility[166] Tax and Compliance - Income tax expense decreased by $31.9 million in Q3 2025 compared to Q3 2024, resulting from the realization of deferred tax assets related to the Fab 25 acquisition[168] - The company expects customer-funded capital investment to be a significant driver of future growth[151] - The company was in compliance with the covenants of the Amended Loan Agreement and expects to maintain compliance over the next twelve months[221] Cash Flow and Liquidity - Cash and cash equivalents increased to $30.9 million as of September 28, 2025, from $18.8 million as of December 29, 2024[210] - Net cash provided by operating activities was $7.1 million during the first nine months of 2025, a decrease of $12.6 million from $19.7 million in the same period of 2024[211] - Net cash used in investing activities was $107.0 million during the first nine months of 2025, compared to $9.2 million in the same period of 2024, primarily due to the acquisition of Fab 25[212] - The outstanding balance of the Revolver was $155.0 million, with remaining availability of $65 million as of September 28, 2025[217] - The company maintains a liquidity requirement of at least $70 million following certain transactions[220] Financing and Risk - The VIE Financing amounts to $39 million with a fixed interest rate of 3.44%, repayable in equal monthly installments of $0.2 million over 10 years[223] - The VIE Financing is secured by a security interest in the land and building of the SkyWater Minnesota facility[225] - Market risk exposure is primarily related to potential changes in the fair value of debt due to fluctuations in market interest rates[246] - Credit risk is associated with cash and cash equivalents, accounts receivable, and contract assets, with no losses experienced in maintained accounts[247] - As of September 28, 2025, the outstanding balance of the Revolver was $155.0 million at a variable interest rate of 8.6%[248] - A 100 basis point increase in the interest rate would result in an annual increase of $1.6 million in interest expense based on the outstanding balance of the Revolver[248] Regulatory and Reporting - The CHIPS Act provides $52.7 billion for American semiconductor research and development, with SkyWater applying for funding to modernize its Minnesota facility[151] - The company qualifies as an "emerging growth company" and a "smaller reporting company," allowing it to take advantage of certain reporting exemptions[229] - The net income attributable to noncontrolling interests from the variable interest entity (VIE) is included in the adjusted EBITDA financial measure[245] - The preliminary bargain purchase gain from the acquisition of Fab 25 on June 30, 2025, is recognized, with total consideration paid being less than the fair value of net assets acquired[245]

Core Insights - SkyWater Technology (NASDAQ: SKYT) is currently at a pivotal moment, driven by a significant Fab 25 deal and an influx of quantum computing business [1] Revenue and Gross Performance - The third quarter performance was notably strong, primarily attributed to the aforementioned Fab 25 deal and the surge in quantum computing activities [1]

Core Insights - SkyWater Technology (SKYT) is well positioned to contribute to the U.S. strategic mission of achieving independence in the semiconductor sector [1] Group 1 - The premium service "Value in Corporate Events" covers major earnings events, M&A, IPOs, and other significant corporate events with actionable ideas [1][2] - The service provides coverage of 10 major events a month, focusing on identifying the best investment opportunities [2]

Core Insights - SkyWater Technology and QuamCore have announced a multi-million-dollar collaboration to develop a superconducting fabrication process for QuamCore's SFQ digital controller chip, marking a significant step in quantum computing technology [1][2] - The partnership aims to enable scalable and energy-efficient control for a one-million-qubit superconducting quantum computer, addressing critical bottlenecks in wiring density, heat load, and latency [2][4] Company Overview - SkyWater Technology is the largest U.S.-owned pure-play semiconductor foundry, focusing on advanced manufacturing and supporting next-generation technologies under the CHIPS and Science Act initiatives [1][8] - QuamCore specializes in developing ultra-low-power control electronics for superconducting qubits, aiming to create fault-tolerant, million-qubit quantum systems [7] Technical Collaboration - The collaboration will leverage SkyWater's expertise in superconducting process integration and QuamCore's proprietary SFQ architecture, which operates at 10 mK, the same temperature as the qubits [3][4] - Joint milestones over the next 12–18 months include the fabrication of superconducting test vehicles and demonstration of wafer-scale SFQ control chips [5] Strategic Importance - This partnership enhances SkyWater's role as a quantum-ready U.S. manufacturing partner, facilitating the domestic development of advanced computing technologies [5][6] - The collaboration is expected to significantly reduce power consumption by up to nine orders of magnitude compared to conventional CMOS-based control electronics, making large-scale quantum systems more feasible [4][6]

Core Insights - SkyWater Technology and QuamCore have announced a collaboration to develop a digital superconducting controller aimed at scalable quantum computing, involving a multi-million-dollar contract [1][2][3] - The partnership combines SkyWater's U.S.-based manufacturing capabilities with QuamCore's SFQ-based control architecture, targeting the development of a 1-million-qubit superconducting quantum computer [2][5] - The collaboration is expected to accelerate the transition from prototype to scalable production for QuamCore, leveraging SkyWater's advanced superconducting process expertise [4][5] Company Overview - SkyWater Technology is the largest exclusively U.S.-based, pure-play semiconductor foundry, focusing on advanced manufacturing for emerging technologies like quantum computing [5][7] - QuamCore is a deep-tech startup developing control architectures for fault-tolerant, million-qubit quantum systems, utilizing patented superconducting processor designs [8] Technical Details - The collaboration will co-engineer a superconducting fabrication process optimized for integrating SFQ digital control circuits with superconducting qubit arrays, enhancing yield, uniformity, and cryogenic device performance [3][4] - Integrated SFQ control can significantly reduce cabling requirements by up to 1000 times compared to conventional methods, while also achieving lower power dissipation [6]

Core Insights - SkyWater Technology, Inc. reported quarterly earnings of $0.24 per share, exceeding the Zacks Consensus Estimate of a loss of $0.17 per share, and showing an increase from earnings of $0.08 per share a year ago, resulting in an earnings surprise of +241.18% [1] - The company achieved revenues of $150.74 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 11.25% and increasing from $93.82 million year-over-year [2] - SkyWater Technology has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is -$0.10 on revenues of $161.5 million, and for the current fiscal year, it is -$0.45 on revenues of $417.35 million [7] Industry Context - The Electronics - Semiconductors industry, to which SkyWater Technology belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact SkyWater's stock performance [5][6]