other material
confidence high
sentiment positive
materiality 0.70
SkyWater enters into 4-year wafer manufacturing frame agreement with Infineon
SkyWater Technology, Inc
- Initial four-year term, auto-renews annually; either party may terminate with 18 months notice.
- No firm or minimum volume purchase commitments from Infineon under the agreement.
- Infineon represented approximately 29% of SkyWater's revenue for fiscal year ended Jan 3, 2021.
- Agreement covers general terms for wafer production and foundry services; specific pricing in separate individual agreements.