Cypress Semiconductor sells Bloomington wafer fab to SkyWater Technology for $30M

Cypress Semiconductor Corp. sold the subsidiary that owns its semiconductor wafer fabrication facility in Bloomington, Minnesota, to SkyWater Technology Foundry for $30 million. SkyWater will operate the fab as a standalone business.

“This transaction demonstrates our commitment to reshape Cypress and improve gross margin, in line with our long-term financial model.”prnewswire.com

• 1 source
• prnewswire.comCypress Closes Sale of Minnesota Wafer Fabrication FacilityCypress Semiconductor Corp.Mar 1, 2017

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