# 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.

- Type: Acquisition
- Announced: 2017-03-01
- Where: Bloomington, Minnesota, United States
- Value: $30.0M
- Status: completed
- Products: semiconductor wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Cypress Semiconductor](https://endata.com/companies/22566.md) (target)
- [SkyWater Technology Foundry](https://endata.com/companies/22567.md) (acquirer)
- [Oxbow Industries](https://endata.com/companies/22568.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/cypress-closes-sale-of-minnesota-wafer-fabrication-facility-300416287.html), 2017-03-01: "This transaction demonstrates our commitment to reshape Cypress and improve gross margin, in line with our long-term financial model."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.