SkyWater Technology, Inc..
SKYT.US | Manufacture of electronic components and boards
SkyWater Technology, Inc. is a U.S.-based semiconductor manufacturer and technology foundry. They specialize in providing custom design and manufacturing services for integrated circuits (ICs) and advanced packaging solutions. SkyWater caters to a diverse range of industries, including aerospace and...Show More
Better Health for All
0
No specific, concrete data points were found in the provided articles to assess SkyWater Technology, Inc. against any of the 'Better Health for All' KPIs.
1
All articles explicitly state a lack of relevant information for the requested metrics, indicating no evidence is available for scoring.
2
Fair Money & Economic Opportunity
0
No evidence available to assess SkyWater Technology, Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
0
No evidence available to assess SkyWater Technology, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
0
No specific quantitative data was provided in the articles for any of the KPIs related to Fair Trade & Ethical Sourcing. Information regarding fair-trade certification share, audit frequency, forced/child labor incidents, traceability coverage, remediation speed, ethical clause coverage, materials risk index, or supplier diversity spend was not found.
1
While SkyWater Technology states it is working to develop a more inclusive base of suppliers, giving preference to diverse businesses, and provides a Supplier Code of Conduct, no percentage of procurement budget directed to diverse suppliers or contractual coverage of ethical clauses was specified.
2
Honest & Fair Business
-40
SkyWater Technology incurred a regulatory fine of $97,130 for environmental compliance violations, including exceeding greenhouse gas emission limits and failing to comply with federal semiconductor regulations.
1
The company's Audit Committee oversees procedures for receiving and treating confidential, anonymous whistleblower complaints, but there is no evidence of independent investigation processes.
2
The Risk Management Committee oversees legal, regulatory, and compliance risks, including anti-bribery and corruption, and the company has a Code of Business Conduct and Ethics.
3
However, there is no evidence of frequent training or effectiveness metrics for its anti-corruption policy. The Audit Committee Charter requires all members to be independent according to Nasdaq Listing Rules and SEC Rule 10A-3, and at least one member must be an audit committee financial expert.
4
The charter also addresses related person transactions and potential conflicts of interest.
5
Kind to Animals
50
SkyWater Technology, Inc. has a stated policy of "No Animal Exploitation."
1
Given the company's core business as a semiconductor manufacturer, which inherently does not involve animal testing, this policy effectively constitutes a global ban on all animal testing across every product category. This aligns with the highest tier for this KPI, as it indicates a complete absence of animal exploitation in its operations.
No War, No Weapons
0
Insufficient evidence to determine a value score for SkyWater Technology, Inc. regarding No War, No Weapons. No articles or relevant information found. A neutral score of 0 is assigned.
Materiality Analysis: Company Summary (75-100 words): SkyWater Technology is a US-based pure-play semiconductor foundry providing development, manufacturing, and packaging services. They co-create technologies with customers, manufacturing silicon-based analog, mixed-signal, MEMS, and rad-hard integrated circuits. SkyWater serves advanced computation, aerospace and defense, automotive, bio-health, and industrial sectors. Given their role as a foundry, they do not design end products but manufacture components based on customer specifications, which introduces complexity regarding the "No War, No Weapons" value.
Peer Comparison (50-75 words): Compared to other foundries like TSMC or GlobalFoundries, SkyWater's explicit focus on aerospace and defense suggests a potentially higher involvement in manufacturing components that could be used in weapons systems. However, without specific revenue breakdowns, it's difficult to definitively place them above or below industry standard.
Materiality Assessment (1-2 clear sentences): SkyWater's business model is fundamentally neutral to slightly in conflict with the "No War, No Weapons" value, with medium materiality, due to its role as a foundry serving the aerospace and defense sectors, which inherently involves some risk of contributing to weapons manufacturing.
Detailed Rationale (150-200 words): As a foundry, SkyWater manufactures components based on designs provided by its customers. While they may not directly produce weapons, their services are utilized by companies in the aerospace and defense industries, increasing the likelihood that their products will be incorporated into military applications. The extent of this involvement is difficult to ascertain without detailed revenue breakdowns from defense contracts. SkyWater's focus on rad-hard integrated circuits, often used in military and space applications, further reinforces this concern. While SkyWater may not have explicit policies against manufacturing components for military use, the nature of their customer base creates an indirect link to the defense industry. The company's role in the supply chain means they have limited control over the final application of their products, but their choice of target industries makes complete neutrality challenging.
Value Interaction Notes (if applicable, 25-50 words): SkyWater's involvement in aerospace and defense may conflict with "No War, No Weapons" but could potentially align with "Safe & Smart Tech" if their technology contributes to defensive or non-offensive applications.
Scoring Boundary Flags (if applicable, 25-50 words): Scores above 6 would be illogical given SkyWater's business model and customer base. A score of 1 would also be inappropriate, as they are not directly manufacturing weapons themselves.
Planet-Friendly Business
-70
SkyWater Technology has committed to a Net Zero emissions target by 2050 as a founding member of the Semiconductor Climate Consortium (SCC), but the company has not explicitly stated that these targets are SBTi-validated.
1
The company was fined $97,130 for multiple environmental compliance violations, including operating without an air permit, exceeding greenhouse gas emission limits in 2011, taking credit for unpermitted control equipment, and failing to comply with federal semiconductor regulations, performance tests, and reporting requirements.
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SkyWater has since taken corrective action and submitted a complete permit application.
3
SkyWater's Minnesota and Texas sites maintain ISO14001 Environmental Management System certifications.
4
Respect for Cultures & Communities
-20
SkyWater Technology has established 6 formal partnerships with local educational institutions, including Valencia Technical College, University of Central Florida, University of South Florida, University of Florida, Hennepin Technical College, and University of Minnesota.
1
These partnerships are focused on workforce development and community engagement in Florida and Minnesota.
2
Safe & Smart Tech
10
The company holds numerous certifications across its facilities, including ISO9001, AS9100, IATF16949, ISO13485, ISO14001, ISO14004, ISO45001, and Trusted Accreditation (DMEA-accredited Category 1A Trusted Foundry).
1
Its enterprise security program is based on ISO and NIST standards, and the IT team has knowledge of the NIST cybersecurity framework, CMMC, and ISO 27001.
2
The company conducts regular workforce training to instruct employees to identify cybersecurity concerns.
3
It engages a third-party service provider to perform annual internal and external penetration testing under NIST SP 800-171 requirements and is periodically audited by an independent information systems expert.
4
The company is a DMEA-accredited Trusted supplier (Category 1A Trusted Foundry) and uses ETQ Reliance, which supports the GovCloud security standard, to reduce the risk of non-compliance by 51%.
5
Zero Waste & Sustainable Products
0
No specific, concrete data points were provided in the articles for any of the KPIs related to Zero Waste & Sustainable Products. The articles primarily focused on air permit violations and a general environmental health and safety policy, without offering quantitative evidence on waste diversion, product recyclability, packaging sustainability, recycled content, waste reduction initiatives, or other relevant metrics.
1
A 'Net Zero emissions by 2050' target was mentioned, but this pertains to greenhouse gas emissions, not waste reduction.
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