SkyWater Technology (NASDAQ: SKYT) hosted U.S. Senator Amy Klobuchar and Representative Dean Phillips on June 1, 2021 for a facility tour and press conference to review challenges and opportunities for increasing domestic capabilities and capacities for microelectronics and related technologies. Loren Unterseher, Managing Partner of Oxbow Industries was in attendance.

StarTribune: “The U.S. government should make a sizable investment in the semiconductor industry because the nation can’t afford to fall behind China in producing chips, two Minnesotans in Congress said Tuesday in a visit to the state’s largest chipmaking plant.”

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SkyWater was formed by Oxbow Industries, a St. Louis Park private equity firm, in 2017 when it purchased the Bloomington chip plant from Cypress Semiconductor. SkyWater designs, manufactures and builds to scale semiconductor wafer-based technologies for the consumer, industrial, military and automotive applications.

StarTribune: “We came in and saved the jobs and we added even more, which was very meaningful,” said Loren Unterseher, Managing Partner of Oxbow and a director at SkyWater.”

About SkyWater Technology

SkyWater Technology (NASDAQ: SKYT) is a U.S.-owned and U.S.-based pure-play semiconductor foundry and is a DOD-accredited Trusted supplier, specializing in custom technology development services, volume manufacturing, and advanced packaging capabilities. Through its Technology Foundry model, SkyWater’s world-class operations in Bloomington, Minnesota and Kissimmee, Florida provide unique processing capabilities to enable quality production and advanced packaging for mixed-signal CMOS, power, rad-hard and ROIC solutions. SkyWater’s Advanced Technology Services empower development of superconducting and 3D ICs, along with carbon nanotube, photonic and MEMS devices. The company serves customers in growing markets such as aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. Please visit for more information.