SkyWater Technology shares rise 21.53% premarket after reporting strong Q2 results and completing Infineon's Fab 25 acquisition.

SkyWater Technology, Inc. rose 21.53% in premarket trading, driven by the company's announcement of its second-quarter 2025 financial results, which exceeded expectations. The company also completed the acquisition of Infineon's U.S. fab (Fab 25) in Austin, Texas, which is expected to contribute at least $300 million in annual revenue. Additionally, SkyWater Technology reported that it has signed a license deal for ASIC design IP with Infineon, further expanding its leadership in U.S. semiconductor manufacturing.