Osceola County News Brief - Osceola County Welcomes SkyWater Technology to NeoCity
SkyWater Technology â€“ the only U.S.-owned and U.S.-based pure play semiconductor foundry â€“ is coming to NeoCity in an agreement approved by the Osceola County Commission and company officials.
SkyWater, which specializes in development and manufacturing of integrated circuits, will take over operation of the Center of NeoVation from the University of Central Florida. UCF is surrendering its obligations and investment under the existing lease agreement. BRIDG will remain as a non-profit partner to attract industry collaboration, while also fulfilling, and building upon, existing Department of Defense contracts.
The SkyWater contract strengthens current partnerships in NeoCity, including imec, TEL, Siemens and SUSS. Commissioners expect Skywater, based in Bloomington, Minn., to build on those relationships and to expand upon them â€“ including fulfillment of ongoing contracts with the Department of Defense.
SkyWater will also move into the OC office building and bring with them high tech jobs including technicians, equipment engineers, and process engineers. Former BRIDG employees will have the opportunity to be interviewed for available positions with SkyWater, officials said.
â€śWe are thrilled with SkyWaterâ€™s understanding of NeoCityâ€™s goals to transform our economy with high-paying technology jobs. They have the specific expertise to advance the Countyâ€™s objectives. We believe they have the capabilities to maximize our investment and continue the ground-breaking work BRIDG laid the foundation for over the last several years,â€ť said Osceola Commission Chairman Brandon Arrington. â€śMy thanks go out to the team that was able to bring this deal to a successful conclusion so quickly. We look forward to an exciting future with SkyWater as our vision for NeoCity continues forward.â€ť
The agreement will run through October 2044. Shared goals of the partnership include:
â€˘ Operating the Center of NeoVation to its full potential
â€˘ The resumption of BRIDG as a non-profit
â€˘ The investment of millions of dollars into NeoCity
â€˘ Applying for the proposed new Federal Advanced Packaging National Manufacturing Institute
â€˘ Creation of an estimated 220 jobs at the Center for NeoVation in the next five years
â€śAdvanced packaging will fuel future growth of our industry and we are pleased that Congress recognizes the importance of investment in this area. We have seen a growing demand from our customers for these services and we view this partnership with Osceola County and BRIDG as a valuable opportunity to provide them with a total solution from design to manufacturing to packaging in a trusted, secure environment,â€ť said Thomas Sonderman, SkyWater chief executive officer. â€śWe look forward to re-starting operations at the Center for Neovation over the next six months to drive both commercial and U.S. government programs.â€ť
The U.S. Congress recently approved the National Defense Authorization Act of 2021 (NDAA) that many hope will lead to a resurgence in chip manufacturing in the United States. The provisions include billions of dollars of financial incentives for construction or modernization of facilities â€śrelating to the fabrication, assembly, testing, advanced packaging, or advanced research and development of semiconductors.â€ť The Center for NeoVation is poised to capitalize on this focus.
Watch this video for a front-row seat to the official signing ceremony, as well as comments from the Chairman Brandon Arrington and Brad Ferguson, SkyWater Technology's Chief Technology Officer.