SkyWater Technology Acquisition, Valuation & Financials

Photronics Inc is a U.S.-based company principally engaged in the manufacturing of photomasks, which are high-precision photographic quartz or glass plates containing microscopic images of electronic circuits. Photomasks are a key element in the manufacture of integrated circuits (ICs) and flat-panel displays (FPDs) and are used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during fabrication, as well as to a lesser extent, other types of electrical and optical components. The Company has manufacturing facilities in Taiwan, China, South Korea, the United States, and Europe, and generates revenue globally, with Taiwan contributing the majority of total revenue.

Scientech Corp is engaged in the research and development, production, sales, and maintenance of process equipment for semiconductors, liquid crystal displays, light-emitting diodes, and solar power generation, wafer reclaim, and general import and export.

Silex Microsystem AB (publ) is a pure-play MEMS foundry. It is a specialized wafer fabrication facility (a fab) equipped with progressive equipment, technology, and processes required to manufacture MEMS. Its customers develop designs and then order MEMS from the company, after which the Company manufactures high-quality and customized MEMS to its customers' specifications.MEMS are used in a broad range of applications in, for example, telecom, consumer, industrial, automotive, medical, defense, and aerospace industries. The group manufactures MEMS for almost every end-use application sector, providing comprehensive solutions for its customers.

Taiwan Surface Mounting Technology Corp is engaged in design, processing, manufacturing and trading of TFT-LCD panels, general electronic information products and PCB surface mount packaging. Its Surface Mounting Technology is widely used for IT and electronic products. The products provided include Control boards for TFT-LCD panels (TV/Desk Top/ Note books), other electronic products and Light bar.

GCS Holdings Inc through its subsidiaries is engaged in the manufacturing of compound semiconductor wafers and foundry-related services as well as the licensing of intellectual property. It is also engaged in the research, development, manufacture, and sales of optoelectronics technology products. Its portfolio offerings include Radio Frequency Integrated Circuits (RFIC) and millimeter-wave integrated circuits for the wireless markets, power devices for power electronics, and Photodetectors and Lasers for the optical communications market. Geographically, the company generates a majority of its revenue from China and the rest from the United States, Taiwan, and other markets.

Nuvoton Technology Corp is engaged mainly in the research, design, development, manufacture, and sale of logic integrated circuits (ICs) and the manufacturing, testing and OEM of 6-inch wafers.

Xanadu Quantum Technologies Inc specializes in designing photonic devices and the platforms around them, including the experimentation and development of quantum computers available on the cloud with supporting software, along with quantum simulators and other related products and offerings.

Unisem (M) Bhd provides semiconductor assembly and test services in Malaysia. Unisem's assembly and test services include wafer bumping, wafer probing, wafer grinding, a range of leadframe and substrate integrated circuits packaging, wafer-level CSP (chip scale packaging), flip chip, and radio frequency, analog, digital, and mixed-signal testing services. Its turnkey services include design, assembly, test, failure analysis, electrical and thermal characterization, warehousing, and drop-ship services. The company has a business presence in the United States of America, which is also its key revenue generating market, Asia, and Europe.

Netlist Inc is involved in the business of designing and manufacturing modular memory subsystems and also cloud service providers. Its products include Storage class memory, nonvolatile memory, enterprise SSD and embedded flash. The company's products are based on its proprietary technologies such as Presight technology, Distributed buffer architecture, IC design, PCB designs, Thermal management designs. Company has consistently driven innovation in the field of cutting-edge enterprise memory and storage, empowering businesses and industries to thrive in the digital age.

Ennostar Inc is engaged in the research and development, design, manufacturing, and sales of EPI wafers and chips of A1GaInP, AlGaAs, and InGaN, and light-emitting diode packages and modules. The company manufactures LED lighting, LED backlighting, LED displays, LED for mobile applications, LED for automotive applications, and LED for surveillance, among other products.

Txc Corp is engaged in producing high quality crystals and crystal oscillator (CXO) as well as develops a variety of sensors by core technology to satisfy the market demand. Sensors are applied to various applications including mobile communication, information and storage device, internet of things, vehicle electronics, telecommunication equipment, smart home, AI, medical care, and 5G, etc. It has two operating segments: Crystal segment and Real estate development segment.

Malaysian Pacific Industries Bhd is an investment holding company. The company along with its subsidiaries is engaged in manufacturing, assembling, testing, and sale of integrated circuits, semiconductor devices, electronic components, and lead frames. The group's geographical segments include Asia, USA, and Europe. It derives a majority of its revenue from Asia.

Supreme Electronics Co Ltd is engaged in the import and export dealership of a variety of electronic products and components. It manufactures and sells electronic components to computer manufacturers. The products offered by the group include NAND flash & other memory, DRAM, TFT/LCD, Application Processor, System LSI, and other products, of which key revenue is generated from NAND flash & other memory products. Its geographical segments are Hong Kong & China, Taiwan, the United States, and other countries, of which the majority of the income is generated from Hong Kong & China.

Greatek Electronics Inc is engaged in assembling, packaging, and testing semiconductors. The firm operates in two main segments: assembly services and testing services. Over half of revenue comes from the assembly services segment. The assembly services segment provides lead-frame bases for conductors, produces copper wires, and builds semiconductors through contract agreements. The testing services segment runs experiments and completes final tests of semiconductors. The majority of Greatek's revenue is made in Taiwan.

Silicon Box is a Singapore-headquartered outsourced semiconductor assembly and test provider focused on advanced packaging solutions including fan-out wafer-level and chiplet-based system-in-package technologies. The company handles full-turnkey execution from front-end design through high-volume manufacturing for sectors such as AI accelerators, high-performance computing clusters, electric vehicle powertrains, automotive sensors, power management ICs, mobile SoCs, RF modules, and data center processors. Founded in 2020, Silicon Box operates a 60,000-square-meter facility in the Singapore Science Park and has secured over $300 million in funding from investors like Temasek Holdings and Capital 300 to scale production.

Vital Thin Film Materials is a subsidiary of Pioneer Group based in Nantong, China, specializing in sputtering targets and evaporation materials for vacuum coating applications. It produces high-purity metal, alloy, precious metal, and ceramic forms including discs, granules, and powders for displays, photovoltaics, semiconductors, and optics industries worldwide.

Diamond Foundry is a producer of lab-grown diamonds using chemical vapor deposition in zero-emission foundries located in the United States. It supplies gems for the VRAI jewelry line sold directly to consumers and semiconductor-grade materials for thermal management in electric vehicles, 5G networks, and AI data centers. Founded in 2017 and headquartered in Secaucus, New Jersey, the company scales production to match natural mining volumes without environmental impact.