Aug. 4 at 6:49 PM
$SKYT Thanks for the kind words, and sorry for taking so long to respond. Regarding your good questions:
1. I haven't tried to model revenues based on % fab utilization due to a lack of data (except for 2021 when 10K mentioned 87% fab utilization). Per Q1-24 CC, CEO noted:
"So again, we don't quote utilization at SkyWater, but we have talked about in the past our target utilization. We tend to want to run it at a target utilization to drive our ATS business. We're running at the minimum levels of utilization for Wafer Services. That's obviously tied to the macro environment we're in. And as we've talked before, we're using this as an opportunity to accelerate our ATS programs."
So, excess WS capacity exists but we can't quantify it. Also, allocation of fab capacity to ATS vs WS is unknown.
2. Regarding reshoring, I think of this as more of an aspiration than a reality at present. Tariff situation is still ill-defined, and it takes time for new customers to run their qualifications.
