05:11 PM EDT, 06/30/2025 (MT Newswires) -- SkyWater Technology ( SKYT ) said Monday it has completed its acquisition of Infineon Technologies' 200 mm semiconductor fab in Austin, Texas.

The deal comprises a $73 million payment at close plus an additional about $20 million payment at close for working capital, subject to adjustment, SkyWater ( SKYT ) said.

The company said the deal terms were changed from those announced on Feb. 26 to increase the amount payable at close by $18 million and to cut the $25 million payable at the conclusion of a multiyear supply agreement.

The debt financing for the deal has been provided by Siena Lending, Great Rock Capital, Benefit Street Partners and Ares Credit Group via a five-year revolving credit facility of up to $350 million, the company said.