Ed Ludlow

Is that an area that you think is going to drive growth?

Oh, for sure, the U.S.

government's a very important partner, and the Department of War, of course, is very important.

Skywater obviously does a lot of work, not only for the quantum industry as a whole, where I would argue they are far and away the leading, if not only, quantum foundry, but Skywater also does work more broadly in classified programs, as does INQ.

And so there's plenty of synergies on that vector alone.

We look forward to doing more for our nation's government, classified and not.

We look forward to doing more for our nation's Fortune 500 companies.

And this is a relationship we're really excited about because it increases the velocity and the frequency

with which we can spin wafers across all of our product generations, which means the further out we're talking, the more room there is to move things forward.

And you're seeing us continue to spend money to move things to the left on our roadmap and win this geopolitical space race of our era.

Nicolo, continuing to spend money, there's a lot of emphasis that this is Skywater with US-only operations.

Do you look at Europe and other jurisdictions and give yourself backing to go out and do another deal if you need to have a similar footprint and presence in a different market or geography?

Well, Skywater has a tremendous amount of upside capacity that we can tap into here, not just on the design engineering side, but on actual manufacturing.

So we did this deal because we believe that manufacturability is paramount.

Our ambition, as I think you both know, is to be both the Nvidia and the Cisco, if you will, of the quantum computing and quantum networking and security space.

And so our full quantum platform, networking, sensing, security, and computing, all has foundry requirements, all has semiconductor manufacturing requirements.

What this deal does is it improves certainty, brings forward the roadmap,

And, of course, make sure that we have industry-leading costs.

So I think this is going to be enough capacity for global production.

Skywater focuses on high-security classified program work and U.S.