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2 clusters · 4 sources · 19 days · First seen · Last updated

SKC investment in Absolics glass substrate business

Overview

SKC is progressively increasing its ownership in Absolics, a semiconductor glass substrate subsidiary, to strengthen its position in the AI semiconductor packaging market.

Initially, SKC announced plans to raise its stake in Absolics to 70% through an acquisition of shares valued at 281 billion won. This subsidiary, a joint venture with Applied Materials, is working to commercialize next-generation glass substrates, with products undergoing reliability testing and customer technical verification. To support these efforts, Absolics sought a rights offering of approximately 400 billion won to upgrade equipment and yields at its manufacturing facility in Georgia, USA.

By late September, SKC further expanded its investment after subscribing to additional shares not taken up by Applied Materials. This increased SKC’s total stake in Absolics from 70.05% to 82.37%. SKC intends to invest approximately 590 billion won into the glass substrate business over the next three years.

Entities

Applied Materials · Absolics · SKC · SK Nexilis · Georgia

Timeline

  1. 3 days ago

    [BUSINESS] 2 sources
    SKC expands Absolics stake to 82% and supports SK Nexilis financing

    SKC is increasing its stake in Absolics to 82.37% to bolster its AI semiconductor glass substrate business and is providing financial support mechanisms for its copper foil subsidiary, SK Nexilis.

  2. 22 days ago

    [BUSINESS] 2 sources
    SKC increases Absolics stake to 70% to boost glass substrate business

    SKC is raising its stake in Absolics to 70% and supporting a 400 billion won capital increase to accelerate the commercialization of next-generation semiconductor glass substrates in the US.

Sources

sateconomy.co.kr · thelec.kr · tokenpost.kr · zdnet.co.kr