SKC Bets On Glass Substrates
SKC invested 281 billion won (approximately $208 million) in a paid-in capital increase of its United States subsidiary, Absolics Inc., which develops semiconductor glass substrates. Absolics plans to raise a total of 401.1 billion won through the paid-in capital increase and invest it in the commer
SKC, a South Korean semiconductor manufacturer, has invested 281 billion won ($208 million) in its US subsidiary, Absolics Inc., to support the commercialization of semiconductor glass substrates. Absolics, which was founded by SKC in the US in 2021, plans to raise a total of 401.1 billion won through a paid-in capital increase.
The remaining 120.1 billion won will come from other shareholders, including Applied Materials (AMAT). Absolics is currently constructing a glass substrate factory in Georgia and undergoing quality certification for embedded glass substrates. SKC's investment is aimed at accelerating the company's progress towards mass production, as the original commercialization target of 2024 has been repeatedly delayed.
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