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Industry

SKC to inject 281 billion won into Absolics to speed glass substrate commercialisation

SKC said on Thursday its board approved a 281 billion won cash investment in Absolics by participating in a shareholder rights offering. SKC will acquire 192,416 new shares allocated in line with its 70.05 percent stake. The investment follows SKC’s 1.17 trillion won rights issue in the first half of this year, when it said it would invest 590 billion won over three years in its glass substrate business.

Industry

Absolics decides 401.1 billion won rights issue to commercialise glass substrates

Competition to commercialise semiconductor substrates made of glass has entered a fundraising phase. SKC said its glass-substrate venture Absolics decided on a 401.1 billion won shareholder-allocated rights issue. Absolics plans to use the funds for glass-substrate evaluation and customer certification, and to improve yields and quality through equipment upgrades. Development is proceeding on embedding and non-embedding products. Additional investment will be executed in line with customer evaluations and milestone targets.

Industry

AI chip glass substrate supply chain race enters round two, expands into materials alliances

Competition over glass substrates, a next-generation semiconductor packaging material, is shifting from individual company technology validation to a race to build supply chains led by materials alliances. Samsung Electro-Mechanics has moved to set up a 480 billion won joint venture with a Sumitomo Chemical group affiliate. The move sharpens its rivalry with SKC, whose unit Absolics has completed construction of a glass substrate mass-production line in Georgia.