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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
SKC Q2 operating loss of 14.4 billion won narrows 79 percent year-on-year
SKC posted second-quarter sales of 645.4 billion won and an operating loss of 14.4 billion won, it said on Sunday. Sales rose 38.3 percent from a year earlier and the operating loss narrowed 79.0 percent. EBITDA was 29.1 billion won, about triple the previous quarter, remaining positive for a second quarter. The company completed a 1.16 trillion won rights issue and said net debt and leverage fell sharply.
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Industry
AI chip glass substrate supply chain race enters round two, expands into materials alliances
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Industry
SKC sets up CEO-led AX organization including units such as SK Nexilis
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Industry
Subsidies vs tax credits put South Korea chip support at crossroads
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AI & Enterprise
UCLIX hires CEO Kim Jung-in from McKinsey, Hyundai Card
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Industry
SK Nexilis wins U.S. jury verdict in battery copper foil patent lawsuit
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Industry
SKC wins 1.17 trillion won rights offering to speed glass substrate investment
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Industry
SKC raises funds through rights offering for glass substrate commercialisation
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Industry
SKC declares transparent management, CEO to disclose business update
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Industry
AI chips faster but cooler as semiconductor makers race to commercialise glass substrates
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Industry
SKC raises 1 trillion won to accelerate glass substrate future business
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Industry
SKC posts 107.6 billion won Q4 operating loss, widens 30.8 percent on year
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Industry
European semiconductor technology firms turn to South Korea
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Industry
SKC withdraws plan to enter secondary battery cathode materials business