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Industry
SKC declares transparent management, CEO to disclose business update
SKC appointed Kim Jong-woo as its new chief executive and held a shareholder briefing after its annual meeting to disclose its business status and investment plans. The company said it will invest 590 billion won from a 1 trillion won rights offering in its glass substrate unit Absolics and use the remaining 410 billion won to repay borrowings. SKC also outlined turnaround plans for existing businesses and board appointments.
Industry
AI chips faster but cooler as semiconductor makers race to commercialise glass substrates
Glass is emerging as a key material for AI chips as semiconductor companies pursue next-generation packaging that could address power use and performance limits in AI data centres. SKC\'s U.S. unit Absolics is preparing commercial production and plans small-batch output from this year. Intel is also researching glass substrates. Advocates cite improved thermal stability, smoother surfaces and higher interconnect density, while challenges include fragility during manufacturing.
Industry
SKC raises 1 trillion won to accelerate glass substrate future business
SKC has approved a roughly 1 trillion won capital increase to accelerate future materials businesses such as glass substrates. It will issue 11.73 million new shares through a rights offering followed by a public offering of unsubscribed shares. About 590 billion won of proceeds will be used for product development at Absolics, an investee in glass substrates. The remaining 410 billion won will be used to repay borrowings, with SKC expecting its debt ratio to fall from about 230 percent at end-2025 to the low 140 percent range.
