SKC to Invest KRW 281 Billion in Absolix... Accelerating Glass Substrate Commercialization

Announcement of Participation in Absolix's Shareholder-Allotted Paid-In Capital Increase
First Deployment of Funds Secured from First-Half Capital Increase
Acquisition of Approximately 192,000 New Shares Based on Ownership Stake

SKC will invest KRW 281 billion in Absolix, a company engaged in the semiconductor glass substrate business. By allocating funds secured through a paid-in capital increase during the first half of this year to the actual business, SKC is accelerating the commercialization of glass substrates.

SKC glass substrates are exhibited as applied in AI data centers. Photo by SKC

On September 4, SKC announced that its board of directors had resolved to participate in a shareholder-allotted paid-in capital increase being carried out by Absolix, committing to invest approximately KRW 281 billion in cash. Based on its current ownership stake of 70.05%, SKC is set to acquire 192,416 new shares allotted to it.

This investment is a follow-up measure to the KRW 1.1671 trillion paid-in capital increase executed by SKC in the first half of this year. At that time, SKC presented a blueprint to invest approximately KRW 590 billion of the newly secured capital into the glass substrate business over the next three years. The current investment marks the first fund execution according to that plan, and SKC intends to deploy the remaining resources gradually in line with the progress of the business.

Absolix is currently accelerating preparations for the commercialization of glass substrates, focusing on both embedding and non-embedding products. For embedding products, Absolix successfully completed preliminary evaluations of samples produced at its Georgia, USA facility and is currently conducting reliability assessments.

Non-embedding products are also participating in the supplier selection process scheduled for the second half of the year, with an aim to enter the Proof of Concept (PoC) stage within this year. Absolix plans to continue customer verification for each product segment without delay, while consistently improving yield rates and quality competitiveness to establish a full-scale mass production system.

An SKC official stated, "This investment marks the first step in turning funds secured in the first half into tangible business results. Going forward, we will deploy the planned funds in stages, expedite preparations for mass production, and solidify our technological leadership in the next-generation semiconductor packaging market through close collaboration with strategic partners."

This content was produced with the assistance of AI translation services.