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SKC Invests 281 Billion KRW to Increase Stake in US Subsidiary Absolics to 70%
Electronic Technology · Semiconductors · yonhap_finance · 2026-09-04
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SKC has announced a 281 billion KRW investment to acquire additional shares in its US-based semiconductor glass substrate subsidiary, Absolics, raising its stake to 70%.
What Happened
Additional Equity Acquisition: SKC has announced plans to acquire 192,416 shares of its US-based semiconductor glass substrate manufacturing subsidiary, Absolics, for approximately 281 billion KRW. Following this transaction, SKC's total ownership stake in the subsidiary will increase to 70%.
Strategic Rationale: The primary objective of this significant capital injection is to accelerate the development and commercialization of the semiconductor glass substrate business. SKC is positioning itself to lead in the next-generation semiconductor packaging materials market.
Timeline and Execution: The acquisition is scheduled to be completed by November 24th of this year. This move underscores the company's commitment to securing long-term growth engines through strategic investments in high-tech manufacturing.
Market Outlook: Glass substrates are increasingly viewed as a game-changer in the semiconductor industry due to their superior performance and power efficiency compared to traditional materials. This investment is expected to bolster Absolics' production capabilities and technological advancement in the sector.
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