SKC's subsidiary Absolics has decided to raise approximately 400 billion won through a rights issue to fund glass substrate commercialisation. This marks the first deployment of funds from SKC's 1.17 trillion won capital raise in May, of which 589.6 billion won was earmarked for Absolics. The funding will support customer evaluations, production process improvements, and equipment upgrades at the first-phase factory currently producing prototypes. SKC holds 70.05% of Absolics, with Applied Materials owning 29.95%. The final investment amount will be determined based on each shareholder's participation. Absolics is pursuing both embedding and non-embedding glass substrate products. Embedding samples from its Georgia facility have completed preliminary evaluations and entered reliability testing. Non-embedding products are being submitted for supplier selection processes in the second half of 2025.

Under the new set of CHIPS investments, SKC affiliate Absolics will receive up to $75 million in direct funding to construct a semiconductor facility in Covington, Georgia.

Absolics, Inc. in Covington, Georgia: Absolics has been recognized as the recipient in the glass materials and substrates areas, with up to $100 million in potential funding.