SKC has decided to participate in an additional capital increase for Appsolix to ensure the stable advancement of its glass substrate business. On September 22, SKC announced it would subscribe to approximately 92.1 billion won in Appsolix's capital increase, bringing its total subscription amount to about 373.1 billion won.
This additional subscription will utilize funds secured through a 1.1671 trillion won capital increase completed by SKC in the first half of this year. SKC has previously outlined a plan to allocate around 590 billion won over the next three years to focus on the glass substrate business. The company plans to continue its investments in stages, aligned with the progress and milestones of the project.
With this capital increase, Appsolix aims to secure approximately 400 billion won and accelerate its two-track strategy for commercializing both embedding and non-embedding products.
The embedding products have successfully completed preliminary evaluations of samples produced at the Georgia plant in the United States and are currently undergoing reliability assessments. The non-embedding products are also participating in supplier selection tasks for the second half of this year, preparing to initiate technology verification (PoC) by the end of the year.
An SKC official stated, "This additional investment is a decision to inject necessary funds in a timely manner for the successful commercialization of the glass substrate business and to further solidify the foundation for project advancement. Based on our operational capabilities, we will proceed with customer certification and commercialization preparations without delay to secure competitiveness in the next-generation AI semiconductor packaging market."
* This article has been translated by AI.
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