US Semiconductor Equipment Company AMAT Invests in SKC Subsidiary
[Asia Economy Reporter Hwang Yoon-joo] Applied Materials (AMAT), the world's No. 1 semiconductor equipment company based in the United States, is investing in Absolix, SKC's semiconductor glass substrate subsidiary.
According to the Financial Supervisory Service's electronic disclosure system on the 2nd, SKC recently announced that its subsidiary Absolix decided on a third-party allotment paid-in capital increase to raise approximately 165.9 billion KRW for facility funds.
This paid-in capital increase involves issuing 130,000 new shares, with SKC and AMAT participating. SKC will acquire 90,000 shares, and AMAT will acquire 40,000 shares. In terms of amount, SKC will invest about 114.8 billion KRW, and AMAT about 51 billion KRW.
The company stated, "Absolix plans to invest in building a semiconductor glass substrate factory in the United States with this funding."
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Absolix is constructing a semiconductor glass substrate factory in Covington, Georgia, USA. They plan to invest 240 million USD by the end of next year to build a 12,000㎡ production facility and start full-scale mass production from the second quarter of 2024.
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