SK hynix's sister company plans to increase investment in its factory, with AMD and AWS as potential clients

Golden Ten Data, May 13｜According to TheElec, SK Group (the actual controlling party of SK Hynix) subsidiary SKC recently announced plans to issue 11.73 million new shares to raise 1.17 trillion KRW (about 5.3 billion RMB). Of this, approximately 589.6 billion KRW (about 2.7 billion RMB) will be invested in its subsidiary Absolix to support its glass substrate mass production plans for the next three years. Driven by these expectations, SKC's share price has risen about 60% from its low point in April. Company executives stated: "This is the result of shareholders' and investors' strong recognition of SKC's core competitiveness and the future value of the next-generation glass substrate business." He added: "Based on the capital raised, we plan to smoothly advance the commercialization progress of glass substrates and strive for a breakthrough improvement in our financial structure." All signs indicate that SKC is about to start mass production of glass substrates.The report states that Absolix recently launched a new project—providing "non-embedded" glass substrate samples for next-generation network semiconductors to an American telecom semiconductor company. The report points out that this project marks a shift in Absolix’s business focus from the previous concentration on embedded glass substrates to other fields, and if reliability testing is successfully completed, commercial preparation may be accomplished as early as this year. It is worth mentioning that Absolix’s glass substrate plant in Covington County, Georgia, USA, was completed in 2023 and is the world’s first manufacturing plant for glass substrates used in semiconductor packaging. Supplementary reports from The Korea Economic Daily and other outlets state that samples produced by Absolix are undergoing performance tests at several companies, including AMD and Amazon Web Services (AWS), which could help drive the company to begin mass production before the end of this year, potentially making it the world’s first such project.