Absolics agrees terms for up to $75M in CHIPS Act funding for its Georgia glass substrate plant

Absolics/Covington glass substrate plant

The US Commerce Department signed preliminary terms to give Absolics up to $75M under the CHIPS and Science Act for a 120,000 sq ft glass substrate facility in Covington, Georgia. Glass substrates are flatter and more thermally and mechanically stable than organic ones, allowing denser chiplet packages.

• Absolics was then an 80.6%-owned affiliate of SKC.
• Aimed at small-volume production in H2 2024 and high volume in 2026 (both since slipped).
• Expected 1,000 construction jobs and 200 manufacturing and R&D jobs.