Absolics launches a ₩401.1B rights issue to fund customer qualification and yield

Absolics/Covington glass substrate plant

Absolics will raise ₩401.1B from its shareholders, SKC (70.05%) and Applied Materials (29.95%), for glass substrate evaluation, customer certification and equipment upgrades to raise yield. Its embedded product has finished preliminary electrical checks and entered reliability evaluation.

• A non-embedded product is in a supplier selection due in H2 2026, with proof-of-concept work to follow.
• Large-scale expansion will be reviewed only after quality requirements are met.
• Industry sources say it has yet to pass the final reliability assessment.