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

Canonical page: https://technooptimist.io/stories/absolics-launches-a-401-1b-rights-issue-to-fund-customer-qualification-df5b6ab7
Date: 20 Aug 2026
About: [Absolics](https://technooptimist.io/companies/absolics.md) · [Covington glass substrate plant](https://technooptimist.io/computing/covington-glass-substrates.md)
Original source: https://www.digitaltoday.co.kr/en/view/95352/absolics-decides-rights-issue-worth-4011-billion-won-to-commercialise-glass-substrates

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.

## Key facts

- 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.

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