AMAT · News · 20260923N

Acquisition / Partnership / Divestiture

APPLIED MATERIALS INC /DE · 2026-09-23 · Importance 34 · Surprise 42

SKC will raise its ownership of Absolics, its semiconductor glass-substrate subsidiary, to 82.37% through an additional 92.1 billion won rights-offering investment. Applied Materials left its allocated shares unsubscribed, enabling SKC to acquire them and bringing SKC’s cumulative investment to approximately 373.1 billion won. The transaction supports commercialization of Absolics’ glass-substrate business and strengthens SKC’s position in AI semiconductor packaging in South Korea.

Key facts

• SKC's total investment in Absolics will be approximately 373.1 billion won after subscribing to shares that Applied Materials left unsubscribed. source
• SKC will increase its stake in Absolics to 82.37% by investing an additional 92.1 billion won in a rights offering by subscribing to shares that Applied Materials left unsubscribed. source
• Applied Materials left shares unsubscribed in Absolics' rights offering, which SKC subscribed to. source