Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
South Korean chemical giant SKC Co. Ltd., announced plans to acquire a 12% stake in Chipletz, a US-based chip packaging startup. This strategic move aligns with SKC’s shift towards chip testing and battery materials. The investment, set via Series B funding, aims to expedite SKC's chip post-processing endeavors.
It was reported that SKC Co. is making this acquisition move as part of its plan to shift to the chip testing and battery materials business. The company also hopes that with the purchase of Chipletz stake, it can speed up its chip post-processing push.
SKC’s plan for stake acquisition was revealed on Monday, Sept. 11. According to Yonhap News Agency, the investment in the Austin-headquartered fabless firm that will give the company a 12% share is set to be coursed through a Series B funding and SKC confirmed this.
Then again, while SKC provided some information about its stake purchase in Chipletz, it did not disclose the exact investment amount. The firm said it is not sharing the financial details as agreed in the contract.
The Korea Economic Daily mentioned that Chipletz started its business as an internal venture company of Advanced Micro Devices Inc. (AMD) in 2016. In 2021, it was spun off as a separate company that develops smart substrate technology that supports the fusion of almost any die from manufacturers. Likewise, it designs chip substrate packaging for artificial intelligence (AI) and high-performance computing.
Meanwhile, the company was founded by Bryan Black, currently serving as Chipletz CEO. He is said to be a chip packaging expert who gained 20 years of experience in the field after working for both AMD and Intel. It was said that AMD and ASE, a Taiwan-based chip assembly firm, are the main investors in Chipletz.
Photo by: Chipletz Website
