SkyeChip Sdn., a semiconductor design firm, is reportedly considering an initial public offering (IPO) in Malaysia, targeting a valuation of over 1 billion ringgit (approximately $226 million). The company is aiming to launch the IPO in the second half of 2025, though the timing and offering size may change as discussions continue.
Key Points:
Company Background: Founded in 2019, SkyeChip specializes in chip design, and is well-positioned to benefit from Malaysia's growing semiconductor ambitions. The government is keen to support local companies in designing their own chips, with a goal to achieve 1.2 trillion ringgit in semiconductor exports by 2030.
Malaysia's Semiconductor Goals: Malaysia, which packages around 10% of the world's semiconductors, has signed a $250 million agreement with SoftBank Group’s Arm Holdings to gain access to semiconductor licenses and expertise.
IPO Potential: The IPO would help elevate SkyeChip in line with Malaysia’s push to become a regional leader in chip production. The company’s technical expertise is seen as a key asset in the country’s semiconductor development strategy.
Recent IPO Activity: Malaysia was a standout performer for stock deals in Southeast Asia in 2024, raising $1.6 billion through IPOs. There are also other sizable IPOs expected in the region this year, including from MMC Port Holdings and Sunway Healthcare Group.
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