PETALING JAYA: Semiconductor designer SkyeChip Sdn Bhd is considering an initial public offering (IPO) in Malaysia as early as the second half of this year (2H25), people familiar with the matter said, riding on the country’s push to make its own chips.
The company, founded in 2019, is targeting a price that would value it at more than RM1bil (US$226mil), the people said.
The size and timing of the offering may change as deliberations are ongoing, the people said.
SkyeChip didn’t respond to a request for comment.
SkyeChip is set to benefit from Malaysia’s chip ambitions because of the firm’s technical expertise, Cheow Ming Liang, an analyst at Kuala Lumpur-based Kenanga Investment Bank Bhd
, wrote in a report last week. — Bloomberg
