The company is targeting a price that would value it at more than RM1bil. — Source: SkyeChip website
KUALA LUMPUR: Malaysian semiconductor designer SkyeChip Bhd. is "close" to an initial public offering after posting consecutive years of revenue and profit growth, said Chief Executive Officer Fong Swee Kiang.
The company, founded in 2019, has seen "30% revenue growth every year, and a 30% net profit margin," Fong said in an interview on the sidelines of a Kuala Lumpur investment conference.
