MacVisit: SkyeChip

研报英文原文证据摘录

MacVisit: SkyeChip

Macquarie Equity Research

20 May 2026

Semicons & Semicon Equip

ASEANMacVisit: SkyeChip

IC design company debuts

Izzati

About this company Hakim, CFA

• Skyechip (Not Rated) carries out end-to-end design and development

work for silicon IPs, specialising in memory interface IP, Network-on-Chip

(NOC) IP and recently ventured into custom ASIC in 2025, with a focus

on upfront licencing. It debuts on the MAIN market on 20 May with an SKYECHIP MK Not rated

IPO offer price of RM0.88 (44x FY25A PER). Its IPO was oversubscribed Price (RM) 0.88

by 95x to raise RM352mn. Number of shares 1,796

Market cap (RM m) 1,580

Why we visited Source: Company data, May 2026

• We attended Skyechip's prospectus launch where management provided The subject Company discussed in this report is not under

an overview of the company's business outlook & strategy. Separately, Macquarie Research’s coverage. This report is not an

we visited the company's Penang facility in August 2025 and have been initiation of coverage on the Company and does not intend to

following its development closely. provide any rating or recommendation on the Company.

The most interesting findings

• Skyechip is one of the few listed original equipment designers with full

IP rights over its designs, which it licenses to customers for integration

into their IC products. Its library of silicon IP is reconfigurable, allowing it

to license the same IP to multiple clients, with clients receiving rights for

specific projects. The products meet industry standards, including those

set by JEDEC and the Universal Chiplet Interconnect Express, which

support interoperability across IP.

• Management believes its access process design kits (PDKs) from

foundries (Intel Foundry and Samsung Foundry) allows it to have access