SkyeChip recorded RM14 million maiden post-IPO net profits

SkyeChip Bhd, an integrated circuit designer, reported its first post-IPO net profit of RM13.92 million for the quarter ending June 30, 2026 (Q1 FY27), driven by its silicon intellectual property (IP) and custom application-specific integrated circuit (ASIC) businesses. The company reported revenue of RM49.62 million, with IP sales comprising 52.9% and custom ASIC solutions making up 46.9% of the total revenue.

No year-on-year comparisons were provided, as the company was not required to submit interim financial reports prior to its listing. However, in Q4 FY26, SkyeChip generated net profits of RM31.5 million with revenue of RM58.88 million. The Penang-based company specializes in designing proprietary silicon IP and silicon products, including custom ASICs.

The United States was SkyeChip's largest market, contributing RM27.1 million or 54.6% of revenue, followed by China (42.1%). Malaysia and South Korea accounted for the remaining 3.3%. SkyeChip's CEO, Datuk Fong Swee Kiang, stated that the first-quarter performance reflected continued execution across core design operations as the company transitioned into a Main Market-listed company.

The company's substantial capital raised from its IPO is being used to scale research and development initiatives, hire engineers, and expand into key markets to capture global opportunities. SkyeChip made its debut on Bursa Malaysia on May 20, with shares closing 151.1% above the IPO price on the first trading day. The company's valuation has risen 47% to RM5.84 billion.