{
  "id": 2477381,
  "title": "Meet Malaysia’s new tech stars",
  "url": "https://urgent.news/2026/08/22/meet-malaysias-new-tech-stars-2477381",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-22T01:00:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/opinion/2026/08/22/meet-malaysia-s-new-tech-stars"
  },
  "original_language": "en",
  "account": "Two Malaysian tech firms, SkyeChip and NationGate Holdings, have skyrocketed in value in just six months, now boasting combined worth of nearly RM10 billion. This surge has propelled Malaysia's technology sector into the spotlight, outpacing even well-established players. In May, the Bursa Malaysia Technology Index climbed 2.5% to a two-year high of 79.37 points, driven by these promising newcomers.\n\nSkyeChip, founded in Penang in 2019 by electrical engineer Fong Swee Kiang, is the most notable of these new stars. The company designs silicon intellectual property and custom chips for artificial intelligence, with a focus on complementing Nvidia rather than competing with it. SkyeChip's IPO price of 88 sen surged 269% to RM3.25, valuing the company at RM5.84 billion, with over 60% of proceeds earmarked for R&D.\n\nNationGate Holdings, Malaysia's leading electronics manufacturing services provider, has also seen a substantial rise, listing on Bursa's ACE Market in January 2023. The company now assembles Nvidia's AI servers in Southeast Asia, contributing to a 720% revenue growth in 2024. NationGate's shares are up 69% this year, valuing the firm at RM3.51 billion.\n\nStratus Global, a relatively new entrant, specializes in automated material handling systems for chip production. Its IPO was oversubscribed by 129 times, and its shares have surged 279% since its offering, valuing the company at RM3.79 billion. Finally, Dagang NeXchange, which holds a 60% stake in SilTerra, one of Southeast Asia's few wafer fabrication plants, is also making waves with Monday's surge as its most actively traded stock.\n\nThis meteoric rise highlights Malaysia's emergence as a player in the global semiconductor value chain, from design to automation. Industry analysts predict that the country's position will strengthen further as geopolitical tensions shift the global supply chain. However, potential investors should be cautious, as these young companies' valuations assume flawless execution. Despite the challenges, this generation of Malaysian tech stars is putting its name on the ideas, marking a significant shift for the nation's tech landscape.",
  "summary": "In May, I asked whether Malaysia's silicon surge was a blip or the beginning of something structural. Three months on, a new generation of Bursa-listed companies is delivering the answer.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Meet Malaysia’s new tech stars",
        "url": "https://urgent.news/2026/08/22/meet-malaysias-new-tech-stars",
        "published": "2026-08-22T01:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}