Chip-Design Firm SkyeChip Is Close to a Malaysian IPO, CEO Says

Malaysian semiconductor designer SkyeChip Sdn. 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.

“We are on track” for profitability, he said.

The company is targeting a price that would value it at more than 1 billion ringgit ($239 million), Bloomberg News reported in March.

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