SkyeChip eyes next growth phase as homegrown IP starts to scale, Kenanga sees royalty potential

September 14, 2026 -

• Heavy R&D investment, 365-strong engineering team underpin growing portfolio of homegrown silicon IP
• With 113 patents filed, with 36 granted, emerging as one of the clearest tests of the NSS push into indigenous chip design

For a Malaysian company that only commenced operations in 2020, SkyeChip Bhd has moved quickly from designing its first memory-interface intellectual property (IP) to becoming one of the country's most visible homegrown IC design companies.

Its next challenge could be considerably more important: turning the IP it has created into products and recurring royalty streams.

That possibility is highlighted by Kenanga Research following SkyeChip's first-quarter FY2027 results on 17 Aug. Analyst Tan Woon Pin believes product and royalty revenue are "natural extensions" of SkyeChip's existing non-recurring engineering (NRE) and licensing businesses, although neither has yet been included in his earnings forecasts because the timing remains uncertain.

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