SkyeChip Expands Japan Semiconductor Footprint
The Malaysian chip design firm's North-East Asia revenue surged to 25% of group revenue in its latest quarter.
Updated on Nov. 3, 2026 in Semiconductors
SkyeChip Bhd, an integrated circuit design company, expanded its presence in Japan's semiconductor ecosystem after being appointed a design solution associate under Rapidus CORE and collaborating with Tokyo-based Saimemory Corp on the Z-Angle Memory programme. North-East Asia revenue rose more than 20-fold quarter-on-quarter in Q2 FY27, accounting for 25% of group revenue.
Why it matters
The expansion positions SkyeChip within Japan's chip development efforts, a market where Malaysian design firms have historically had limited exposure. Analysts view the moves as potential catalysts for further licensing and design wins.
Company-reported quarterly filings show North-East Asia revenue reached 25% of group revenue in Q2 FY27, while group revenue was RM54 million in Q2 FY26 with core net profit of RM19 million. The filings do not detail how much of the Japan-linked revenue will recur or what the financial terms of the partnerships are.
The players
SkyeChip Bhd
An integrated circuit design company listed on the Malaysian stock exchange that is expanding its semiconductor presence in Japan.
Saimemory Corp
A Tokyo-based subsidiary of SoftBank that is partnering with SkyeChip on the Z-Angle Memory programme.
Rapidus CORE
A Japanese chip development initiative under which SkyeChip has been appointed a design solution associate.
The details
SkyeChip was appointed a design solution associate under Rapidus CORE and is collaborating with Saimemory Corp on the Z-Angle Memory programme. The company listed in May, and its shares were trading at RM2.69 at the time of writing.
Timeline
May: SkyeChip lists on the stock exchange.
Q2 FY26: Group revenue rises 9% quarter-on-quarter to RM54 million.
Q2 FY27: North-East Asia reaches 25% of group revenue.
First six months of FY27: Core earnings total RM35 million.
Market Landscape
SkyeChip's appointment as a design solution associate under Rapidus CORE places a Malaysian design house inside Japan's state-backed chip development push. Analysts at Phillip Capital, Kenanga Research and HLIB Research have issued 12-month target prices ranging from RM2.85 to RM3.64.
For users and developers, SkyeChip's Japan partnerships could eventually expand the range of chip designs available from Malaysian suppliers. The source does not indicate near-term changes to product pricing or availability for consumers.
The takeaway
Investors weighing SkyeChip should note that its revenue mix is shifting toward Japan, but the partnership terms remain undisclosed. Analysts' divergent targets suggest the outcome depends on whether these initiatives translate into tangible contracts.
Further reading
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