Key ASIC bags two IP licensing, design engineering contracts worth RM26mil

NST Wed, Dec 07, 2022 12:47pm - 3 months View Original

Key ASIC Bhd has bagged two more contracts for ASIC design business from an undisclosed customer.

KUALA LUMPUR: Key ASIC Bhd has bagged two more contracts for ASIC design business from an undisclosed customer.

The two contracts are worth over RM26 million over a three year period following the win of the three contracts of RM28 million announced in October 2022.

This brings total wins of five contracts, total value of RM54 million in these three months.

Chairman and chief executive officer Eg Kah Yee said the investment made over the years persistently and consistently has built up a large pool of analog intellectual property (IPs) and technology platforms for the company.

Eg said this has enabled the company to deliver first time silicon success in every ASIC design project that it has engaged.

"We are focusing on advanced technologies ranging from 28 nanometer (nm) to 7nm and eventually 5nm projects and we have a healthy backlog and strong pipeline of projects despite the current slowdown in the semiconductor industry," he said.

According to Key ASIC, the new contracts consists of two parts, the non-recurring engineering (NRE) fee that consists of IP licensing and design engineering fees, and the sales of the chips in mass production.

It said as the projects are in the research and development phase, details of the contracts are not disclosed at the time of this announcement.

"One of the projects is the design of advanced SoC using 28nm technology while the other chip is a high-end sensor using micro-electromechanical system (MEMS) technology," it said.

To date, the company has shipped over 100 million units of chips that have its IPs in the areas of wireless communication, computing, industrial control, power devices, Internet of Things, Artificial Intelligence, digital TV, consumer electronics, automotive and medical applications.

The company has IPs ranging from analog-to-digital conversion (ADC), digital-to-analog converter (DAC) to various high-speed interfaces such as PCIexpress (PCIe) 5.0 and USB3 in various technologies.

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