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    Key Asic bags RM28mil wafers, chips supply contract

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    The company said there are three system-on-chip (SoC) design wins, and the chips will go into engineering production in the next three months before proceeding into mass production.

    Key Asic Bhd has won wafers and chips supply contracts from an undisclosed customer that totalled over RM28 million for over three years.

    The company said there are three system-on-chip (SoC) design wins, and the chips will go into engineering production in the next three months before proceeding into mass production. “As the products are of the leading edge in nature and have not officially launched to the market, Key Asic may disclose more information about the chips at the appropriate time,” the company said in a statement. Based on the contracts, Key Asic will deliver wafers and chips throughout the contract duration.

    The company said the chips will likely be in mass production for at least the next five years, while mass production contracts for an additional three years are expected in due course since the chips consist of Key Asic’s intellectual property (IP).

    “Our robust pool of IPs and engineering capabilities in the internet of things (IoT) and wireless communication enable us to provide our customers with the necessary expertise and ingredients to make these chips successful and competitive.

    “We will continue to invest in developing advanced IPs in artificial intelligence, IoT, communication, automotive, medical, and new energy applications to accelerate customer success,” said Key Asic chief executive officer Eg Kah Yee.

    Eg added that the company expected more design wins in the near future as these markets are growing rapidly and will contribute to the company financially.

    Source-New Straits Times