SkyeChip Bhd (5357) IPO is now open! Malaysia's first AI chip designer lists on Bursa Main Market on 20 May 2026 at RM0.88/share. Apply via M+ Global before 6 May 2026.  SkyeChip IPO available in M+ Global app now. The next chapter in Malaysia's semiconductor ambition has arrived.
SkyeChip Bhd, a Penang-based integrated circuit (IC) design firm specialising in AI and high-performance computing, is making its move to the Main Market of Bursa Malaysia — targeting a raise of up to RM352 million at an indicative price of 88 sen per share. Notably, the IPO involves only the issuance of new shares, with no existing shareholders selling down their stakes — a strong signal of long-term confidence from the founding team. SkyeChip Bhd, said it has received conditional approval to access Arm Holdings plc’s design tokens. The Penang-based firm received letters of conditional approval from relevant authorities in April for access to the British firm’s Compute Subsystems and Arm Flexible Access. However, the terms and conditions are still under review and evaluation. “We have received the offer and we're still working on some of the details with the government to make sure that both parties are aligned,” said CEO Datuk Fong Swee Kiang, in response to a question on the status of the agreement. The Edge Malaysia had reported in its March 9, 2026 - March 15, 2026 weekly that SkyeChip is on the verge of obtaining the access tokens that will provide access to Arm’s library of intellectual properties, tools, and training used in chip design. SkyeChip had submitted its application for access in July 2025. Access to the tokens is part of the US$250 million (RM1.1 billion) deal between the Malaysian government and Arm to further develop the country’s semiconductor sector. Providing access to the platforms is a step in the right direction for Malaysia’s national agenda in advancing artificial intelligence into infrastructure, Fong said on Wednesday. The deal could support Skyechip’s position within the semiconductor space, he said, noting that the company had built its business prior to the initiative through its own silicon intellectual property and product development. For more detail information, kindly refer to this blog post. 🚀 Want a better shot at getting allocated? Apply with M+ Global IPO Financing and multiply your subscription amount — giving you a significantly higher chance of winning shares through the balloting process. With public balloting limited to just 35.92 million shares, competition will be fierce. Don't leave your allocation to chance — leverage M+ Global's IPO Financing to apply for more lots and improve your odds. 📲 Subscribe now on the M+ Global App using invitation code: UBZQ before 5PM on 6 May 2026.
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