- Cash will help increase the number of skilled workers, expand, and maintain working capital.
- Gobi’s purchase highlights SkyeChip’s explosive expansion in the device style industry.
Gobi Partners, an Asian Venture Capital firm with offices in Malaysia and Hong Kong, has made an undisclosed investment in SkyeChip, a rapidly expanding semiconductor integrated circuit ( IC ) design firm based in Penang, the heart of Malaysia’s semiconductor ecosystem, for an undisclosed sum. The Khazanah Nasional-backed Gobi Dana Impak Fund, as well as Gobi’s local resources, which are supported by renowned domestic and international organizations, served as the funding sources for the purchase. The US$ 1.6 billion ( RM$ 1.6 billion ) Dana Impak Fund, which Khazanah founded in 2022, is comprised of.
Fong Swee Kiang ( SK), who co-founded Skyechip ( TM) in 2019 along with and Teh Chee Hak and about 30 other experienced semiconductor engineers, was contacted for comment because of binding non-disclosure agreements. The members bring together more than 50 years of experience in the semiconductor industry, with 32 of those times spent at Intel and periods in the US and Malaysia. Skyechip has grown to over 330 professionals now, and it has granted over 102 US patents as a mixed patent payment. The majority of the inventions were created during their earlier periods with international semicon companies.  ,
Gobi stated in a statement that the purchase will help meet SkyeChip’s skills acquisition, business expansion plans, and working capital requirements. The move, according to the statement, aligns with Khazanah’s Dana Impak authority to support Indonesian businesses that advance Malaysia’s semiconductor and advanced manufacturing ecosystems by promoting scientific innovation, social flexibility, and long-term financial resilience. The company’s proprietary intellectual property, commitment to research and development, and expansion into custom application-specific integrated circuit ( ASIC ) design will strengthen its position on the market and strengthen Malaysia’s position within the global chip ecosystem.
kyeChip is a company that creates custom ASICs and silicon intellectual property for high-end applications like high-performance computing ( HPC ) and artificial intelligence ( AI ) for advanced applications. Gobi’s funding is a reflection of the bank’s rapid expansion in the chip design industry, which had established a solid reputation just a few years after its founding.
Gobi believes that the Southeast Asian-based manufacturers ‘ growing international demand, in addition to the company’s significant progress in key end-markets like AI and HPC, makes it possible for the company to expand for the long term. Moreover, Malaysia’s proper location and changing ecosystem make it a top location for semiconductor innovation in the area.
Co-founder and chairman of Gobi Partners, Thomas G. Tsao, stated that SkyeChip is well-positioned to capitalize on the growing need for advanced semiconductor options, especially in AI and HPC software. We look forward to working with Stat and Chee Hak through their upcoming rise as they have created a fierce company at the forefront of Internet and Circuit design.
Our company’s executive director, Gobi Partners, Hisham Ibrahim, stated,” We are glad that SkyeChip has chosen to mate with us, and we think our expenditure will help SkyeChip grow and help it grow.”
