Key ASIC announced that it has won four more turnkey design service contracts, 2 of which are from existing end customers and 2 are new customers, one of which is a Hong Kong-based customer. The total value of these four projects is RM16M over a three-year period, bringing the total value of multiple contracts to over RM70M since October 2022.
Turnkey ASIC design service is where Key ASIC provides licensing of IP blocks, engineering design services including but not limited to Place and Route (P&R), Timing Verification of the ASIC/SoC, Design Rules Checks/Electrical Rules Checks (DRC/ERC), Multi-Project Wafer (MPW) services, test program development for mass production of chips, and mass production including test and packaging of the chips. Typically, the shipment of mass production of chips will last at least three (3) or more years depending on the applications of the chips.
In addition to the Non-Recurring Engineering fees, the projects usually contribute to a multi-year revenue stream from the shipment of the wafers/chips.
