Key ASIC Berhad has reaffirmed its strong position in the global Artificial Intelligence (AI) and semiconductor markets following its Annual General Meeting (AGM), highlighting a robust turnaround in financial performance and significant milestones in product development and intellectual property (IP) expansion.
The Malaysian fabless semiconductor company reported a 26% quarter-on-quarter revenue growth, rising from RM4.80 million in Q4 FY2025 to RM6.04 million in Q1 FY2026, driven by repeat AI ASIC shipments and higher design service billings. On a year-on-year basis, revenue surged 60%, underscoring the company’s accelerating momentum amid growing global AI demand.
Key ASIC also recorded continued narrowing of operating losses on the back of stronger gross margins and disciplined cost management.
Among its key accomplishments in FY2025–FY2026, Key ASIC secured repeat AI ASIC orders for edge and medical AI applications, clinched a multi-year RM10 million ASIC design services contract, and expanded its patent portfolio to 21 granted and 19 pending globally.
The company also introduced several new high-value IP blocks — including Phase-Locked Loops (PLLs) and DDRx memory interface IPs — across advanced semiconductor nodes from 28/22nm down to 5nm, strengthening its competitiveness in high-performance, low-power chip design.
Executive Chairman and CEO Eg Kah Yee described FY2025 as a “major turning point” for the company.
“We have transformed from a technology development company into a commercially scaling AI solutions provider,” Eg said. “Our 21 granted patents and 19 pending approvals in AI, IoT, and chip design form the technological backbone of our next-generation ASICs. With repeat customer orders and a strong design services pipeline, we are entering a phase of sustainable growth aligned with the global AI wave.”
Eg added that Key ASIC’s unique position as one of the few regional companies with full-stack ASIC and AI IP capabilities allows it to capture opportunities across industries including medical diagnostics, smart cities, automotive, and industrial automation.
The Board noted that global AI semiconductor spending is projected to expand by over 30% annually, fueled by edge computing, generative AI, and connected devices.
Key ASIC expects continued revenue growth supported by a solid order pipeline, commercialization of new low-power AI chips, expansion into advanced nodes, and collaborations in medical AI and industrial automation across Asia and North America.
The company remains focused on improving margins, scaling production, and unlocking the full commercial value of its IP assets as it rides the momentum of the global AI revolution.
