SkyeChip Bhd shares edged lower on Thursday as investors weighed the semiconductor designer’s growth prospects against its relatively high valuation, with the stock trading at RM3.05 as of 4.03pm.
The technology counter fell RM0.01 or 0.33% from its previous close of RM3.06. It opened at RM3.06 and moved between an intraday high of RM3.11 and a low of RM3.03, with 61,681 lots changing hands.
The stock’s performance comes after CIMB Securities highlighted SkyeChip’s positioning to benefit from growing global demand for AI semiconductors and next-generation computing technologies.
The research house said SkyeChip’s silicon intellectual property and custom application-specific integrated circuit design capabilities give it exposure to areas including high-bandwidth memory interfaces, Network-on-Chip architectures and die-to-die interface technology.
SkyeChip generates revenue mainly through licensing its intellectual property, alongside engineering and design fees from customised ASIC projects.
CIMB Securities also pointed to the company’s expanding ecosystem partnerships, including access to Advanced Semiconductor Engineering, one of the world’s largest outsourced semiconductor assembly and test providers. The partnership could support SkyeChip’s work in advanced packaging as the industry increasingly adopts chiplet architectures.
The company is also involved with JEDEC, the global microelectronics standards body, giving it a role in the development of specifications for memory technologies including LPDDR and HBM.
Despite the growth opportunities, valuation remains a consideration for investors. CIMB Securities said SkyeChip was trading at about 65 times calendar year 2027 earnings, based on Bloomberg consensus estimates, with the premium valuation supported by expectations of 32% earnings growth in CY2027.
As of Thursday’s close, SkyeChip remained just above the RM3 level, with buying volume at 2,446 lots against selling volume of 881 lots.
