Malaysia's chip IPO hits 95x oversubscription as AI fever spreads
SkyeChip's IPO demand signals Asia wants its own NVIDIA proxies. The Penang-based chip designer drew 95x oversubscription for its public tranche, the largest retail demand since Petronas Chemicals in 2010. Malaysia's 2026 IPO proceeds are tracking toward $1.8 billion, the highest in 13 years, driven by tech listings and REIT spin-offs. Khazanah, EPF and other sovereign funds anchored the deal, betting on Malaysia's push to move beyond back-end semiconductor assembly into higher-value AI chip design. The frenzy mirrors Samsung's $1 trillion valuation spike as regional markets chase AI infrastructure plays.
Sources
- SkyeChip IPO oversubscribed 95 times — The Star
- Chip IPO highlights Malaysia deals — Business Times
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