Key ASIC
Key ASIC Berhad is a fabless semiconductor design house listed on Bursa Malaysia that provides turnkey ASIC/SoC design services, silicon-proven IP, edge AI accelerators, and IoT-enabler products (Mcard, Mdrive) to medical, industrial, automotive, and consumer electronics customers.
- Company typePublic
- Founded2006
- HeadquartersHsinchu, Taiwan
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Key ASIC does
Key ASIC Berhad is a Malaysia-headquartered, fabless semiconductor design house founded in 2006 and listed on the Mainboard of Bursa Malaysia (ticker: 0143). The company provides turnkey ASIC/SoC design services spanning process nodes from 0.25um to 6nm, supported by a portfolio of more than 150 silicon-proven IPs (fundamental, analog, interface, and SoC building blocks), 21 granted international patents, and ISO 9001 and ISO 13485 quality certifications. Its core product ecosystem includes the SPG101 IoT SoC (ARM926EJS core, Linux/RTOS-capable), the ORAMA dual-core edge AI accelerator (16 GFLOPS), and the EXYPNOS 16-core AI+IoT SoC (512 GFLOPS, PCIe 2.0 interface), sold through direct enterprise sales and channel partners including Samsung's SAFE ecosystem, ASE, and OSE for packaging turnkey.
Beyond silicon IP, Key ASIC sells application-level products that consume its own chips: Mcard (a Wi-Fi-enabled SD card IoT enabler), Mdrive (a Wi-Fi USB drive), the KeyPATH AI pathologist (97% accuracy on cancer cell recognition), the RYC personal mobile EMR device (patented in six jurisdictions), and integration with the UCrest imedic Digital Hospital cloud platform. Recent disclosed contract wins include a RM13.1M AI chip design deal (2024), a RM2.088M repeat AI ASIC order (October 2025), and a RM1.11M joint development contract with a Middle East navigation systems partner for an AI-driven ultra-low power RF navigation chip (September 2025, tape-out scheduled Q3 2026).
The business operates through five revenue streams — ASIC design services (professional services, quote-based, multi-year contracts), IoT hardware product sales (Mcard, Mdrive), IP licensing and royalties, AI chip product sales (ORAMA, EXYPNOS), and subscription-based cloud services — targeting medical/healthcare, semiconductor, industrial/IoT, automotive/navigation, and consumer electronics verticals across Malaysia, Taiwan, Japan, Singapore, the Middle East, and other global markets. Pricing is opaque, with all engagements on a custom-quote basis, and customer concentration is moderate given a small number of sizable enterprise contracts relative to undisclosed recurring revenue.
Key ASIC firmographics
Firmographics- Name
- Key ASIC
- Legal name
- Key ASIC Berhad
- Website
- https://keyasic.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Key ASIC Berhad is a fabless semiconductor design house listed on Bursa Malaysia that provides turnkey ASIC/SoC design services, silicon-proven IP, edge AI accelerators, and IoT-enabler products (Mcard, Mdrive) to medical, industrial, automotive, and consumer electronics customers.
- Ownership category
- akta.pro rank
Key ASIC industry classification
Industry- Product category
- Semiconductor Design Services
- NAICS
- Computer Systems Design Services (541512), Computer Systems Design and Related Services (5415), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)
- SIC
- Services-Computer Integrated Systems Design (7373), Electronic Computers (3571), Electromedical & Electrotherapeutic Apparatus (3845)
- akta.pro primary industry
- Custom & Application-Specific ASIC Design Services (HDAHABAJ)
- akta.pro secondary industries
- Design Services & ASIC/SoC Implementation (EDA-Adjacent) (HDAHAFAL), IP Enablement, Characterization & Porting Services (HDAHAFAI), Embedded & Industrial Network Interfaces (PCIe/M.2/SOM/SoC NICs) (HDAFAEAI)
Keywords
Where Key ASIC is headquartered
LocationHeadquarters
- HQ city
- Hsinchu
- HQ country
- Taiwan
- HQ region
- Asia
Offices2 records
Markets served
Key ASIC business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain, Others
Revenue model
- ASIC Design Services: Providing comprehensive ASIC/SoC/IoT/AI processor design services from specification to production. Services include chip architecture design, RTL coding, DFT, place & route, and production management. Revenue generated through project fees and per-design contracts.
- IoT Hardware Products: Sale of IoT enabler products including Mcard (Wi-Fi SD card) and Mdrive (Wi-Fi USB drive). One-time hardware sales with varying volumes based on customer deployments in medical, industrial, and consumer electronics sectors.
- IP Licensing: Licensing of proprietary IP blocks including USB, DDR, PCIe, audio/video codecs, and interface IPs to semiconductor companies. Revenue generated through licensing fees and royalties.
- AI Chip Products: Sale of proprietary AI chips (ORAMA, EXYPNOS) and development boards for edge AI applications. Repeat orders from enterprise customers for AI accelerator products deployed in HPC, industrial automation, and medical technology.
- Cloud Services: Subscription-based cloud services for IoT data connectivity and medical platforms including imedic Digital Hospital integration.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom ASIC Design Services - Quote-based pricing |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels5 records
Key ASIC product offering
Product offeringCore offering
Key ASIC is a fabless semiconductor design house that provides turnkey ASIC/SoC/IoT/AI chip design services from 0.25um to 6nm process nodes, licenses over 150 silicon-proven IPs, and sells proprietary IoT enabler products (Mcard, Mdrive), AI accelerators (ORAMA, EXYPNOS), and edge AI medical solutions (KeyPATH, RYC, imedic). The company delivers chips, modules, design IP, and complete design-to-production services to semiconductor, medical, industrial, automotive, and consumer electronics customers.
Product overview
KeyASIC operates as a fabless semiconductor design company offering a comprehensive portfolio spanning IoT enablement hardware, AI accelerators, ASIC design services, and IP licensing. The core product ecosystem includes: Mcard and Mdrive (IoT enabler products that plug into SD slots or USB ports to add Wi-Fi/cloud connectivity); SPG101 SoC (ARM-based chip serving as the foundation for IoT applications); ORAMA and EXYPNOS AI ASICs for edge inference; KeyPATH AI pathologist for cancer cell recognition; RYC mobile EMR device; and the imedic digital hospital cloud platform. The company provides turnkey ASIC/SoC design services from specification to mass production, and licenses a broad IP portfolio including interface IPs, processor cores, and analog IP. The digital ecosystem covers Digital Health (KeyPATH, RYC, imedic, Mcard, Mdrive), Digital City (IoT and AI enablers for smart city), and Digital Home (IoT enablers for smart home).
Differentiator
Problem solved
Functional benefit
Brands
- Mcard: Wi-Fi enabled SD card IoT enabler that converts devices with SD slots into IoT devices. Contains built-in CPU and Wi-Fi module within standard SD card form factor.
- Mdrive
- KeyPATH
- RYC
- imedic
- ORAMA
- EXYPNOS
- C2D2
- SPG101
- SYnexis
Products and services
- Mcard SD memory card with built-in wireless LAN and web server containing SPG101 SoC. Allows any device with SD slot to connect to internet or cloud via built-in Wi-Fi. Industry class NAND flash storage device functioning as embedded Linux computer.
- Mdrive USB drive with built-in wireless LAN and web server containing SPG101 SoC. Enables any USB-connected device to become an IoT device with direct internet/cloud connectivity via built-in Wi-Fi. Functions as Wi-Fi mobile storage and personal mobile cloud.
- SPG101 IoT SoC State-of-the-art System-On-Chip with ARM926EJS core capable of running Linux Kernel and RTOS. Integrates many peripherals and interfaces with built-in memory, supports external memory via SD bus and external I/O via SDIO bus. Used as main application MCU connecting IoT sensors with wireless connectivity and AI accelerators.
- ORAMA AI Accelerator Purposefully-built AI ASIC for running inference at the edge. Highly edge-optimized dual-core AI accelerator with capability of 16 GFLOPS. Offers comprehensive peripheral interfaces including USB2.0, SPI, UART, and GPIO.
- EXYPNOS AI SoC Powerful combination of IoT-and-AI-into-one SoC running on ARM-based CPU with 16 cores and 512 GFLOPS capability. Designed with high-speed PCIe2.0 interface for high-end applications.
- KeyPATH AI Pathology System AI Pathologist designed for recognition of all types of cancer cells. Achieves 97% accuracy analyzing every cell in samples. Capable of recognizing millions of cells per minute. Features dedicated high-speed AI chip with 32GB flash memory and seamless connectivity to imedic cloud.
- RYC Intelligent Personal Mobile EMR Intelligent Personal Mobile EMR device that transfers electronic medical records from clinic or hospital as USB drive, automatically transmitting to imedic cloud. Features 32GB high-speed flash memory and high-speed Wi-Fi. Patented in USA, China, Japan, Taiwan, South Korea, and Singapore.
- imedic Digital Hospital Platform Leading Digital Hospital platform incorporating digitalization for online medical consultation, prescription, medical devices, insurance, pharmacy, and complete EMR in the cloud. Partners with KeyASIC's RYC for personal medical records.
- IoT Development Kit Comprehensive development kit for prototyping and design-in of ARM processor-based applications. Built around SPG101 SoC with 8MB NOR flash, SD slot for external memory up to 32GB, and Atheros AR6005 Wi-Fi chip. Includes complete SDK with Linux Kernel, toolchain, bootloader, and documentation.
- ASIC/SoC Turnkey Design Services Comprehensive ASIC/SoC/IoT/AI processor design services covering full design cycle from concept to mass production. Services include FPGA-to-ASIC conversion, chip architecture design, RTL coding, DFT, automated place and route, and IP hardening. Experience from 0.25um to 6nm process technology.
- Design IP Portfolio Comprehensive IP portfolio including Standard Cell Library, SRAM/ROM compilers, PLLs, DLLs, audio codecs, ADCs/DACs, USB 2.0/3.0 PHYs, Ethernet MAC/PHY, DDR I/II/III/IV controllers, PCIe Gen3/Gen4 PHYs, and various interface IPs. Silicon-proven across various foundries and technology nodes.
- System Design Services Electronic and embedded system design services combining hardware and software components. Services include schematic entry, timing analysis, netlist generation, board layout, VHDL/Verilog coding, product engineering and fabrication. Serves telecommunication, healthcare, automotive, and defense industries.
Quantifiable outcome
- 97% accuracy in AI pathology for cancer cell recognition
- +5 more outcomes
Companies that use Key ASIC
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Key ASIC technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature9 records
Key ASIC partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- Middle East Navigation Systems CompanycoreRM1.11 million contract to jointly develop AI-driven ultra-low power RF navigation chip for automotive, IoT, and industrial automation applications. Chip scheduled for tape-out in Q3 2026.
- Samsung Advanced Foundry Ecosystem (SAFE)flagshipKey ASIC participates as technology partner in Samsung SAFE events, showcasing library and memory compiler technologies, high-speed PHY IPs, and ASIC design services in advanced nodes.
- UCrest (imedic Digital Hospital)coreKey ASIC partners with UCrest for the imedic Digital Hospital platform integration. KeyPATH AI pathology system connects to imedic cloud for digital hospital services. RYC EMR device automatically transmits records to imedic cloud platform.
- NSW JapancoreCollaboration agreement signed with NSW Japan for joint development and market expansion in the Japanese market.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Key ASIC competitors and assessment
Company assessmentBroad incumbents
- Synopsys: Synopsys is the dominant EDA and semiconductor IP provider with a DesignWare IP portfolio spanning USB, PCIe, DDR, and processor cores. Comparable to Key ASIC's IP licensing and ASIC/SoC design enablement offerings, but at vastly greater scale and breadth.
- MediaTek: MediaTek is a leading fabless semiconductor company developing SoCs for IoT, AI edge, and consumer electronics. Comparable in fabless model and overlapping focus on IoT and edge AI silicon, though operating at substantially larger scale and broader portfolio.
- Arm Holdings: Arm licenses processor IP (including ARM926EJS-class cores used by Key ASIC's SPG101 SoC) and increasingly system IP for AI/IoT. Comparable IP licensing model and customer base (fabless semiconductor companies), though Arm operates at vastly greater scale.
- SST (Silicon Storage Technology / Microchip): Microchip (via SST) provides embedded flash memory, MCU, and IP solutions used in IoT and edge devices. Comparable in serving IoT and embedded silicon markets with IP and chip products, though at much larger scale and broader portfolio than Key ASIC's SPG101/Mcard/Mdrive ecosystem.
- Cadence Design Systems: Cadence provides EDA tools, design IP, and system design services used in ASIC/SoC development. Overlaps with Key ASIC's design services and IP portfolio, serving similar semiconductor and system customers but with a much broader portfolio.
Direct peers
- CEVA, Inc. CEVA licenses processor and AI IP (DSP, neural network, wireless) to semiconductor and IoT companies. Directly comparable in IP licensing business model targeting edge AI, audio, and connectivity use cases similar to Key ASIC's IP portfolio and AI accelerator strategy.
- VeriSilicon: VeriSilicon is a comparable fabless semiconductor IP and ASIC design services company offering custom silicon and IP licensing across multiple foundries and nodes. Highly comparable to Key ASIC's ASIC turnkey services, IP licensing model, and process-node breadth.
- Faraday Technology: Faraday Technology is a fabless ASIC design service and IP provider offering turnkey ASIC/SoC development from spec to production. Directly comparable in business model, customer base (semiconductor and system companies), and IP licensing approach.
- Hailo: Hailo develops edge AI accelerators optimized for inference at the edge across automotive, industrial, and IoT segments. Directly comparable to Key ASIC's ORAMA edge AI accelerator in product positioning, target customers, and performance-per-watt optimization strategy.
- Ambarella: Ambarella designs edge AI SoCs for computer vision and video processing in security, automotive, and consumer applications. Comparable in targeting edge inference at low power with proprietary AI silicon, similar in scale and market focus to Key ASIC's ORAMA/EXYPNOS products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Key ASIC social profiles
Digital presenceKey ASIC compliance and trust
Trust signalCompliance3 records
Key ASIC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Key ASIC leadership team
Management profileNumber of profiles
Profiles2 records
Key ASIC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Key ASIC M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Key ASIC
What does Key ASIC do?
Key ASIC is a fabless semiconductor design house that provides turnkey ASIC/SoC/IoT/AI chip design services from 0.25um to 6nm process nodes, licenses over 150 silicon-proven IPs, and sells proprietary IoT enabler products (Mcard, Mdrive), AI accelerators (ORAMA, EXYPNOS), and edge AI medical solutions (KeyPATH, RYC, imedic). The company delivers chips, modules, design IP, and complete design-to-production services to semiconductor, medical, industrial, automotive, and consumer electronics customers.
Is Key ASIC a public or private company?
Key ASIC is a public company. It is classified as public and is currently operating.
When was Key ASIC founded?
Key ASIC was founded in 2006. It employs 51 to 100 people.
Where is Key ASIC based?
Key ASIC is headquartered in Hsinchu, Taiwan, in the Asia region.
How does Key ASIC make money?
Five revenue lines are on record. ASIC Design Services are the primary driver. The others are ioT Hardware Products, IP Licensing, AI Chip Products and cloud Services.
Who are Key ASIC's main competitors?
Broad incumbents on record are Synopsys, MediaTek, Arm Holdings, SST (Silicon Storage Technology / Microchip) and Cadence Design Systems. Direct peers are CEVA, Inc., VeriSilicon, Faraday Technology, Hailo and Ambarella.
Does Key ASIC have an API?
No public API is recorded for Key ASIC.
What industry is Key ASIC in?
Key ASIC's product category is Semiconductor Design Services. Its primary akta.pro industry code is HDAHABAJ, Custom & Application-Specific ASIC Design Services, with a secondary code of HDAHAFAL, Design Services & ASIC/SoC Implementation (EDA-Adjacent). Its NAICS code is 541512 and its SIC code is 7373.