Elsoft Research

What Elsoft Research does

Elsoft Research Berhad is a Malaysia-listed automated test equipment (ATE) company headquartered in Penang, serving the semiconductor, optoelectronics, and automation industries. The company designs and manufactures precision testing and fabrication equipment, with a current strategic emphasis on metalens manufacturing systems. Its product portfolio comprises three equipment families — a 12-inch Direct Laser Writer platform for high-volume metalens fabrication, wafer-level automatic metalens testers, and metalens module assembly and test systems — supporting wavelengths from visible (425-630nm) through infrared (740-940nm) to short-wave infrared (1245-1310nm). The 12-inch large-format capability positions the equipment for next-generation semiconductor optics manufacturing.

The company generates revenue primarily through hardware sales of automated test and fabrication equipment to semiconductor foundries and optics manufacturers under a B2B enterprise sales model with quote-based pricing that is not publicly disclosed. Go-to-market is driven by direct enterprise sales and strategic partnerships, with current active discussions targeting potential foundry customers in the United States, Japan, and Europe. Marketing and demand generation rely on partnership announcements and industry PR rather than traditional channels. The company's co-founded leadership includes Cheik Tan (CEO), with co-founders Tan Lek, Koay Chiew, and Tan Jiew serving as directors; the organization employs between 51 and 100 people.

In July 2026, Elsoft entered a strategic partnership with Singapore-listed MetaOptics Ltd to co-develop and mass-produce the three metalens equipment families, combining MetaOptics' metalens design expertise with Elsoft's ATE manufacturing capabilities. The partnership is intended to shorten development cycles, improve production yields, and accelerate the path from prototyping to commercial-scale metalens production. The announcement explicitly states the partnership is not expected to materially impact either company's net tangible assets or earnings per share for the current financial year, indicating that the commercial ramp remains forward-looking rather than a present revenue contributor.

Name

Elsoft Research

Legal name

Elsoft Research Berhad

Website

https://elsoftresearch.com/

Company type

Public

Operating status

Operating

Headcount range

51–100 employees

Short description

Elsoft Research Berhad is a Malaysia-listed automated test equipment company specializing in precision ATE for the semiconductor and optoelectronics industries, with a strategic focus on 12-inch metalens fabrication, wafer-level testing, and module assembly equipment developed in partnership with MetaOptics Ltd.

Ownership category

akta.pro rank

Product category

Semiconductor Test Equipment

NAICS

Semiconductor Machinery Manufacturing (333242), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Test, Probe & Burn-In Equipment (Wafer Sort/Final Test) (HDAHAEAJ)

akta.pro secondary industries

Metrology, Inspection & Process Control Equipment (HDAHAEAH), Foundry Platform & Design Enablement Services (PDK/DFM/Process Qualification) (HDAHACAJ)

Keywords

• Automated test equipment
• Semiconductor test equipment
• Metalens fabrication equipment
• Wafer-level testing systems
• Optoelectronics manufacturing equipment

Headquarters

HQ city

Penang

HQ country

Malaysia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Automated Test Equipment Manufacturing: Elsoft Research generates revenue through the design, development, and manufacturing of automated test equipment for the semiconductor industry. The company extends its precision equipment manufacturing capabilities into the fast-growing metalens market through strategic partnerships, selling fabrication and testing equipment to semiconductor foundries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Elsoft Research designs, develops, and manufactures automated test equipment (ATE) and precision fabrication systems primarily for the semiconductor and optoelectronics industries. Its core product portfolio centers on three metalens-related equipment families: a 12-inch Direct Laser Writer Platform for high-volume precision laser writing, Wafer-Level Automatic Metalens Testers for inspection and quality verification, and Metalens Module Assembly and Test Systems for integrated module production. The equipment supports metalens manufacturing across visible (425-630nm), near-infrared (740-940nm), and short-wave infrared (1245-1310nm) wavelengths.

Product overview

Elsoft Research Berhad is a Malaysia-listed automated test equipment (ATE) company specializing in precision manufacturing and testing solutions for the semiconductor industry. The company provides wafer-level automatic testers, module assembly systems, and fabrication equipment for metalens manufacturing. Elsoft's product portfolio centers on automated test equipment with particular expertise in precision optical testing capabilities, including testers for visible, infrared, and short-wave infrared wavelengths.

Differentiator

Problem solved

Functional benefit

Products and services

• 12-inch Direct Laser Writer Platform

Quantifiable outcome

• Shortened development cycles and improved production yields expected from the partnership
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• MetaOptics LtdcoreStrategic or Co-development Partner · 30 July 2026MetaOptics Ltd, a Singapore-listed semiconductor optics company, and Elsoft Research Berhad, a Malaysia-listed automated test equipment company, have entered a strategic partnership to co-develop and mass produce next-generation 12-inch metalens fabrication equipment. The collaboration covers three equipment families: a 12-inch Direct Laser Writer platform, wafer-level automatic metalens testers, and a metalens module assembly and test system. The partnership combines MetaOptics' metalens design expertise with Elsoft's automated test equipment manufacturing capabilities to address the forecasted multi-billion-dollar growth in the metalens market. Both companies expect shortened development cycles, improved production yields, and accelerated path from prototyping to mass production. The companies are currently in discussions with potential foundry customers in the United States, Japan, and Europe. The partnership is not expected to materially impact either company's net tangible assets or earnings per share for the current financial year.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Advantest Corporation: Japanese-headquartered global leader in automated test equipment (ATE) for the semiconductor industry. Advantest is the closest direct peer to Elsoft Research given overlapping core competency in semiconductor test, though at vastly greater scale and broader product breadth.
• Teradyne: US-based major supplier of semiconductor automated test equipment serving wafer sort and final test applications. Teradyne competes directly in the same ATE category Elsoft operates in, with stronger market position but less specialization in metalens/optics-specific test.
• Chroma ATE Inc. Taiwan-based manufacturer of automated test and measurement instruments for semiconductors, optoelectronics, and display industries. Chroma is a direct peer given overlapping ATE focus and Asia-Pacific semiconductor customer base similar to Elsoft's target market.
• Cohu, Inc. US-based supplier of semiconductor test handlers, test contactors, and ATE-related equipment. Cohu is a direct peer in the semiconductor test equipment value chain serving similar foundry and OSAT customers as Elsoft.
• Lasertec Corporation: Japan-based specialist in semiconductor inspection and metrology equipment, particularly for advanced lithography masks. Lasertec is comparable to Elsoft in optical/wavelength-based semiconductor inspection and serves the same precision semiconductor manufacturing customer base in Japan.
• Camtek Ltd. Israel-based manufacturer of inspection and metrology equipment for the semiconductor industry, including wafer-level inspection systems. Camtek is comparable to Elsoft's wafer-level metalens testers in the wafer inspection equipment category serving global semiconductor fabs.
• Onto Innovation Inc. US-based supplier of process control, inspection, and metrology solutions for semiconductor and adjacent industries. Onto Innovation is comparable to Elsoft in optical inspection and wafer-level metrology, addressing similar advanced-node semiconductor manufacturing customers.
• Heidelberg Instruments Mikrotechnik: Germany-based manufacturer of maskless direct laser writing and lithography systems for micro- and nano-fabrication. Heidelberg Instruments is the closest peer to Elsoft's 12-inch Direct Laser Writer platform given overlapping direct-write laser technology and similar photonics/optics customer base.

Broad incumbents

• KLA Corporation: US-based dominant supplier of process control, yield management, and inspection/metrology equipment for the semiconductor industry. KLA is a broad incumbent covering the same inspection/process-control category Elsoft competes in, but with much wider product breadth and customer reach.
• SÜSS MicroTec SE: Germany-based supplier of equipment for semiconductor backend processing including lithography, bonding, and inspection. SÜSS MicroTec is a broad incumbent in semiconductor manufacturing equipment, with overlapping process-equipment competencies and European customer access relevant to Elsoft's European expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elsoft-research-bhd

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elsoft Research