Key ASIC Berhad announced that Key ASIC had entered into two (2) ASIC design service contracts ("Contracts") with contract value total to over MYR 26 million over three (3) years period with P Company ("Customer"). Each contract consists of 2 parts, the Non-Recurring Engineering (NRE) fee that consists of IP licensing and design engineering fees, and the sales of the chips in mass production. One of the projects is the design of advanced System on Chip (SoC) using 28nm technology while the other chip is a high-end sensor using Micro-Electro- Mechanical Systems (MEMS) technology.
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