(Kuala Lumpur, 1 April, 2021) UCrest and KeyASIC jointly announced today that they have held meetings and discussions with the Government of ShanXi Province and the City Government of TaiYuan on the digitalization of the healthcare industry and the development of semiconductor industry of the province at TaiYuan, the state capital of ShanXi Province. ShanXi has about 38 million people and the GPD of ShanXi is approximately 2.6 trillion Yuan in 2019. TaiYuan is also known as “dragon city” as it has produced 15 emperors inthe history of China.


The digitalization of healthcare industry will be leveraging on both companies’ Internet of Medical Things (IoMT) and Artificial Intelligence (AI) chips together with iMedic™ platform for digital healthcare to develop next generation of medical devices orequipment based on IOMT and AI chip technologies and deploy the telemedicine services province-wide, elevating the entire industry to the next level. The developmentof the semiconductor can be largely accelerated by the pool of silicon proven design IPs that KeyASIC current has.


In the working session held at the ShanXi Provincial Government office, the Secretary General of ShanXi Mr. Lou YangSheng expressed to the Chairman and CEO of KeyASIC and UCrest Mr. Eg Kah Yee and his delegation that the Secretary General of China, Mr. Xi JinPing has given the mission to ShanXi to take the lead in embarking onthe journey of transformation and development of the nation, insisting on proactive, comprehensive and in-depth transformation, strategically focusing on the breakthroughs in the emerging and next generation of technologies in digitalization ofthe economy. Chip design and digital health are two key areas of collaboration.


“We are profoundly astonished to see the speed of the transformation and development that ShanXi has achieved. The development roadmap is innovative and visionary. Weare actively engaging in the digitalization of the healthcare industry based on the IoT and AI chip technologies and the aggressive and leap frogging development plan of the semiconductor industry,” said Mr. Eg Kah Yee. “We expect to have stronger and deep collaboration in the near future,” he added.


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About Key ASIC:

Key ASIC Berhad (Stock Code: keyasic 0143) is a public listed company on Mainboard of Bursa Malaysia. It specializes design and manufacturing of IOT chips and system, connecting any electronics and non-electronic items to the Internet. MCard and MDrive are the IOT products currently shipping in the market. It also offers turnkey ASIC design service and SoC design and manufacturing. Its customers are largely in the US, Europe and Asia. It has offices in Malaysia and Taiwan.


About UCrest:

UCrest Berhad (Stock Code: ucrest 0005) is the leading mobile health platform developer and operator with its iMedic™ Cloud Hospital used by thousands of doctors and patients in the US, Russia, China and other Asian countries. iMedic™ is wirelessly connected to more than 20 different type of devices and it is powered by advanced Internet of Medical Things (IoMT) and Artificial Intelligence (AI) technologies capable of performing comprehensive analysis of the health data of the users to produce timely and accurate health information.