not due to forex loss, steven. High cogs and reason given was higher headcount of engineers from 250+ to 290+. If that is the case, then, oppstar cogs will be higher over the next 3 years as it was mentioned in the IPO docs that ~50M capital raised from the IPO will be used to hire more engineers over the next 3 years; hiring of ~280 engineers/technicians

Lol, peng... That's aggressive :) The thing is this - hiring engineers is good and someone got to lead them to generate IPs. and IPs takes time - from filling to being awarded the IP. Easily 3 years from start to the date being awarded the IPs. and IPs means company can monetize it different ways. For now, Oppstar can only depends on limited scope within the IC design segments.