FEC Inc., a Japanese company, has developed the world's first multiband RFID chip. It has the capacity to operate at different frequencies which means it can be used in Europe, the United States and Japan, each of which has different RFID standards.

Dubbed the Malaysia Microchip project, the Malaysian government backed the project and owns the intellectual property of the chip.

Not much bigger than a speck of dust at 0.25sq mm, the chip is also the world's smallest chip with a built-in antenna and read/write capabilities.