KUALA LUMPUR: Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturers (FMM) and Bintang Capital Partners have launched a fund to future-proof tge semiconductor industry with a strong focus on sustainability and inclusive growth.
The Bintang Semiconductor Impact Fund I (BSIF I), formalised through a tripartite memorandum of understanding (MoU), seeks to address both environmental and social opportunities within the semiconductor sector.
The fund will target investments in companies within and adjacent to the semiconductor value chain, including high-tech manufacturing and automation.
BSIF I emphasises carbon transition initiatives and promotes career development opportunities for women, while adhering to global B Corp certification standards.
MIDA chief executive officer (CEO) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the partnership creates a powerful ecosystem that will elevate local companies to global standards.
“Our focus is to develop world-class capabilities, attract premium investments and establish Malaysia as a trusted global semiconductor hub.
“This collaboration provides the perfect platform to nurture innovation, drive sustainable practices, and create lasting economic impact for our nation,” he said in a statement.
FMM president Tan Sri Soh Thian Lai said the fund will enable local businesses to enhance their capabilities, tap into funding opportunities and adopt best practices in governance and sustainability.
“At the same time, it aligns with FMM’s ambitious aspiration to cultivate 100 IPO-ready companies within five years. Helping companies become IPO-ready and granting them access to financing are crucial steps in enabling their growth.
The partnership aligns with the National Semiconductor Strategy (NSS) goals, focusing on developing local semiconductor capabilities and supporting SME growth.
Through BSIF I, the collaboration aims to strengthen the domestic semiconductor value chain while preparing companies for potential initial public offerings.
Bintang Capital CEO Johan Rozali-Wathooth said the collaboration brings together three critical elements needed to ‘raise’ a vibrant and sustainable high technology manufacturing industry.
“Our success will put Malaysia on the global map in terms of having a highly differentiated and impactful high-technology manufacturing ecosystem,” he added.
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