Kuala Lumpur (VNA) – The Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturing (FMM), and Bintang Capital Partners (Bintang Capital) on April 28 announced a landmark Memorandum of Understanding (MoU) signed recently regarding the establishment of the Bintang Semiconductor Impact Fund I (BSIF I).
The fund is designed to revolutionise Malaysia’s semiconductor industry while promoting sustainable practices and social impact.
MIDA CEO Abdul Majid emphasised the importance of the collaboration, stating that this transformative partnership marks a pivotal moment in Malaysia’s semiconductor journey.
By combining MIDA’s strategic oversight, FMM’s extensive industry network, and Bintang Capital’s financial expertise, Malaysia is creating a powerful ecosystem that will elevate local companies to global standards.
FMM President Tan Sri Soh Thian Lai said that the BSIF I will enable local businesses to enhance their capabilities, tap into funding opportunities, and adopt best practices in governance and sustainability.
He emphasised that the partnership aligns perfectly with Malaysia’s 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.
BSIF I will target investments in companies within and adjacent to the semiconductor value chain, including high-tech manufacturing and automation. The fund emphasises carbon transition initiatives and promotes career development opportunities for women, while adhering to global B Corp certification standards./.
