The Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturing (FMM), and Bintang Capital Partners (Bintang Capital) have teamed up to launch innovative fund to strengthen Malaysia’s semiconductor ecosystem and drive sustainable growth.
The trio said in a statement on Monday that they have joined forces through memorandum of understanding (MoU). This strategic alliance introduces the Bintang Semiconductor Impact Fund I (BSIF I), designed to revolutionize Malaysia’s semiconductor industry while promoting sustainable practices and social impact.
The BSIF I aimed at future-proofing Malaysia’s semiconductor industry by addressing both social and environmental opportunities within the sector.
The partnership also aligns 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.
The fund will target investments in companies within and adjacent to the
semiconductor value chain, including high-tech manufacturing and automation.
It emphasizes carbon transition initiatives and promotes career development
opportunities for women, while adhering to global B Corp certification standards.
MIDA chief executive officer Sikh Shamsul Ibrahim Sikh Abdul Majid emphasized the importance of the collaboration.
“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, we’re creating a powerful ecosystem that will elevate local companies to global standards,” he said.
According to him, their 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 added.
Meanwhile, FMM President Soh Thian Lai said that as the voice of the manufacturing sector, the association is pleased to support this initiative, which will enable local businesses to enhance their capabilities, tap into funding opportunities, and adopt best practices in governance and sustainability. and at the same time, aligns with FMM’s ambitious aspiration to cultivate 100 initial public offering (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 FMM is dedicated to assisting SMEs in their journey to expand and thrive,
“By supporting these promising enterprises, FMM aims to strengthen Malaysia’s manufacturing landscape, driving innovation and competitiveness across the region,” he added.
Bintang Capital Chief Executive Officer Johan Rozali-Wathooth said that the collaboration is needed to raise a vibrant and sustainable high technology manufacturing industry.
According to him, the collaboration combines Bintang Capital’s investment and impact track record, MIDA’s deep policy expertise, and FMM’s extensive networks within Malaysia’s manufacturing sector.
“On the impact front, Bintang Capital is a passionate advocate for building companies which represent the very best ideals of responsible capitalism: companies which meet the highest standards of governance and ethicality as represented by B Corp Certification, that also promote and support the empowerment of women, and who also champion environmentally sustainability,
“Our success will put Malaysia on the global map in terms of having a highly differentiated and impactful high-technology manufacturing ecosystem,” he added.
MIDA inks deal with Softbank’s ARM to boost Malaysia’s semiconductor industry