Catalysing Malaysia’s Semiconductor Future: MIDA, FMM & Bintang Capital Sign Landmark MoU

The Malaysian Investment Development Authority (“MIDA”) led by CEO Datuk Sikh Shamsul Ibrahim, the Federation of Malaysian Manufacturers ("FMM") led by President Tan Sri Soh Thian Lai, and Bintang Capital Partners (“Bintang”) led by CEO Johan Rozali-Wathooth, have signed a landmark tripartite Memorandum of Understanding (“MoU”) to drive growth, innovation, and impact within Malaysia’s semiconductor industry in line with MIDA’s localisation and internationalisation initiatives as well as in support of FMM’s aspiration of cultivating 100 IPO-ready companies within five years.

At the heart of this collaboration is the Bintang Semiconductor Impact Fund I (“BSIF I”), the world’s first impact-focused semiconductor fund. BSIF I comes as a result of the collaboration between Bintang and three Venture Partners — Dato’ Hooi Kiang Ooi, Ms. Lim Bee Vian, and Dr. Siew Mui Kong — who bring decades of deep industry insights and experience across the technology and manufacturing industries, as well as in national policy formulation, complemented by strong management and corporate skills.

BSIF I will invest in companies within and around the semiconductor value chain, including advanced manufacturing and automation, with a strong emphasis on carbon transition, women's leadership, and adoption of globally recognised impact standards namely the B Corp certification by B Lab, to advance industry-wide best practices in terms of impact, sustainability, and governance.

This initiative supports Malaysia’s National Semiconductor Strategy (“NSS”) goals and aims to equip SMEs with the resources, networks, and expertise needed to achieve business growth and IPO aspirations. 

Bringing together MIDA’s deep policy expertise, FMM’s extensive manufacturing network, and Bintang’s impact expertise, the collaboration sets the stage for the evolution of a vibrant, resilient, and globally competitive semiconductor ecosystem.

Discover more in our press releases:

The Edge Malaysia: https://lnkd.in/gb-un5qq 

Bernama: https://lnkd.in/g8E9ri4C