- Partnering with the Federation of Malaysian Manufacturing to detect encouraging SMEs
- Specific businesses within the & string that are close to the semicon worth chain that follow ecological practices.
The Bintang Semiconductor Impact Fund I ( BSIF I ), which is intended to support Malaysia’s semiconductor industry while encouraging sustainable practices and social impact, was signed by the Malaysian Investment Development Authority ( MIDA ), the Federation of Malaysian Manufacturing ( FMM), and Bintang Capital Partners ( Bintang Capital ). No economic information about the size of the MIDA bank was disclosed in the announcement.  ,
By addressing the sector’s social and environmental prospects, BSIF I aims to futureproof Malaysia’s semiconductor industry. It emphasizes investments in businesses along the semiconductor value chain, including technology and high-tech manufacturing. The bank places a premium on graphite transition initiatives and encourages career advancement opportunities for women while adhering to international B Corp accreditation standards.
The fund supports SME growth while preparing businesses for potential initial public offerings ( IPO ), and it aligns with Malaysia’s National Semiconductor Strategy ( NSS) objectives.
This revolutionary agreement marks a crucial moment in Malaysia’s semiconductor journey, according to Sikh Shamsul Ibrahim, CEO of MIDA. We’re creating a strong ecosystem that will enhance local businesses to international standards by combining MIDA’s proper supervision, FMM’s substantial business network, and Bintang Capital’s economic expertise. Our goals are to create Malaysia as a reliable global silicon hub, get premium investments, and create world-class capabilities. This collaboration provides the ideal platform for fostering innovation, encouraging responsible practices, and making a long-lasting economic impact on our country.
It takes a community to raise a child, according to Johan Rozali-Wathooth, CEO of Bintang Capital. The cooperation between Bintang Capital, MIDA, and FMM brings up three essential components to “raise” a vivid and green high tech manufacturing industry. The partnership combines FMM’s extensive networks within Malaysia’s manufacturing sector, MIDA’s broad coverage experience, and Bintang Capital’s funding and effect track record.
Johan praises Bintang Capital as a fervent supporter of building companies that uphold the highest standards of governance and ethics as demonstrated by B Corp Certification, that also support and support the empowerment of women, and who also support environmental sustainability.
” Our success will put Malaysia on the global map in terms of having a highly specialized and influential high-technology manufacturing ecosystem,” he said.
As the voice of the manufacturing sector, FMM President Soh Thian Lai commented, “FMM is pleased to support this initiative, which will enable local businesses to increase their capabilities, access funding opportunities, and adopt best practices in governance and sustainability. The fund also supports FMM’s ambitious goal of developing 100 IPO-ready businesses in five years.
He continued, FMM’s goal is to strengthen Malaysia’s manufacturing landscape, while encouraging innovation and competitiveness across the region by supporting these promising enterprises.