KUALA LUMPUR (April 28): The Malaysian Investment Development Authority (Mida) is working together with the Federation of Malaysian Manufacturers (FMM) and private equity firm Bintang Capital Partners to introduce the Bintang Semiconductor Impact Fund I (BSIF I), which aims to strengthen the domestic semiconductor value chain while preparing companies for potential initial public offerings (IPOs).
BSIF I is designed to future-proof the domestic semiconductor sector by addressing social and environmental opportunities within the sector. The fund will concentrate on investments within and adjacent to the semiconductor value chain, including high-technology manufacturing and automation sectors. The fund also emphasises promoting carbon transition initiatives and career development opportunities for women, adhering to global B Corp certification standards.
The three parties signed a memorandum of understanding for the collaboration on April 16, according to a joint statement from them on Monday.
“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,” said Mida chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid in the statement.
Sikh Shamsul said the collaboration would elevate Malaysia as a trusted global semiconductor hub by focusing on developing world-class capabilities and attracting premium investments in the sector.
FMM president Tan Sri Soh Thian Lai said the initiative would enable local businesses to access funding opportunities and adopt best practices in governance and sustainability.
“This aligns with FMM’s aspiration to cultivate 100 IPO-ready companies within the next five years. Helping companies become IPO-ready and granting them access to financing are crucial steps in enabling their growth," Soh said.
Bintang Capital CEO Johan Rozali-Wathooth said the collaboration integrates investment expertise, policy support, and manufacturing networks to build a responsible, high-technology manufacturing ecosystem in Malaysia.
“As the saying goes, it takes a village to raise a child — the collaboration between Bintang Capital, Mida and FMM brings together three critical elements needed to ‘raise’ a vibrant and sustainable high technology manufacturing industry,” Johan said.
This partnership is also in line with Malaysia’s National Semiconductor Strategy, as it targets the development of a robust domestic semiconductor ecosystem and the growth of local small and medium enterprises, the statement read.