The Penang State Government has committed up to RM50 million through the Strategic Technology Fund to help promising Malaysian semiconductor companies move from incubation to commercialisation and scale; and compete in global markets, recognising that capital is key to growth.

Announced at KL20@Penang 2026 – Silicon Surge, the Fund reinforces a shared ambition to move from “Made in Malaysia” to “Made by Malaysia”— developing capabilities, building intellectual property and enabling Malaysian companies to take their technologies to the world.