{"id":38521,"date":"2025-08-27T15:43:45","date_gmt":"2025-08-27T07:43:45","guid":{"rendered":"https:\/\/investpenang.gov.my\/press-release-lift-off-with-psd5km-12-penang-based-ic-design-firms-take-flight-towards-global-markets\/"},"modified":"2025-11-28T10:50:03","modified_gmt":"2025-11-28T02:50:03","slug":"press-release-lift-off-with-psd5km-12-penang-based-ic-design-firms-take-flight-towards-global-markets","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/press-release-lift-off-with-psd5km-12-penang-based-ic-design-firms-take-flight-towards-global-markets\/","title":{"rendered":"[Press Release] Lift-Off with PSD@5KM+: 12 Penang-Based IC Design Firms Take Flight Towards Global Markets"},"content":{"rendered":"

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[Press Release] Lift-Off with PSD@5KM+: 12 Penang-Based IC Design Firms Take Flight Towards Global Markets<\/h1>\n

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27 August 2025<\/p>\n

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Click\u00a0here<\/a>\u00a0to view more photos<\/em><\/p>\n

The inaugural event brought together IC design companies, multinational corporations, and global investors to drive funding, business opportunities, and strategic collaborations. It also marked the launch of the InnoChamps with PSD@5km+, reinforcing Penang\u2019s role in advancing Malaysia further upstream in the semiconductor value chain.<\/em><\/strong><\/p>\n

PENANG, 27 AUGUST 2025 \u2013<\/strong> Penang marked a milestone today with the curated launch of Lift-Off with PSD@5KM+, an exclusive event connecting 12 Penang-based IC design companies with 6 Venture Capital (VC) and Private Equity (PE) firms, 3 government agencies\/government linked investment companies (GLICs) and over 30 multinational corporations (MNCs) to unlock funding, business opportunities, and strategic collaborations.<\/p>\n

Organised under the Penang Silicon Design @5KM+ (PSD@5KM+) initiative, the event provides a first-of-its-kind business matching platform aimed at connecting Penang\u2019s IC design startups with global investors and strategic partners. The programme aims to give startups direct connection to potential investors and partners, accelerating their path to funding, unlock market access, and explore global expansion.<\/p>\n

The participating IC design companies \u2014 Experior Technology, Filpal, Hanic, IC Carrier Technologies, Infinecs Systems, Oppstar, Silicon X, SkyeChip, Sophic Automation, Tenasic Technology, Tessolve Semiconductor and Walcomtech\u2014 represent Penang\u2019s rising strength in IC design, with solutions ranging from advanced chip architecture to specialised design services.<\/p>\n

The event was also joined by VC and PE firms including, Gobi Partners, Granite Asia, Qualgro Partners, Star Capital, Strategic Year and 500 Global; GLICs namely Khazanah and Malaysia Technology Development Corporation as well as global MNCs exploring collaborative opportunities. 11 PSD@5km+ technology collaborators also showcased their latest innovations, underscoring the growing depth of Penang\u2019s semiconductor ecosystem. Alongside, MDEC was also present at the event to share about their funding facilitation support to the startups.<\/p>\n

Adding to today\u2019s milestone, a new sub-pillar under the Silicon Research & Incubation @GBS Techspace – the \u201cInnoChamps\u201d<\/strong> with PSD@5KM+ was announced.\u00a0 This programme will connect IC design startup leaders with successful leaders and technopreneurs to catalyse innovation, unlock new markets, and scale both business and technology capabilities.<\/p>\n

The Right Honourable Chief Minister of Penang, Mr. Chow Kon Yeow stated, \u201cIt is encouraging to witness our companies scaling right here in Penang\u2014reinforcing that Penang is truly a state to thrive and grow.\u201d He then added, \u201cTo realise the vision to produce the first generation of \u201cMade by Malaysia\u201d chip \u2013 designed, developed and driven from Penang, the \u201cInnoChamps\u201d<\/strong> with PSD@5KM+ gives startups access to experienced mentors and well-connected industry figures, providing the strategic technology roadmap and networks needed to fast-track their growth and competitiveness.\u201d<\/p>\n

Since its launch in December 2024, the PSD@5KM+ initiative has achieved key milestones \u2014 from building hybrid engineering and lab campuses at GBS By The Sea and GBS TechSpace, to attracting world-class design houses like AMD and Monolithic Power Systems, Inc. The initiative also rolled out the Penang Silicon Research & Incubation Space housing local startups preparing product IPs, launched the Penang Chip Design Academy which has already trained 30 engineering graduates with over 90% job placements since its inception in June 2025, and forged technology collaborations that strengthen Penang\u2019s role in the global semiconductor supply chain. Together, these efforts reinforce the shared commitment to nurture the next generation of \u201cMade by Malaysia\u201d chips \u2014 designed, developed, and driven from Penang.<\/p>\n

END<\/strong><\/p>\n

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About InvestPenang\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>
\nInvestPenang is the Penang State Government\u2019s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang\u2019s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy) and\u00a0Penang Silicon Design @5km+<\/em>\u00a0(establishing a unique and interconnected ecosystem for IC design and technology enterprises). For more information, please visit\u00a0https:\/\/investpenang.gov.my\/<\/a>\u00a0and follow InvestPenang\u2019s social media channels:\u00a0Facebook<\/a>;\u00a0LinkedIn<\/a>;\u00a0WhatsApp Channel<\/a>\u00a0and\u00a0TikTok<\/a>.<\/p>\n

About \u201cPenang Silicon Design @5km+\u201d<\/em> Initiative<\/strong>
\nThe \u201cPenang Silicon Design @5km+<\/em>\u201d initiative was launched by Penang State Government, through its lead agency, InvestPenang. Aligning with National Semiconductor Strategy, this initiative is a transformative collaboration between government, academia and industry, aims to drive innovation, accelerate the AI revolution and position Malaysia as a leading global force to provide a complete and end-to-end solution. The \u201cPenang Silicon Design @5km+<\/em>\u201d initiative consists of three key components: (1) Penang IC Design & Digital Park @Bayan Lepas; (2) Penang Chip Design Academy @PSDC; and (3) Silicon Research & Incubation Space @GBS TechSpace. For more information, please visit https:\/\/investpenang.gov.my\/<\/a>.<\/p>\n

 <\/p>\n

For media enquiries, please contact:<\/strong><\/span><\/p>\n

InvestPenang <\/strong>
\nElaine Cheah \/ Arief Ferdaus
\nelaine@investpenang.gov.my<\/a> \/ arief@investpenang.gov.my<\/a>
\nT: +604-646 8833<\/p>\n

\u201cPenang Silicon Design @5km+\u201d <\/em>Initiative<\/strong>
\nTun Qurratul Ain \/ Ong Mee Choo
\nain@investpenang.gov.my<\/a> \/ meechoo@investpenang.gov.my<\/a>
\nT: +604-646 8833[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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