{"id":38880,"date":"2024-02-16T16:02:01","date_gmt":"2024-02-16T08:02:01","guid":{"rendered":"https:\/\/investpenang.gov.my\/bcvc-looks-to-elevate-semiconductor-industry\/"},"modified":"2025-11-28T11:32:09","modified_gmt":"2025-11-28T03:32:09","slug":"bcvc-looks-to-elevate-semiconductor-industry","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/bcvc-looks-to-elevate-semiconductor-industry\/","title":{"rendered":"BCVC Looks to Elevate Semiconductor Industry"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text]<\/p>\n

BCVC Looks to Elevate Semiconductor Industry<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

16 February 2024<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”30970″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]February 13, 2024 <\/strong> \u2013 The Economy Ministry acknowledges the necessity of a collaborative effort involving both the government and the private sector to leverage the potential \u201ctsunami\u201d of investment opportunities, particularly within the semiconductor industry.<\/p>\n

Towards this end, its minister Rafizi Ramli invites venture capital (VC) firms and fund managers to contribute to Malaysia\u2019s economic growth in the semiconductor sector by working with Malaysian entrepreneurs to stimulate greater productivity.<\/p>\n

Rafizi said the move is timely as it can address concerns about the shortage of high-value and high-return projects in Malaysia, which has led domestic funds to seek investment opportunities abroad.<\/p>\n

This trend, according to him, highlights the challenge of domestic direct investment over foreign direct investment (FDI).<\/p>\n

Last week, Rafizi received a delegation from Blue Chip Venture Capital (BCVC), led by its chairman and founder Datuk Lai Pin Yong, at his ministry.<\/p>\n

BCVC is a specialised fund to tech up and value up the semiconductor industry.<\/p>\n

The 80-year-old Lai, a veteran in the semiconductor industry, said the fund aims to \u201cmove the needle\u201d within the semiconductor industry, elevating the value chain of the Malaysian semiconductor industry.<\/p>\n

Speaking to StarBiz, he said the decoupling of global supply chain from geopolitical events, particularly the China and US trade war, has triggered a wave of inward investment into Malaysia.<\/p>\n

\u201cDue to this geopolitical tension, not only Chinese companies but also foreign companies located in China are seeking to relocate outside of China to avoid sanctions from the United States.<\/p>\n

\u201cThis is a golden opportunity for Malaysia to catch the wave of the industry\u2019s relocation and get the industry going,\u201d he said.<\/p>\n

He believes that Malaysia, particularly Penang due to its strong roots in the semiconductor industry, is a preferred option for these companies looking to relocate.<\/p>\n

Sharing some insights, he said the local semiconductor industry is witnessing robust interest in three key areas of the value chain — integrated circuit design, advanced packaging, and equipment manufacturing.<\/p>\n

Coming back to BCVC, Lai said the fund aims to facilitate companies relocating from China, providing confidence through co-investing.<\/p>\n

\u201cThe ultimate aim is to encourage these companies to localise and list on the local stock exchange,\u201d he said.<\/p>\n

According to him, this model represents a departure from traditional approaches, which often involve foreign companies operating somewhat independently from the local economy, using the host country\u2019s land, water and electricity and cheaper labour to make products for export.<\/p>\n

These are important but need to go further, he added.<\/p>\n

\u201cWe need to deepen the collaboration where FDI becomes ingrained in the fabric of Malaysian business, committing to talent development and building up the local supply system, thereby contributing to long-term economic development and growth.\u201d<\/p>\n

Source: The Star<\/a>[\/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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February \u201824<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"author":5127,"featured_media":30970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316],"tags":[],"news_year":[295],"news_month":[200],"local_insights_alphabet":[],"acf":[],"_links":{"self":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/38880"}],"collection":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/users\/5127"}],"replies":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=38880"}],"version-history":[{"count":2,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/38880\/revisions"}],"predecessor-version":[{"id":38891,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/38880\/revisions\/38891"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media\/30970"}],"wp:attachment":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=38880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=38880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=38880"},{"taxonomy":"news_year","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_year?post=38880"},{"taxonomy":"news_month","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_month?post=38880"},{"taxonomy":"local_insights_alphabet","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/local_insights_alphabet?post=38880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}