Latest news with #BSIFI
Malaysian Reserve
07-05-2025
- Business
- Malaysian Reserve
Malaysia launches chip fund to boost IPO-ready firms
BSIF I aims to future-proof Malaysia's high-tech manufacturing sector by RUPINDER SINGH IN A landmark move to fortify Malaysia's semiconductor ecosystem and accelerate the growth of IPOs-ready companies, the Malaysian Investment Development Authority (MIDA), Federation of Malaysian Manufacturers (FMM) and Bintang Capital Partners have launched the Bintang Semiconductor Impact Fund I (BSIF I) — a pioneering initiative that blends financial support with sustainability and social impact. The tripartite collaboration was formalised through a memorandum of understanding (MOU) signed on April 16, 2025. The fund aims to future-proof Malaysia's high-tech manufacturing sector by building resilience in the domestic semiconductor value chain, enhancing environmental and social performance, and preparing companies for eventual public listing. MIDA CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid hailed the partnership as a turning point for the country's semiconductor ambitions. 'This transformative partnership marks a pivotal moment in Malaysia's semiconductor journey. 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,' added Sikh Shamsul. 'Our focus is to develop world-class capabilities, attract premium investments and establish Malaysia as a trusted global semiconductor hub. This collaboration provides the perfect platform to nurture innovation, drive sustainable practices and create lasting economic impact for our nation,' he added. The launch of BSIF I aligns with the objectives of Malaysia's National Semiconductor Strategy (NSS), a multi-pronged roadmap aimed at building up domestic capabilities and capturing greater value across the semiconductor supply chain. The fund is designed to target investments in companies within and adjacent to the semiconductor space, particularly those engaged in high-tech manufacturing, advanced automation, and IR4.0 solutions. FMM president Tan Sri Soh Thian Lai described the initiative as a critical enabler for small and medium enterprises (SMEs), which make up the backbone of Malaysia's manufacturing base. 'As the voice of the manufacturing sector, FMM is pleased to support this initiative, which will enable local businesses to enhance their capabilities, tap into funding opportunities and adopt best practices in governance and sustainability. 'At the same time, it aligns with FMM's ambitious aspiration to cultivate 100 IPO-ready companies within five years. Helping companies become IPO-ready and granting them access to financing are crucial steps in enabling their growth. By supporting these promising enterprises, FMM aims to strengthen Malaysia's manufacturing landscape, driving innovation and competitiveness across the region,' Soh added. The fund also incorporates a strong environmental, social and governance (ESG) framework. BSIF I will support businesses that are committed to carbon transition goals and promote women's empowerment through workforce development. Portfolio companies will be expected to pursue B Corp certification, which signifies high standards in governance, environmental sustainability and social impact. Bintang Capital CEO Johan Rozali-Wathooth described the collaboration as a holistic model that integrates financial capital with values-based investing. '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. 'The collaboration combines Bintang Capital's investment and impact track record, MIDA's deep policy expertise, and FMM's extensive networks within Malaysia's manufacturing sector,' he said. 'On the impact front, Bintang Capital is a passionate advocate for building compa- nies which represent the very best ideals of responsible capitalism: Companies which meet the highest standards of governance and ethicality as represented by B Corp Certification, that also promote and support the empowerment of women, and who also champion environmental sustainability.' BSIF I will serve as a catalytic platform to accelerate Malaysia's positioning in the global semiconductor supply chain at a time when geopolitical shifts and digitalisation are reshaping the sector. By focusing on sustainable development and IPO-readiness, the fund aims not only to create financial returns but also to build a new generation of globally competitive, socially responsible Malaysian enterprises.
The Star
28-04-2025
- Business
- The Star
MIDA, FMM, Bintang Capital team up to launch fund to transform Malaysia's semiconductor industry
KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturing (FMM), and Bintang Capital Partners Bhd have joined forces to introduce the Bintang Semiconductor Impact Fund I (BSIF I) to revolutionise Malaysia's semiconductor industry. In a joint statement today, MIDA, FMM, and Bintang Capital said that the three parties have signed the memorandum of understanding on April 16, 2025. The fund is designed to promote the industry's sustainable practices and social impact, while strengthening the domestic semiconductor value chain and preparing companies for potential initial public offerings (IPO), they said. "BSIF I will target investments in companies within and adjacent to the semiconductor value chain, including high-tech manufacturing and automation. "The fund emphasises carbon transition initiatives and promotes career development opportunities for women, while adhering to global 'B Corp' certification standards,' they said. They said that, similar to a private equity fund, BSIF I aims to fund companies over a few years for them to grow and then transition to an IPO. The three parties said the partnership aligns perfectly with Malaysia's National Semiconductor Strategy (NSS) goals, which focus on developing local semiconductor capabilities and supporting the growth of small and medium enterprises (SMEs). MIDA chief executive officer (CEO) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the alliance would focus on local companies to develop world-class capabilities, attract premium investments, and establish Malaysia as a trusted global semiconductor hub. "This collaboration provides the perfect platform to nurture innovation, drive sustainable practices, and create lasting economic impact for our nation,' he said. Meanwhile, FMM president Tan Sri Soh Thian Lai said the collaboration aligns with FMM's ambitious aspiration to cultivate 100 IPO-ready companies within five years. "Helping companies become IPO-ready and granting them access to financing are crucial steps in enabling their growth. "The FMM is dedicated to assisting SMEs in their journey to expand and thrive,' he said, adding that the FMM aims to strengthen Malaysia's manufacturing landscape, driving innovation and competitiveness across the region. Bintang Capital CEO Johan Rozali-Wathooth said the firm is a passionate advocate for building companies that represent the very best ideals of responsible capitalism -- companies which meet the highest standards of governance and ethics, as represented by the "B Corp' certification. "Our success will put Malaysia on the global map in terms of having a highly differentiated and impactful high-technology manufacturing ecosystem,' he said. - Bernama
New Straits Times
28-04-2025
- Business
- New Straits Times
MIDA, FMM launch Bintang fund to boost semiconductor sector
KUALA LUMPUR: Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturers (FMM) and Bintang Capital Partners have launched a fund to future-proof tge semiconductor industry with a strong focus on sustainability and inclusive growth. The Bintang Semiconductor Impact Fund I (BSIF I), formalised through a tripartite memorandum of understanding (MoU), seeks to address both environmental and social opportunities within the semiconductor sector. The fund will target investments in companies within and adjacent to the semiconductor value chain, including high-tech manufacturing and automation. BSIF I emphasises carbon transition initiatives and promotes career development opportunities for women, while adhering to global B Corp certification standards. MIDA chief executive officer (CEO) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the partnership creates a powerful ecosystem that will elevate local companies to global standards. "Our focus is to develop world-class capabilities, attract premium investments and establish Malaysia as a trusted global semiconductor hub. "This collaboration provides the perfect platform to nurture innovation, drive sustainable practices, and create lasting economic impact for our nation," he said in a statement. FMM president Tan Sri Soh Thian Lai said the fund will enable local businesses to enhance their capabilities, tap into funding opportunities and adopt best practices in governance and sustainability. "At the same time, it aligns with FMM's ambitious aspiration to cultivate 100 IPO-ready companies within five years. Helping companies become IPO-ready and granting them access to financing are crucial steps in enabling their growth. The partnership aligns with the National Semiconductor Strategy (NSS) goals, focusing on developing local semiconductor capabilities and supporting SME growth. Through BSIF I, the collaboration aims to strengthen the domestic semiconductor value chain while preparing companies for potential initial public offerings. Bintang Capital CEO Johan Rozali-Wathooth said the collaboration brings together three critical elements needed to 'raise' a vibrant and sustainable high technology manufacturing industry. "Our success will put Malaysia on the global map in terms of having a highly differentiated and impactful high-technology manufacturing ecosystem," he added.
