Latest news with #PSD@5km+)
Barnama
3 days ago
- Automotive
- Barnama
3REN Firms Up Partnership With InvestPenang On Penang Silicon Design @5km+ Initiative
REGION - NORTHERN > NEWS GEORGE TOWN, July 18 (Bernama) -- 3REN Bhd's subsidiary, Sophic Automation Sdn Bhd, has signed an agreement with Invest-In-Penang Bhd (InvestPenang) to accept an incentive package aimed at enhancing its integrated circuit (IC) design and development capabilities, as well as transforming its ideas into IC products. The automation solutions and engineering services provider said in a statement today that the agreement further strengthens the partnership between the two parties, following the memorandum of understanding signed in December 2024 to collaborate on the Penang Silicon Design @5km+ (PSD@5km+) initiative. 'The incentive package granted to 3REN includes monetary subsidies, grants, or payments for facilities and services provided by stakeholders under the agreement for a period of three years until May 2028. bootstrap slideshow 'The group intends to strategically utilise these incentives to contribute to and foster further innovation within Malaysia's semiconductor and IC design and development ecosystem,' it said. Executive director and chief executive officer Koh Dim Kuan said the initiative offers valuable opportunities to collaborate with local fabless IC design firms, electronic design automation tool providers, and academic institutions, while improving access to cutting-edge IC design and development technologies. 'Having worked alongside reputable counterparties and global players in the IC industry, we are exceptionally proud to solidify our partnership with InvestPenang through the PSD@5km+ initiative. 'This collaboration further reflects our strong commitment to nurturing future talent, as the group strategically advances up the semiconductor value chain, building on its solid foundation in automation solutions and engineering services,' he said. On Dec 7 last year, Prime Minister Datuk Seri Anwar Ibrahim launched the PSD@5km+ initiative and announced an allocation of RM50 million to support it. The initiative is spearheaded by the Penang government through its agency, InvestPenang, to revolutionise Malaysia's semiconductor industry in line with the National Semiconductor Strategy.
New Straits Times
3 days ago
- Automotive
- New Straits Times
3REN, InvestPenang formalise integrated circuit design collaboration
KUALA LUMPUR: 3REN Bhd, via its unit Sophic Automation Sdn Bhd, has signed an agreement with Invest-In-Penang Bhd (InvestPenang) to receive an incentive package aimed at boosting its integrated circuit (IC) design and development capabilities. The deal follows an earlier memorandum of understanding (MoU) signed between the two parties in December 2024, under the Penang Silicon Design @5km+ initiative (PSD@5km+). 3REN said the package includes monetary subsidies, grants, and service-related payments from key stakeholders, effective for three years until May 2028. "The company intends to strategically utilise these incentives to collectively play its part and foster further innovation within Malaysia's semiconductor and integrated chip design and development ecosystem," it said in a statement. Executive director and chief executive officer Koh Dim Kuan said the company's partnership with InvestPenang through the PSD@5km+ initiative aligns with its track record of working with reputable counterparties and global players in the IC industry. Koh added it also provides valuable opportunities to collaborate with local fabless IC design firms, electronic design automation tool providers and academic institutions, and enhances its access to cutting-edge IC design and development technologies. "It also connects us with like-minded, visionary organisations in a united effort to position Malaysia at the forefront of the global semiconductor landscape. "This collaboration further reflects our strong commitment to nurturing future talent, as the company strategically advances up the semiconductor value chain, building on its solid foundation in automation solutions and engineering services," he added.
The Sun
01-07-2025
- Business
- The Sun
Penang launches Silicon Research and Incubation Space to drive IC design industry
GEORGE TOWN: Penang's mission to lead Malaysia's integrated circuit (IC) design landscape received a boost with the launch of the Silicon Research and Incubation Space, a high-innovation facility under the Penang Silicon Design @5km+ (PSD@5km+) initiative. Located at GBS Tech Space in the Bayan Lepas Industrial Park, the 36,000-square-foot purpose-built space marks the beginning of a new era for local IC design, poised to meet the challenges of the global market. Chief Minister Chow Kon Yeow said the facility is now home to local IC design companies and technology partners, creating a collaborative platform that brings together the experience, expertise, and vision of local entrepreneurs, many of whom previously served in multinational corporations (MNCs). He said the facility is envisioned as a one-stop centre designed to cultivate a vibrant community of next-generation artificial intelligence-driven IC design thinkers, engineers and entrepreneurs. 'It provides access to high-specification server environments, cutting-edge lab facilities and industry-standard electronic design automation tools and equipment, which are critical enablers for IC design and development. 'The space is also complemented by an integrated suite of technical consultations, expert mentorships and collaborative development programmes, aimed at accelerating innovation and product readiness,' he told a press conference after the launching ceremony at the GBS Tech Space, here today. Chow noted that today's launch reaffirms the state's commitment to aligning with the National Semiconductor Strategy, and over 45 companies, both local and MNCs, are currently operating in Penang, making it Malaysia's largest IC design cluster. Elaborating further, he said the facility is one of three key components under the PSD@5KM+ initiative, the other two being the Chip Design Academy, which is to be launched next week, and the IC Design Digital Park in Bayan Lepas, scheduled for completion this August. The PSD@5KM+ initiative was launched by Prime Minister Datuk Seri Anwar Ibrahim in December last year, with support from RM50 million in federal government funding and RM60 million from the state government. Chow emphasised that the state's vision, 'Made by Malaysia, designed and developed in Penang', is becoming a reality as locally designed chips begin to meet global standards and enter international markets. He said that one of the recent achievements is the development of two advanced chip technology solutions, namely HBM3E and network-on-chip by SkyeChip. 'We are proud that local companies are now not just 'Made in Malaysia', but are producing chips that are truly 'Made by Malaysia', reinforcing Penang's position as the Silicon Valley of the East,' he added.
