Kuala Lumpur, April 30 -- The Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturing (FMM), and Bintang Capital Partners (Bintang Capital) on April 28 announced a landmark Memorandum of Understanding (MoU) signed recently regarding the establishment of the Bintang Semiconductor Impact Fund I (BSIF I).

The fund is designed to revolutionise Malaysia's semiconductor industry while promoting sustainable practices and social impact.

MIDA CEO Abdul Majid emphasised the importance of the collaboration, stating that 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 fina...