CYBERJAYA, Nov 6 — The state government has launched the Selangor Semiconductor Fund, or Ehsan Capital, to drive innovation and support promising local startups in chip design and semiconductor technology.
Menteri Besar Dato’ Seri Amirudin Shari said the fund, which will start operating this month, aims to raise RM100 million in capital, focusing on investments in at least seven high-potential local semiconductor startups.
The initiative is developed through state agencies Selangor Information Technology and Digital Economy Corporation (Sidec) and Permodalan Negeri Selangor Bhd (PNSB), in collaboration with Artem Venture Fund.
“This fund is not just a financial instrument, but a long-term commitment by the state government to nurture local talent and strengthen research and development in semiconductor technology,” he said in his opening remarks at the Malaysia Semiconductor IC Design Park 2 launch here today.
Amirudin said the initiative complements the Local Economy Development (LED) policy, which sets a 30 per cent local content requirement for all new data centre investments to directly benefit Malaysian firms, tech providers and workers.
This, he said, is in line with the national semiconductor and industrial transformation agenda.
He added that the policy also supports the Speed Selangor policy launched last month, which aims to expedite project approvals and infrastructure development to attract high-value investments.
“All these initiatives, from the IC Design Park and the Selangor Semiconductor Fund, to the LED and Speed Selangor policies, will support our long-term vision to position Selangor as the primary driver of Malaysia’s digital ecosystem and a global player in semiconductor innovation.”
Amirudin also commended initiatives implemented by the Advanced Semiconductor Academy of Malaysia (Asem), including National Semiconductor Excellence Programme and the Global Semiconductor Exchange Programme, for advancing Selangor’s semiconductor ambitions.
